Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Posts Earnings Results, Beats Estimates 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.32, Zacks reports. Petroleo Brasileiro S.A.- Petrobras had a net margin of 24.52% and a return on equity of 31.82%. The firm had revenue of $33.61 billion for the quarter, compared to analysts’ expectations of $31.46 billion.

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

Shares of Petroleo Brasileiro S.A.- Petrobras stock traded down $0.54 on Friday, reaching $17.98. The company had a trading volume of 28,482,939 shares, compared to its average volume of 14,216,550. The firm has a market cap of $115.84 billion, a PE ratio of 4.54, a PEG ratio of 0.73 and a beta of 0.33. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 0.74. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.43 and a 52-week high of $22.24. The firm’s 50 day moving average price is $17.66 and its two-hundred day moving average price is $18.16.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, August 27th. Shareholders 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 currently 11.04%.

Key Stories Impacting Petroleo Brasileiro S.A.- Petrobras

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PBR. Zacks Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Bank of America upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $18.70 to $24.80 in a research report on Friday, April 17th. Weiss Ratings raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. cut 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. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.28.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

Institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 74.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,044 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 2.9% during the 4th quarter. Vise Technologies Inc. now owns 44,031 shares of the oil and gas exploration company’s stock valued at $522,000 after purchasing an additional 1,260 shares during the period. Focus Partners Wealth raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 7.0% in the 1st quarter. Focus Partners Wealth now owns 20,631 shares of the oil and gas exploration company’s stock worth $296,000 after buying an additional 1,356 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 4.8% in 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 buying an additional 1,501 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 6.3% in the 4th quarter. Arkadios Wealth Advisors now owns 26,579 shares of the oil and gas exploration company’s stock worth $315,000 after buying an additional 1,580 shares in the last quarter.

About Petroleo Brasileiro S.A.- Petrobras

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.