Petróleo Brasileiro S.A. – Petrobras (PBR) Set to Announce Earnings on Thursday

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is set to post its quarterly earnings results after the market closes on Thursday, August 8th. Analysts expect Petróleo Brasileiro S.A. – Petrobras to post earnings of $0.65 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its earnings results on Monday, May 13th. The oil and gas exploration company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.09). Petróleo Brasileiro S.A. – Petrobras had a net margin of 22.46% and a return on equity of 31.07%. The company had revenue of $23.77 billion during the quarter, compared to the consensus estimate of $24.63 billion. During the same period last year, the firm posted $1.11 EPS. On average, analysts expect Petróleo Brasileiro S.A. – Petrobras to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Petróleo Brasileiro S.A. – Petrobras Trading Up 3.4 %

NYSE PBR opened at $13.76 on Wednesday. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.90 and a 1-year high of $17.91. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $14.55 and a 200-day moving average of $15.62. The firm has a market cap of $89.74 billion, a PE ratio of 4.00, a price-to-earnings-growth ratio of 0.15 and a beta of 1.41.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.0288 per share. This represents a yield of 16%. The ex-dividend date of this dividend is Thursday, June 13th. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 26.16%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Jefferies Financial Group lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and lowered their price target for the company from $21.20 to $17.70 in a research report on Wednesday, May 15th. Bank of America raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and upped their price target for the company from $16.80 to $17.90 in a research report on Thursday, June 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.86.

Petróleo Brasileiro S.A. – Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.