Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Petroleo Brasileiro SA Petrobras (ADR) before investing.

In this article, we go over a few key elements for understanding Petroleo Brasileiro SA Petrobras (ADR)’s stock price such as:

• Petroleo Brasileiro SA Petrobras (ADR)’s current stock price and volume
• Why Petroleo Brasileiro SA Petrobras (ADR)’s stock price changed recently
• Upgrades and downgrades for PBR from analysts
• PBR’s stock price momentum as measured by its relative strength

About Petroleo Brasileiro SA Petrobras (ADR) (PBR)

Before we jump into Petroleo Brasileiro SA Petrobras (ADR)’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Petroleo Brasileiro S.A.-Petrobras specializes in the oil, natural gas and energy industry. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. Its segments include Exploration and Production, which covers the activities of exploration, development and production of crude oil, natural gas liquid and natural gas; Refining, Transportation and Marketing, which covers the refining, logistics, transport and trading of crude oil and oil products activities, exporting of ethanol, and extraction and processing of shale; Gas and Power, which is engaged in transportation and trading of natural gas produced in Brazil and imported natural gas; Biofuels, which covers the activities of production of biodiesel and its co-products, and ethanol-related activities; Distribution, which includes the activities of its subsidiary Petrobras Distribuidora S.A., and Corporate.

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Petroleo Brasileiro SA Petrobras (ADR)’s Stock Price as of Market Close

As of August 26, 2024, 4:00 PM, CST, Petroleo Brasileiro SA Petrobras (ADR)’s stock price was $15.65.

Petroleo Brasileiro SA Petrobras (ADR) is up 8.68% from its previous closing price of $14.40.

During the last market session, Petroleo Brasileiro SA Petrobras (ADR)’s stock traded between $14.39 and $14.54. Currently, there are 6,448.92 million shares of Petroleo Brasileiro SA Petrobras (ADR) stock available for purchase.

Petroleo Brasileiro SA Petrobras (ADR)’s price-earnings (P/E) ratio is currently at 6.6, which is low compared to the Oil & Gas - Integrated industry median of 10.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Petroleo Brasileiro SA Petrobras (ADR) Stock Price History

Petroleo Brasileiro SA Petrobras (ADR)’s (PBR) price is currently up 9.67% so far this month.

During the month of August, Petroleo Brasileiro SA Petrobras (ADR)’s stock price has reached a high of $15.73 and a low of $12.90.

Over the last year, Petroleo Brasileiro SA Petrobras (ADR) has hit prices as high as $17.91 and as low as $12.90. Year to date, Petroleo Brasileiro SA Petrobras (ADR)’s stock is up 46.95%.

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What Caused Petroleo Brasileiro SA Petrobras (ADR) Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 23, 2024, there were 2 analysts who downgraded Petroleo Brasileiro SA Petrobras (ADR)’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Petroleo Brasileiro SA Petrobras (ADR)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Petroleo Brasileiro SA Petrobras (ADR)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Petroleo Brasileiro SA Petrobras (ADR)’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Petroleo Brasileiro SA Petrobras (ADR) (PBR) by visiting AAII Stock Evaluator.

Relative Price Strength of Petroleo Brasileiro SA Petrobras (ADR)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 23, 2024, Petroleo Brasileiro SA Petrobras (ADR) has a weighted four-quarter relative price strength of -6.33%, which translates to a Momentum Score of 41 and is considered to be Average.

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Petroleo Brasileiro SA Petrobras (ADR) Stock Price: Bottom Line

As of August 26, 2024, Petroleo Brasileiro SA Petrobras (ADR)’s stock price is $15.65, which is up 8.68% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Petroleo Brasileiro SA Petrobras (ADR) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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