Petrobras Finds Hydrocarbons in Amapa, Boosting Offshore Prospects
PBR confirms hydrocarbons at the ultra-deepwater Morpho well, adding geological insight into Brazil's Amazon River Mouth basin.
PBR - Petróleo Brasileiro S.A. - Petrobras
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$21.67
DETAILS
HIGH:
$24.00
LOW:
$19.00
MEDIAN:
$22.00
CONSENSUS:
$21.67
UPSIDE:
13.16%
Stock News
PBR Q2 Earnings Beat on Record Production and Higher Brent
Brazil's Petrobras beat Q2 estimates as record production, stronger exports and higher Brent pricing lifted earnings, revenues and cash flow.
Petrobras: Profits And Dividends Soar 100%+
Petróleo Brasileiro S.A. - Petrobras delivered robust Q2 results, with revenues up 60% and net earnings soaring 120% year-over-year, supported by higher oil prices and record production. PBR's production hit a record 3.34 million boe/day, driven by low-cost pre-salt offshore assets, and production growth is expected to continue into H2. Free cash flow reached nearly $8 billion for the quarter, enabling significant debt reduction and a more than doubling of the December dividend versus last year.
Petroleo Brasileiro S.A.- Petrobras Q2 Earnings Call Highlights
Petroleo Brasileiro S.A.- Petrobras NYSE: PBR reported record operating and financial performance for the second quarter of 2026, supported by higher oil production, refinery utilization, exports and Brent crude prices, executives said during the company's webcast with analysts and investors.
Petróleo Brasileiro S.A. - Petrobras (PBR) Q2 2026 Earnings Call Transcript
Petróleo Brasileiro S.A. - Petrobras (PBR) Q2 2026 Earnings Call Transcript
Petrobras likely to exceed oil production forecast for the year, says CEO
Brazil's state-run oil firm Petrobras will "very likely" exceed its forecast for oil production in 2026, CEO Magda Chambriard told analysts during an earnings call on Friday.
Petrobras' net profit nearly doubles in the second quarter
Brazilian state-run oil firm Petrobras posted on Thursday a 96.8% jump in its second-quarter net profit from a year earlier.
Petrobras halts studies for $1 billion gas pipeline in Brazil amid regulatory uncertainty, sources say
Brazil's Petrobras is reassessing a major natural gas infrastructure investment in Brazil amid regulatory uncertainty surrounding a proposed government program that could also impact a project by Norway's Equinor , sources told Reuters.
Petrobras to Report Q2 Earnings: What's in the Offing for the Stock?
PBR heads into Q2 earnings with strong production growth, but fuel pricing, refinery maintenance and higher spending could test results.
Brazil's Petrobras to increase jet fuel prices by 1.9% in August
Brazilian state-run oil firm Petrobras will increase average jet fuel prices sold to distributors by 1.9%, or 0.09 real per liter, starting on Saturday, the firm said on Friday in a statement.
Petroleo Brasileiro S.A.- Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know
Petrobras (PBR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Why the Market Dipped But Petrobras (PBR) Gained Today
In the latest trading session, Petrobras (PBR) closed at $18.59, marking a +2.88% move from the previous day.
Petrobras: Why A Strong Q2 Is Not The Most Interesting Thing Here
Petrobras is a Buy, with cheap valuations and a visible production volume ramp offsetting oil price risks. PBR's production is set to rise ~8% by end-2027, underpinned by contracted FPSOs and efficiency gains in pre-salt assets. Near-term catalysts are geopolitical oil price support and easing subsidy-related cash flow drag as election-year effects fade.
Petrobras' second-quarter oil and gas output rises 14% from a year earlier
Brazilian state-run oil firm Petrobras on Tuesday reported total oil, gas and gas liquids production of 3.34 million barrels of oil equivalent per day in the second quarter, up 14.1% from a year earlier.
Petrobras (PBR) Stock Sinks As Market Gains: Here's Why
Petrobras (PBR) closed the most recent trading day at $18.77, moving 1.21% from the previous trading session.
Petrobras Expands Deepwater Operations With Two New FPSOs
PBR awards SBM Offshore contracts for two FPSOs in the Sergipe-Alagoas Basin, advancing deepwater oil and gas development with deliveries set for 2030 and 2031.
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Why the Market Dipped But Petrobras (PBR) Gained Today
Petrobras (PBR) closed at $17.97 in the latest trading session, marking a +2.86% move from the prior day.
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Petrobras Completes Block 3 Acquisition, Boosts Africa Strategy
PBR completes its Block 3 acquisition in Sao Tome and Principe, taking a 75% operating stake to advance offshore exploration and future reserve growth.
Price Targets
Petrobras upgraded to Outperform from Neutral at Grupo Santander
$24.00
(was $19.83)
Banco Santander
Petrobras upgraded to Outperform from Neutral at Bradesco BBI
$19.00
(was $20.54)
Vicente Neto
·
Bradesco
Petrobras price target raised to $22 from $14.60 at UBS
$22.00
(was $20.33)
Tasso Vasconcellos
·
UBS
Petrobras downgraded to Neutral from Outperform at Bradesco BBI
$17.00
(was $15.11)
Bradesco
Petrobras downgraded to Neutral from Buy at BTG Pactual
$15.00
(was $12.61)
Gustavo Cunha
·
BTG Pactual
Petrobras price target raised to $14.60 from $14.40 at UBS
$14.60
(was $12.69)
UBS
Petrobras price target lowered to $14.40 from $15.80 at UBS
$14.40
(was $12.33)
UBS
Petrobras upgraded to Buy from Hold at Jefferies
$15.30
(was $12.05)
Alejandro Anibal
·
Jefferies
Petrobras upgraded to Buy from Hold at HSBC
$15.00
(was $12.96)
HSBC
CFRA Upgrades Petrobras (PBR) to Hold
$13.00
(was $13.62)
Stewart Glickman
·
CFRA
Petrobras upgraded to Overweight from Equal Weight at Morgan Stanley
$20.00
(was $14.40)
Bruno Montanari
·
Morgan Stanley
Petrobras (PBR) PT Raised to $14 at CFRA
$14.00
(was $15.56)
Stewart Glickman
·
CFRA
Petrobras downgraded to Hold from Buy at Jefferies
$17.70
(was $16.69)
Alejandro Anibal Demichelis
·
Jefferies
HSBC Upgrades Petrobras (PBR) to Buy, 'see the recent stock price decline as a further opportunity to add'
$18.00
(was $14.95)
Liyanna Yang
·
HSBC
3 Reasons Why This Petrobas Analyst Is Bullish: 'Prior Risks Have Diminished'
$18.10
(was $14.87)
Bruno Amorim
·
Goldman Sachs
Petrobras upgraded to Hold from Underperform at Grupo Santander
$11.00
(was $8.23)
Christian Audi
·
Banco Santander