nattul/iStock via Getty Images We previously covered Petrobras (NYSE:PBR) in May 2024, discussing why we had reiterated our Buy rating despite the volatility observed in its stock prices, the dramatically ousted CEO, and the FQ1'24 dividend payout miss. Thanks to its inherent undervaluation and rich forward dividend yields, we believed that the risk/ reward ratio remained highly attractive despite the moderate volatility. Since then, PBR has already offered a total return of +6.6% (including dividends), out ...

Petrobras (PBR) , a Brazilian integrated oil and gas company, is actively searching for shale gas deals in Argentina, specifically in the prolific Vaca Muerta region, according to Bloomberg. This move aligns with PBR's goal to diversify and enhance its natural gas supplies, which is a key factor in driving Brazil's industrial growth. As part of a larger international expansion plan, this strategy underlines PBR's ambition to restore its oil and gas reserves domestically and abroad while catering to rising e ...

Petrobras (PBR) , a Brazilian oil and gas company, is set to revolutionize its offshore oil and gas production with the implementation of a cutting-edge digital twin prototype. This technology, which was successfully tested on the Cidade de Anchieta and P-57 FPSO platforms, operating in the Jubarte field, located in the pre-salt and post-salt layers offshore Espírito Santo, promises to enhance production efficiency by approximately 1%. Developed in two years by the Brazilian company, Engineering Simulation ...

Petroleo Brasileiro S.A., or Petrobras (PBR) , announced second-quarter earnings per ADS of 47 cents, same as the Zacks Consensus Estimate. The strong performance can be attributed to production gains. However, the company's bottom line fell from the year-ago adjusted profit of 90 cents due to rising pre-salt lifting costs and lower downstream margins. Recurring net income, which strips one-time items, came in at $3,060 million compared with $5,958 million a year earlier. Petrobras' adjusted EBITDA fell to ...

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Q2 2024 Results Conference Call August 9, 2024 10:00 AM ET Company Participants Magda Chambriard - CEO Clarice Coppett - Executive Director of Corporate Affairs Claudio Schlosser - Executive Director for Logistics, Trade and Markets Fernando Melgarejo - Executive Director of Finance and Investor Relations Mário Spinelli - Executive Director for Governance and Compliance Mauricio Tolmasquim - Executive Director for Energy Transition and Sustainability Renata Ba ...

Petrobras S.A. (PBR) , a Brazilian state-owned energy company, has recently confirmed the extent of a natural gas discovery (made in 2022) in the deep waters of Colombia. The Uchuva-2 well, spudded in June 2024, was aimed at confirming the size of the gas discovery that was initially identified with the Uchuva-1 well. The Uchuva-2 well is located 19 miles off the coast of Colombia, at a water depth of 2,638 ft. Petrobras stated that the planned development of the well consists of five phases. The gas bearin ...

Petroleo Brasileiro S.A., or Petrobras (PBR) is set to release second-quarter 2024 results on Aug 8. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 55 cents per share on revenues of $24.2 billion. Let's delve into the factors that might have influenced Brazil's state-run energy giant's results in the June quarter. But it's worth taking a look at PBR's previous-quarter performance first. Highlights of Q1 Earnings & Surprise History In the last reported quarter, the Rio de ...

The investment community will be closely monitoring the performance of Petrobras in its forthcoming earnings report. The company is scheduled to release its earnings on August 8, 2024. In that report, analysts expect Petrobras to post earnings of $0.65 per share. This would mark a year-over-year decline of 27.78%. Alongside, our most recent consensus estimate is anticipating revenue of $24.05 billion, indicating a 4.65% upward movement from the same quarter last year. The Zacks Rank system, which varies bet ...

dabldy/iStock Editorial via Getty Images Petrobras (NYSE:PBR) is by far one of the cheapest oil companies today. Not only that, but the fundamental indicators are also very good, with high operational efficiency, good margins and cash generation, and consequently, high dividends, which, when added to positive operational prospects for unlocking more value and more production, make PBR stock very appealing to most investors. The problem is that there is always political uncertainty hanging over Petrobras, si ...

The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 221, putting it in the bottom 13% of all 250+ industries. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.43 per share and a revenue of $97.77 billion, indicating changes of -17.94% and -4.53%, respectively, from the former year. Prior to today's trading, shares of the oil and gas company had gained 2.86% over the past month. This has ou ...