Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Announces Earnings Results

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

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of PBR traded down $0.54 during trading hours on Friday, reaching $17.98. 28,482,939 shares of the company’s stock traded hands, compared to its average volume of 14,216,550. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.43 and a 12 month high of $22.24. 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 stock has a market cap of $115.84 billion, a PE ratio of 4.54, a price-to-earnings-growth ratio of 0.73 and a beta of 0.33. The firm’s 50 day simple moving average is $17.66 and its 200-day simple moving average is $18.16.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Thursday, August 27th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.1426 per share. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is 11.04%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PBR shares. Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. cut their target price on Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Finally, Bank of America raised 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 report on Friday, April 17th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.28.

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

Hedge Funds Weigh In On Petroleo Brasileiro S.A.- Petrobras

A number of institutional investors have recently made changes to their positions in PBR. Geneos Wealth Management Inc. increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 74.9% during the second quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 1,044 shares during the last quarter. Vise Technologies Inc. raised its position in Petroleo Brasileiro S.A.- Petrobras by 2.9% in the fourth quarter. Vise Technologies Inc. now owns 44,031 shares of the oil and gas exploration company’s stock worth $522,000 after acquiring an additional 1,260 shares during the period. Focus Partners Wealth boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 7.0% during the 1st quarter. Focus Partners Wealth now owns 20,631 shares of the oil and gas exploration company’s stock worth $296,000 after acquiring an additional 1,356 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 4.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 32,965 shares of the oil and gas exploration company’s stock worth $391,000 after acquiring an additional 1,501 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 6.3% during the 4th quarter. Arkadios Wealth Advisors now owns 26,579 shares of the oil and gas exploration company’s stock valued at $315,000 after acquiring an additional 1,580 shares during the period.

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.