Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Issues Earnings Results, Beats Expectations By $0.32 EPS

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) released its quarterly earnings results on Thursday. The oil and gas exploration company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.32, Zacks reports. The business had revenue of $33.61 billion for the quarter, compared to analysts’ expectations of $31.46 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 24.52% and a return on equity of 31.82%.

Petroleo Brasileiro S.A.- Petrobras Stock Down 2.9%

Petroleo Brasileiro S.A.- Petrobras stock traded down $0.54 on Friday, hitting $17.98. 28,482,939 shares of the stock traded hands, compared to its average volume of 14,216,550. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68. The firm has a market cap of $115.84 billion, a P/E ratio of 4.54, a price-to-earnings-growth ratio of 0.75 and a beta of 0.33. The business’s fifty day simple moving average is $17.66 and its 200 day simple moving average is $18.16. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.43 and a 1 year high of $22.24.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, August 27th. Shareholders of record on Wednesday, June 3rd will be issued a $0.1426 dividend. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 11.04%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. PCM Encore LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth about $237,000. Empowered Funds LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 39.5% in the fourth quarter. Empowered Funds LLC now owns 17,079 shares of the oil and gas exploration company’s stock worth $202,000 after purchasing an additional 4,839 shares during the period. Abel Hall LLC increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 32.3% during the third quarter. Abel Hall LLC now owns 20,500 shares of the oil and gas exploration company’s stock valued at $260,000 after purchasing an additional 5,000 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the third quarter valued at approximately $204,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at approximately $225,000.

Key Petroleo Brasileiro S.A.- Petrobras News

Here are the key news stories impacting Petroleo Brasileiro S.A.- Petrobras this week:

• Positive Sentiment: Petrobras reported second-quarter earnings of $1.72 per share, exceeding the $1.40 analyst consensus, while revenue of $33.61 billion also surpassed expectations of $31.46 billion. Net profit nearly doubled year over year, rising 96.8%, supported by stronger crude, gasoline and diesel prices. Petrobras’ net profit nearly doubles in the second quarter
• Positive Sentiment: Management highlighted historic quarterly net income and record gross profit, attributing the performance to operational efficiency, higher production and stronger cash generation. Petrobras Q2 2026 Earnings Call Highlights
• Positive Sentiment: CEO Magda Chambriard said Petrobras will “very likely” exceed its 2026 oil-production forecast, following record production in the quarter. Higher output could support revenue, cash flow and dividend capacity. Petrobras likely to exceed oil production forecast for the year
• Neutral Sentiment: The earnings call and presentation emphasized execution and production performance, but investors will likely seek more detail on the durability of profits, capital allocation and operating plans. Petrobras Q2 2026 Earnings Call Transcript
• Negative Sentiment: A significant portion of the earnings improvement was linked to an oil-price rally caused by supply disruptions connected to the U.S.-Iran conflict. Investors may view those gains as geopolitical and potentially short-lived, limiting enthusiasm for the stock despite the earnings beat. Petrobras Profit Tops Estimates on Iran War-Driven Oil Rally

Analysts Set New Price Targets

Several brokerages have commented on PBR. JPMorgan Chase & Co. decreased their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Bank of America raised shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.70 to $24.80 in a research note on Friday, April 17th. Weiss Ratings upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Finally, Zacks Research downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.28.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.