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Petróleo Brasileiro S.A. - Petrobras (PBR) Stock Forecast, Price Target & Predictions

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PBR Stock Forecast

Petróleo Brasileiro S.A. - Petrobras stock forecast is as follows: an average price target of $16.50 (represents a 26.53% upside from PBR’s last price of $13.04) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.

PBR Price Target

The average price target for Petróleo Brasileiro S.A. - Petrobras (PBR) is $16.50 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $20.00 to $13.00. This represents a potential 26.53% upside from PBR's last price of $13.04.

PBR Analyst Ratings

Buy

According to 12 Wall Street analysts, Petróleo Brasileiro S.A. - Petrobras's rating consensus is 'Buy'. The analyst rating breakdown for PBR stock is 0 'Strong Buy' (0.00%), 9 'Buy' (75.00%), 2 'Hold' (16.67%), 1 'Sell' (8.33%), and 0 'Strong Sell' (0.00%).

Petróleo Brasileiro S.A. - Petrobras Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 11, 2024Stewart GlickmanCFRA$13.00$13.62-4.55%-0.31%
Aug 25, 2024Bruno MontanariMorgan Stanley$20.00$14.4038.89%53.37%
May 15, 2024Stewart GlickmanCFRA$14.00$15.56-10.03%7.36%
May 15, 2024Alejandro Anibal DemichelisJefferies$17.70$16.696.05%35.74%
Mar 25, 2024Liyanna YangHSBC$18.00$14.9520.41%38.04%
Jun 21, 2023Bruno AmorimGoldman Sachs$18.10$14.8721.72%38.80%
May 14, 2021Christian AudiBanco Santander$11.00$8.2333.66%-15.64%

The latest Petróleo Brasileiro S.A. - Petrobras stock forecast, released on Nov 11, 2024 by Stewart Glickman from CFRA, set a price target of $13.00, which represents a -4.55% decrease from the stock price at the time of the forecast ($13.62), and a -0.31% decrease from PBR last price ($13.04).

Petróleo Brasileiro S.A. - Petrobras Price Target by Period

1M3M12M
# Anlaysts-15
Avg Price Target-$13.00$16.54
Last Closing Price$13.04$13.04$13.04
Upside/Downside-100.00%-0.31%26.84%

In the current month, the average price target of Petróleo Brasileiro S.A. - Petrobras stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Petróleo Brasileiro S.A. - Petrobras's last price of $13.04. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 15, 2024ScotiabankOutperformOutperformHold
Sep 23, 2024Itau BBAMarket PerformOutperformUpgrade
Aug 28, 2024SantanderOutperformUpgrade
May 15, 2024CFRASellSellHold
May 15, 2024JefferiesHoldDowngrade
Oct 13, 2023HSBCBuyUpgrade
Sep 08, 2023BradescoOutperformUpgrade
Aug 24, 2023UBSBuyUpgrade
Aug 23, 2023Bank of America SecuritiesBuyUpgrade
Jun 21, 2023Goldman SachsNeutralBuyUpgrade
Jun 07, 2023Morgan StanleyOverweightUpgrade
Nov 04, 2022Goldman SachsNeutralDowngrade
Oct 17, 2022Credit SuisseNeutralDowngrade
Aug 30, 2022Itau BBAMarket PerformDowngrade

Petróleo Brasileiro S.A. - Petrobras's last stock rating was published by Scotiabank on Oct 15, 2024. The company gave PBR a "Outperform" rating, the same as its previous rate.

Petróleo Brasileiro S.A. - Petrobras Financial Forecast

Petróleo Brasileiro S.A. - Petrobras Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
Revenue-----------$26.77B$30.17B$32.41B$34.70B$27.19B$24.03B$23.25B$20.98B$15.70B$13.91B$13.15B$9.48B$17.14B$19.87B$19.42B$18.50B$21.23B$22.96B$21.74B
Avg Forecast$20.31B$21.45B$20.38B$20.66B$22.30B$22.60B$23.54B$24.26B$26.77B$26.03B$24.07B$27.69B$30.26B$30.53B$30.49B$28.54B$24.02B$21.70B$19.87B$18.01B$13.58B$13.72B$10.09B$14.39B$19.91B$18.56B$23.42B$21.58B$20.96B$16.55B
High Forecast$20.90B$22.08B$20.97B$21.25B$22.74B$22.76B$23.54B$24.41B$27.23B$26.16B$24.77B$28.49B$31.14B$30.67B$30.63B$28.68B$24.13B$21.80B$19.96B$18.09B$13.65B$13.78B$10.13B$14.46B$20.00B$18.64B$23.53B$21.68B$25.15B$19.86B
Low Forecast$19.76B$20.87B$19.82B$20.09B$21.87B$22.45B$23.54B$24.11B$26.33B$25.90B$23.42B$26.93B$29.43B$30.40B$30.36B$28.42B$23.92B$21.60B$19.78B$17.93B$13.53B$13.66B$10.04B$14.33B$19.83B$18.48B$23.32B$21.49B$16.77B$13.24B
# Analysts11113222422211112222999988881014
Surprise %-----------0.97%1.00%1.06%1.14%0.95%1.00%1.07%1.06%0.87%1.02%0.96%0.94%1.19%1.00%1.05%0.79%0.98%1.10%1.31%

Petróleo Brasileiro S.A. - Petrobras's average Quarter revenue forecast for Jun 23 based on 2 analysts is $24.07B, with a low forecast of $23.42B, and a high forecast of $24.77B. PBR's average Quarter revenue forecast represents a -10.07% decrease compared to the company's last Quarter revenue of $26.77B (Mar 23).

Petróleo Brasileiro S.A. - Petrobras EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts11113222422211112222999988881014
EBITDA-----------$14.22B$16.25B$17.58B$23.32B$15.43B$11.64B$12.06B$16.52B$4.56B$17.85B$3.84B$3.45B$-7.95B$7.23B$9.06B$13.06B$6.34B$8.29B$7.20B
Avg Forecast$9.60B$10.14B$9.63B$9.76B$10.54B$10.68B$11.12B$17.90B$12.65B$12.30B$11.37B$16.27B$15.70B$16.61B$16.58B$14.79B$13.07B$11.80B$11.85B$9.80B$7.39B$7.46B$5.49B$-27.42B$10.83B$10.09B$12.74B$6.02B$5.05B$4.95B
High Forecast$9.88B$10.43B$9.91B$10.04B$10.74B$10.75B$11.12B$21.48B$12.86B$12.36B$11.70B$19.52B$18.84B$16.69B$16.66B$17.75B$13.13B$11.86B$14.22B$9.84B$7.42B$7.50B$5.51B$-21.94B$10.88B$10.14B$12.80B$7.23B$6.06B$5.94B
Low Forecast$9.33B$9.86B$9.36B$9.49B$10.33B$10.60B$11.12B$14.32B$12.44B$12.23B$11.06B$13.02B$12.56B$16.54B$16.51B$11.83B$13.01B$11.75B$9.48B$9.75B$7.36B$7.43B$5.46B$-32.91B$10.79B$10.05B$12.69B$4.82B$4.04B$3.96B
Surprise %-----------0.87%1.03%1.06%1.41%1.04%0.89%1.02%1.39%0.47%2.42%0.51%0.63%0.29%0.67%0.90%1.02%1.05%1.64%1.46%

2 analysts predict PBR's average Quarter EBITDA for Jun 23 to be $11.37B, with a high of $11.70B and a low of $11.06B. This is -20.00% lower than Petróleo Brasileiro S.A. - Petrobras's previous annual EBITDA (Mar 23) of $14.22B.

Petróleo Brasileiro S.A. - Petrobras Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts11113222422211112222999988881014
Net Income-----------$7.34B$8.24B$8.76B$11.01B$8.61B$5.68B$5.94B$8.12B$180.00M$11.51B$-236.00M$-417.00M$-9.71B$1.98B$2.29B$4.81B$1.07B$2.15B$1.42B
Avg Forecast$3.67B$5.50B$5.74B$4.16B$4.50B$5.16B$3.33B$9.02B$7.14B$5.91B$5.60B$8.20B$7.60B$8.28B$7.71B$7.45B$5.20B$3.62B$5.83B$1.05B$1.04B$49.37M$-1.43B$-33.52B$2.43B$1.73B$1.99B$1.02B$1.31B$973.29M
High Forecast$3.81B$5.71B$5.96B$4.32B$4.71B$5.35B$3.33B$10.82B$7.91B$6.10B$5.82B$9.84B$9.12B$8.33B$7.76B$8.94B$5.23B$3.64B$6.99B$1.05B$1.05B$49.67M$-1.42B$-26.81B$2.45B$1.74B$2.00B$1.22B$1.57B$1.17B
Low Forecast$3.54B$5.31B$5.54B$4.01B$4.23B$4.98B$3.33B$7.21B$6.43B$5.71B$5.41B$6.56B$6.08B$8.24B$7.67B$5.96B$5.17B$3.60B$4.66B$1.04B$1.04B$49.10M$-1.44B$-40.22B$2.42B$1.72B$1.98B$813.20M$1.04B$778.63M
Surprise %-----------0.90%1.08%1.06%1.43%1.15%1.09%1.64%1.39%0.17%11.04%-4.78%0.29%0.29%0.81%1.33%2.42%1.05%1.64%1.46%

Petróleo Brasileiro S.A. - Petrobras's average Quarter net income forecast for Jun 23 is $5.60B, with a range of $5.41B to $5.82B. PBR's average Quarter net income forecast represents a -23.65% decrease compared to the company's last Quarter net income of $7.34B (Mar 23).

Petróleo Brasileiro S.A. - Petrobras SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts11113222422211112222999988881014
SG&A-----------$1.70B$1.67B$1.65B$1.61B$1.72B$1.24B$2.39B$1.51B$1.51B$-499.00M$1.68B$1.54B$2.06B$3.75B$2.46B$2.03B$2.21B$2.42B$1.96B
Avg Forecast$1.64B$1.74B$1.65B$1.67B$1.80B$1.83B$1.91B$1.77B$2.17B$2.11B$1.95B$1.61B$2.31B$2.49B$2.48B$1.47B$1.96B$1.77B$950.54M$1.47B$1.11B$1.12B$821.15M$7.09B$1.62B$1.51B$1.91B$2.11B$1.56B$1.40B
High Forecast$1.69B$1.79B$1.70B$1.72B$1.84B$1.84B$1.91B$2.13B$2.20B$2.12B$2.00B$1.93B$2.77B$2.50B$2.49B$1.76B$1.96B$1.77B$1.14B$1.47B$1.11B$1.12B$824.96M$8.51B$1.63B$1.52B$1.92B$2.53B$1.87B$1.69B
Low Forecast$1.60B$1.69B$1.60B$1.63B$1.77B$1.82B$1.91B$1.42B$2.13B$2.10B$1.89B$1.29B$1.85B$2.48B$2.47B$1.17B$1.95B$1.76B$760.43M$1.46B$1.10B$1.11B$817.67M$5.67B$1.61B$1.50B$1.90B$1.68B$1.24B$1.12B
Surprise %-----------1.05%0.73%0.66%0.65%1.18%0.64%1.35%1.59%1.03%-0.45%1.51%1.87%0.29%2.31%1.63%1.07%1.05%1.55%1.39%

Petróleo Brasileiro S.A. - Petrobras's average Quarter SG&A projection for Jun 23 is $1.95B, based on 2 Wall Street analysts, with a range of $1.89B to $2.00B. The forecast indicates a 14.79% rise compared to PBR last annual SG&A of $1.70B (Mar 23).

Petróleo Brasileiro S.A. - Petrobras EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts11113222422211112222999988881014
EPS-----------$1.13$1.26$1.34$1.68$1.32$0.87$0.92$1.24$0.02$1.76$-0.04$-0.06$-1.48$0.30$0.36$0.74$0.16$0.32$0.22
Avg Forecast$0.57$0.85$0.89$0.65$0.70$0.80$0.52$0.85$1.11$0.92$0.87$0.90$1.16$1.28$1.20$1.16$0.81$0.56$0.70$0.16$0.16$0.01$-0.22$0.10$0.38$0.27$0.31$0.20$0.14$0.09
High Forecast$0.59$0.89$0.92$0.67$0.73$0.83$0.52$0.86$1.23$0.95$0.90$0.94$1.20$1.29$1.20$1.17$0.81$0.56$0.70$0.16$0.16$0.01$-0.22$0.10$0.38$0.27$0.31$0.20$0.17$0.11
Low Forecast$0.55$0.82$0.86$0.62$0.66$0.77$0.52$0.84$1.00$0.89$0.84$0.87$1.12$1.28$1.19$1.16$0.80$0.56$0.69$0.16$0.16$0.01$-0.22$0.10$0.37$0.27$0.31$0.20$0.11$0.07
Surprise %-----------1.25%1.09%1.04%1.40%1.13%1.08%1.64%1.78%0.12%10.89%-5.22%0.29%-14.79%0.81%1.34%2.40%0.79%2.29%2.44%

According to 2 Wall Street analysts, Petróleo Brasileiro S.A. - Petrobras's projected average Quarter EPS for Jun 23 is $0.87, with a low estimate of $0.84 and a high estimate of $0.90. This represents a -23.03% decrease compared to PBR previous annual EPS of $1.13 (Mar 23).

Petróleo Brasileiro S.A. - Petrobras Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
EQNREquinor ASA$22.68$82.50263.76%Hold
CVECenovus Energy$14.77$31.00109.88%Buy
BPBP p.l.c.$29.08$47.5063.34%Buy
EEni S.p.A.$26.85$39.6047.49%Buy
SHELShell$61.88$88.0042.21%Buy
TTETotalEnergies SE$54.25$77.0041.94%Hold
XOMExxon Mobil$108.01$133.1123.24%Buy
PBRPetróleo Brasileiro S.A. - Petrobras$13.52$16.5022.04%Buy
CVXChevron$148.11$170.3315.00%Buy
ECEcopetrol$7.89$8.507.73%Buy
YPFYPF Sociedad Anónima$44.88$29.50-34.27%Buy

PBR Forecast FAQ

Is Petróleo Brasileiro S.A. - Petrobras a good buy?

Yes, according to 12 Wall Street analysts, Petróleo Brasileiro S.A. - Petrobras (PBR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 75.00% of PBR's total ratings.

What is PBR's price target?

Petróleo Brasileiro S.A. - Petrobras (PBR) average price target is $16.5 with a range of $13 to $20, implying a 26.53% from its last price of $13.04. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Petróleo Brasileiro S.A. - Petrobras stock go up soon?

According to Wall Street analysts' prediction for PBR stock, the company can go up by 26.53% (from the last price of $13.04 to the average price target of $16.5), up by 53.37% based on the highest stock price target, and down by -0.31% based on the lowest stock price target.

Can Petróleo Brasileiro S.A. - Petrobras stock reach $20?

PBR's average twelve months analyst stock price target of $16.5 does not support the claim that Petróleo Brasileiro S.A. - Petrobras can reach $20 in the near future.

What are Petróleo Brasileiro S.A. - Petrobras's analysts' financial forecasts?

Petróleo Brasileiro S.A. - Petrobras's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $92.71B (high $93.46B, low $91.97B), average EBITDA is $50.24B (high $54.1B, low $46.38B), average net income is $22B (high $24.22B, low $19.75B), average SG&A $7.31B (high $7.71B, low $6.91B), and average EPS is $2.86 (high $2.94, low $2.79). PBR's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $82.8B (high $85.2B, low $80.54B), average EBITDA is $39.12B (high $40.25B, low $38.05B), average net income is $19.08B (high $19.8B, low $18.4B), average SG&A $6.7B (high $6.89B, low $6.52B), and average EPS is $2.96 (high $3.07, low $2.86).

Did the PBR's actual financial results beat the analysts' financial forecasts?

Based on Petróleo Brasileiro S.A. - Petrobras's last annual report (Dec 2022), the company's revenue was $124.47B, beating the average analysts forecast of $119.82B by 3.88%. Apple's EBITDA was $73.92B, beating the average prediction of $63.69B by 16.06%. The company's net income was $36.62B, beating the average estimation of $31.05B by 17.95%. Apple's SG&A was $6.41B, missing the average forecast of $8.74B by -26.71%. Lastly, the company's EPS was $5.62, beating the average prediction of $4.8 by 16.99%. In terms of the last quarterly report (Mar 2023), Petróleo Brasileiro S.A. - Petrobras's revenue was $26.77B, missing the average analysts' forecast of $27.69B by -3.31%. The company's EBITDA was $14.22B, missing the average prediction of $16.27B by -12.61%. Petróleo Brasileiro S.A. - Petrobras's net income was $7.34B, missing the average estimation of $8.2B by -10.45%. The company's SG&A was $1.7B, beating the average forecast of $1.61B by 5.28%. Lastly, the company's EPS was $1.13, beating the average prediction of $0.904 by 25.04%