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Petróleo Brasileiro S.A. - Petrobras

PBR · NYSE

Market closed$17.97$0.500000 (+2.86%)After hours $17.97 · 0.00%

Key statistics

Previous close$17.47
Open$17.64
Day high$18.00
Day low$17.64
52-week high$22.24
52-week low$11.43
Market cap115.81B
Volume14.83M
Average volume16.07M
P/E ratio5.72
Forward P/E—
EPS3.14
Dividend yield+7.28%

Market context

Why it moved

PBR shares surged as escalating U.S. military strikes on Iranian energy infrastructure and key port facilities raised significant supply disruption fears, driving crude oil prices sharply higher and boosting sentiment for oil producers like Petrobras.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Petrobras shares rose nearly 3% as the energy sector led S&P 500 gains, with oil prices jumping ~3% to $81.35 amid renewed Middle East supply concerns. The Brazilian state-run oil giant stands out as a beneficiary of elevated crude prices given its low breakeven of ~$50/barrel, and Benzinga recently highlighted it as a top undervalued energy pick with a near-perfect value score. Institutional interest has also been building, with GQG Partners disclosing a 4.99% ADR stake and the Pennsylvania public school pension system adding shares, while analysts maintain a consensus 'Moderate Buy' rating and a $19.28 average price target.

2.862

July 17, 2026Petrobras shares declined amid broader energy sector weakness, with the XLE sector ETF also falling over 1.2% on the day. Sentiment in the integrated oil space was further pressured by TotalEnergies dropping ~2.5% despite strong oil trading guidance, as concerns over weak LNG/gas results weighed on the sector. Meanwhile, analyst views on Petrobras remain divided — Zacks recently downgraded PBR to a 'strong sell,' though the consensus still holds at 'Moderate Buy' with a $19.28 average price target. Institutional activity has been mixed, with some funds trimming positions while others, including Pennsylvania's public school pension system, initiated new stakes in Q1.

-2.1837

July 16, 2026Petrobras shares closed modestly lower, edging down amid a mixed energy sector session as geopolitical tensions surrounding the U.S.-Iran conflict and Strait of Hormuz disruptions kept oil markets volatile. Despite the slight pullback, investor sentiment remains broadly constructive: the stock holds a consensus 'Moderate Buy' rating with a $19.28 average price target, and the company recently reported solid Q1 results of $0.96 EPS on $23.54B in revenue, with a special dividend of $0.1426/share payable August 27. Institutional flows have been mixed, with some funds trimming positions while others, including Pennsylvania's public school retirement system, initiated new stakes in Q1.

-0.3348

July 15, 2026Petrobras closed modestly higher, edging up amid a broader energy sector backdrop shaped by rising oil prices linked to escalating U.S.-Iran tensions in the Strait of Hormuz, which pushed crude to one-month highs near $85/barrel. Institutional activity remains in focus, with the Commonwealth of Pennsylvania Public School Employees' Retirement System initiating a new ~$12.2M stake, while Zacks recently downgraded PBR to "strong sell" — contrasting with the stock's "Moderate Buy" consensus and $19.28 average analyst price target. Investors also continue to watch an upcoming special dividend of $0.1426/share payable August 27, and full-year EPS estimates of $4.28, implying a P/E near 4x.

0.2237

July 14, 2026Petrobras shares rallied alongside a broad-based energy sector surge, with the S&P Energy Select Sector Index gaining 2.45% as renewed U.S.-Iran tensions pushed Brent crude back above $76 per barrel and closed the Strait of Hormuz. As an integrated producer, Petrobras stands to benefit from elevated oil prices, and its appeal is reinforced by a rock-bottom P/E of 5.62, a Moderate Buy consensus with a $19.28 price target, and an upcoming special dividend payable August 27—even as some institutional holders trimmed positions in Q1 and Zacks recently issued a strong sell downgrade.

3.2333

July 11, 2026Petrobras closed higher, buoyed by a constructive energy sector backdrop and a flurry of company-specific developments. The Brazilian state oil giant acquired a 75% operating stake in São Tomé's offshore Block 3, expanding its international footprint, while also signing a $58M compliance agreement with Brazil's regulator ANP and disclosing it has received ~R$4.7B in diesel subsidies from the Brazilian government. Investors are also eyeing upcoming catalysts: Petrobras scheduled its 2Q26 Production Report for July 28 and Financial Results for August 6, with a webcast on August 7. Meanwhile, Zacks downgraded the stock to Strong Sell, though the broader analyst consensus remains Moderate Buy with a $19.28 target.

1.7029

July 10, 2026Petrobras closed modestly lower as a Zacks Research downgrade to 'Strong Sell' weighed on sentiment, even as the broader consensus remains 'Moderate Buy' with a $19.28 target. The session also brought news of a $58M compliance agreement with Brazil's regulator ANP for 335 offshore wells, while geopolitical turbulence — including renewed U.S. strikes on Iran and oil price volatility — added uncertainty across the integrated energy sector. Investors are also eyeing upcoming catalysts: a 2Q26 Production Report due July 28 and Financial Results on August 6.

-1.2181

July 9, 2026Petrobras surged over 3% as oil prices spiked more than 5% after President Trump declared the interim Iran ceasefire deal 'over,' reigniting Middle East supply disruption fears and broadly lifting energy stocks. Company-specific catalysts added momentum: Petrobras received R$2.7 billion in new diesel subsidy installments (bringing the total to ~R$4.7B), signed a compliance agreement with Brazilian regulator ANP for 335 offshore wells, and announced its 2Q26 financial results are scheduled for August 6. Volume ran well above average as investors rotated into energy names.

3.4814

MarketBeat · July 16, 2026Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Given Average Recommendation of "Moderate Buy" by BrokeragesTradingView · July 16, 2026Petroleo Brasileiro S.A. Petrobras Stock 12‑Month Price Target Raised to $22.35, Implies 38% UpsideReuters · July 9, 2026Bolivia says Petrobras may return to oil and gas production, help restructure YPFBInvesting.com · May 12, 2026Earnings call transcript: Petrobras Q1 2026 beats EPS forecasts, stock dipsQuiver Quantitative · March 17, 2026Petrobras jumps as oil prices rise and investors focus on recent dividend signals | PBR Stock NewsFinviz · March 7, 2026Petroleo Brasileiro (PBR) Soars to 2-Year High on Profitability, DividendsInvesting.com · March 6, 2026Earnings call transcript: Petrobras beats Q4 2025 expectations, stock surges
Mt Newswire · June 23, 2026Update: Petrobras, Petroleos Mexicanos Sign MoU Focused on Exploration in Gulf of Mexico, Industrial Processes
Mt Newswire · June 23, 2026Sector Update: Energy
Mt Newswire · June 23, 2026Market Chatter: Petrobras, Petroleos Mexicanos Sign Oil Exploration, Refining Deal
Benzinga · June 23, 2026'Pemex and Petrobras to Team Up on Oil and Refining Projects' - Bloomberg
Mt Newswire · June 22, 2026Petrobras Approves $1.2 Billion Renewable Fuels Project in Brazil
Mt Newswire · June 10, 2026Sector Update: Energy
Benzinga · June 10, 2026Petrobras Strikes Agreement With Equinor Brasil Energia To Acquire 50% Stake In Itaimbezinho Block; Financial Terms Undisclosed
Benzinga · May 29, 2026SBM Offshore Wins Petrobras Contracts To Build And Operate Two Brazil FPSOs Through 2031

Peers

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