Petroleo Brasileiro SA- Petrobras (PBRN) Stock Price & Analysis

PBRN Stock Chart & Stats

MX$414.00MX$3.00(0.73%)

At close: Oct 30

Day’s Range: MXN 410.50 - MXN 417.00
52-Week Range: MXN 205.30 - MXN 488.39
Previous Close: MXN 411.00
Volume: 14
Average Volume (3M): 9,509
Market Cap: MXN 2.51T
Enterprise Value: MXN 164.74B
Total Cash (Recent Filing): MXN 10.39B
Total Debt (Recent Filing): MXN 70.81B
Price to Earnings (P/E): 5.7
Beta: -0.06
Next Earnings: Nov 10, 2026 (Est.)
EPS Estimate: 24.97
Next Dividend Ex-Date: N/A
Dividend Yield: 5.81%

Bulls Say, Bears Say

Bulls Say

Production Growth And Offshore Ramp-up

Higher production volumes and substantial remaining FPSO ramp-up capacity support Petrobras’s upstream growth trajectory over the next several quarters. Successful execution across major offshore units can expand revenue, improve fixed-cost absorption, and reinforce the company’s position in Brazil’s high-quality pre-salt resource base.

Integrated Refining And Domestic Supply Strength

Strong refining utilization and higher-value product output show that Petrobras is converting its upstream resources through an integrated value chain. Lower imports and greater export capability can improve market flexibility, support domestic fuel supply, and make earnings less dependent on selling unprocessed crude alone.

Reserve Replenishment Through Frontier Exploration

The Morpho discovery adds evidence to Petrobras’s active frontier exploration strategy and may support future resource replenishment if subsequent evaluation confirms commercial potential. Maintaining access to new offshore opportunities helps extend the upstream portfolio and supports longer-term production sustainability.

Bears Say

Commodity Price And Foreign-exchange Sensitivity

Petrobras remains structurally exposed to international oil prices and foreign-exchange movements because hydrocarbons drive its revenue and many costs or obligations are currency-sensitive. A weaker commodity environment or adverse FX move could reduce margins, cash generation, and funding available for investment or distributions.

Meaningful Leverage And Uneven Cash Conversion

The debt-funded capital structure limits financial flexibility if commodity margins weaken, while moderate cash conversion means reported earnings do not consistently translate into deployable free cash. Volatile free cash flow could constrain deleveraging, investment pacing, or shareholder distributions during weaker operating periods.

Gas Policy And Regulatory Uncertainty

Changes in domestic gas regulation could alter pricing, ownership rights, and project economics across Petrobras’s gas value chain. The need to reappraise investments under shifting rules may delay decisions, reduce returns on existing plans, and make supply and capital-allocation outcomes less predictable over the medium term.

Petroleo Brasileiro SA- Petrobras News

Petrobras Logs Third Ultra-Deepwater Oil Discovery in Amapá Block FZA-M-59

Petroleo Brasileiro SA- Petrobras ( ($PBR) ) has shared an update. On October 29, 2026, Petrobras reported the completion of drilling at the Morpho well in ultra-deep waters off the

2d ago6K PBR

Cboe data shows mixed options sentiment in Petrobras with shares down 0.47%

Cboe data shows mixed options sentiment in Petrobras (PBR), with shares down 10c near $22.20. Options volume relatively light with 42k contracts traded and calls leading puts for a put/call

4d agoPBR PBR.A

Halliburton deploys ROCS technology with Petrobras

Optime, a Halliburton (HAL) service, completed the first deployment of the Optime Remote Operated Control System service in Brazil, in collaboration with Petrobras (PBR). ROCS reduces equipment requirements and streamlines

4d agoHAL PBR

Cboe data shows mixed options sentiment in Petrobras with shares down 14.05%

Cboe data shows mixed options sentiment in Petrobras (PBR), with shares down $3.67 near $22.48. Options volume more than double the daily average with 158k contracts traded and calls leading

6d agoPBR PBR.A

Option traders moderately bearish in Petrobras with shares up 2.05%

Option traders moderately bearish in Petrobras (PBR), with shares up 52c, or 2.05%, near $26.14. Options volume more than double the daily average with 127k contracts traded and puts leading

1w agoPBR PBR.A

Cboe data shows mixed options sentiment in Petrobras with shares up 0.45%

Cboe data shows mixed options sentiment in Petrobras (PBR), with shares up 12c, or 0.45%, near $25.82. Options volume relatively light with 7769 contracts traded and puts leading calls for

1w agoPBR PBR.A

Unusually active option classes on open October 16th

Unusual total active option classes on open include: Universal Display (OLED), Global Payments (GPN), Varonis (VRNS), Petrobras (PBR), Wayfair (W), Akamai (AKAM), Flagstar Financial Inc (FLG), EBay (EBAY), Sealsq Corp

2w agoW FLG

Petrobras price target raised to $28 from $22 at BofA

BofA analyst Leonardo Marcondes raised the firm’s price target on Petrobras (PBR) to $28 from $22 and keeps a Buy rating on the shares. While the 2026 election should remain

2w agoPBR PBR.A

Moderately bullish activity in Petrobras with shares up 0.26%

Moderately bullish activity in Petrobras (PBR), with shares up 6c, or 0.26%, near $25.48. Options volume roughly in line with average with 59k contracts traded and calls leading puts for

2w agoPBR PBR.A

Moderately bullish activity in Petrobras with shares up 2.94%

Moderately bullish activity in Petrobras (PBR), with shares up 70c, or 2.94%, near $24.70. Options volume roughly in line with average with 52k contracts traded and calls leading puts for

3w agoPBR PBR.A

TechnipFMC awarded flexibles contract by Petrobras

TechnipFMC (FTI) has been awarded a significant subsea contract by Petrobras (PBR), following a competitive bidding process, to supply flexible pipe systems supporting developments offshore Brazil. TechnipFMC will design, engineer,

3w agoFTI PBR

After a Huge Rally, Here’s How We’re Trading Brazilian Stocks

Brazil is home to the largest stock market in Latin America. Boosted by an election held this past weekend, Brazilian stocks are gaining traction. Earlier this year, we disclosed our

3w agoEWW EWZ

Petrobras Announces Second Oil Discovery at Ultra-Deep Morpho Well off Amapá

Petroleo Brasileiro SA- Petrobras ( ($PBR) ) has shared an update. On October 2, 2026, Petrobras reported a new oil-bearing interval at the Morpho well in block FZA-M-59, in ultra-deep

1M ago6K PBR

Petrobras Details Tax Procedures for Non-Resident Investors Ahead of 2Q26 Dividend Payout

An update from Petroleo Brasileiro SA- Petrobras ( ($PBR) ) is now available. On September 30, 2026, Petrobras reiterated details of the dividend payment approved by its board on August

1M ago6K PBR

PBRN FAQ

What was Petroleo Brasileiro SA- Petrobras’s price range in the past 12 months?

Petroleo Brasileiro SA- Petrobras lowest stock price was Mex$205.30 and its highest was Mex$488.39 in the past 12 months.

What is Petroleo Brasileiro SA- Petrobras’s market cap?

Petroleo Brasileiro SA- Petrobras’s market cap is Mex$2.51T.

When is Petroleo Brasileiro SA- Petrobras’s upcoming earnings report date?

Petroleo Brasileiro SA- Petrobras’s next earnings report is estimated for Nov 10, 2026 (not yet confirmed), which is in 8 days.

How were Petroleo Brasileiro SA- Petrobras’s earnings last quarter?

Petroleo Brasileiro SA- Petrobras released its earnings results on Aug 06, 2026. The company reported Mex$30.264 earnings per share for the quarter, beating the consensus estimate of Mex$26.357 by Mex$3.907.

Is Petroleo Brasileiro SA- Petrobras overvalued?

According to Wall Street analysts Petroleo Brasileiro SA- Petrobras’s price is currently Undervalued.

Does Petroleo Brasileiro SA- Petrobras pay dividends?

Petroleo Brasileiro SA- Petrobras does not currently pay dividends.

What is Petroleo Brasileiro SA- Petrobras’s EPS estimate?

Petroleo Brasileiro SA- Petrobras’s EPS estimate is 24.97.

How many shares outstanding does Petroleo Brasileiro SA- Petrobras have?

Petroleo Brasileiro SA- Petrobras has 3,721,115,700 shares outstanding.

What happened to Petroleo Brasileiro SA- Petrobras’s price movement after its last earnings report?

Petroleo Brasileiro SA- Petrobras reported an EPS of Mex$30.264 in its last earnings report, beating expectations of Mex$26.357. Following the earnings report the stock price went down -5.082%.

Which hedge fund is a major shareholder of Petroleo Brasileiro SA- Petrobras?

Hedge funds hold Petroleo Brasileiro SA- Petrobras shares: hedge funds increased their holdings by 1.6M shares last quarter.

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Petroleo Brasileiro SA- Petrobras Stock Smart Score

Outperform

Learn more about TipRanks Smart Score

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Company Description

Petroleo Brasileiro SA- Petrobras

Brazilian energy giant Petróleo Brasileiro S.A. (Petrobras) is deeply involved in the global oil and gas industry, conducting exploration, production, and sales activities both within Brazil and internationally. The company's diverse operations are organized into four primary business segments: Exploration and Production; Refining, Transportation, and Marketing; Gas and Power; and Corporate and Other Businesses. Overall, Petrobras’s activities span the entire hydrocarbon value chain. This includes the search for and extraction of crude oil from various sources—onshore, offshore, and unconventional formations like shale—along with its subsequent refining, processing, trading, and distribution. The company also manages natural gas, other liquid hydrocarbons, and refined petroleum products. Specifically, the Exploration and Production division focuses on discovering, developing, and extracting crude oil, natural gas liquids, and natural gas, primarily to supply the company's domestic refineries. The Refining, Transportation, and Marketing segment handles the refining, logistics, transport, commercialization, and trading of crude oil and various refined petroleum products. This unit is also responsible for ethanol exports, the extraction and processing of shale, and holds equity interests in petrochemical companies. The Gas and Power segment manages the logistics and trading of natural gas and electricity, including the transportation and commercialization of Liquefied Natural Gas (LNG). It generates electricity via thermoelectric power plants, holds stakes in natural gas transmission and distribution networks, and is engaged in both fertilizer manufacturing and natural gas processing. Finally, the Corporate and Other Businesses segment is dedicated to the production of biodiesel and its associated co-products, as well as ethanol, in addition to the distribution of various petroleum products. Petrobras was established in 1953 and its corporate headquarters are located in Rio de Janeiro, Brazil.

Petroleo Brasileiro SA- Petrobras (PBRN) Earnings & Revenues

Historic Earnings Reports

PBRN Company Deck

PBRN Earnings Call

Q2 2026

0:00 / 0:00

Earnings Call SentimentPositive

The call emphasized strong operational execution and record financial results driven by production ramp-ups, higher refining utilization and robust cash generation. Management balanced this with caution on macro volatility (Brent/FX), operating-cost pressures (freight/logistics), some short-term balance-sheet recognition from lease amendments, regulatory uncertainty (gas policy), and ongoing exposure to Braskem. Overall the positive operational and financial momentum materially outweighs the challenges noted.

View all MX:PBRN earnings summaries

PBRN Stock 12 Month Forecast

Average Price Target

MXN 425.97▲(2.89% Upside)

Past 12 Months12 Month ForecastJan2026Oct2026

HighMXN 453.50

AverageMXN 425.97

LowMXN 373.25

Detailed Analyst Forecast >

Technical Analysis

Overall Consensus

Indicator	Bullish	Neutral	Bearish
Overall Consensus	12	3	7
Technical Analysis	5	3	2
Moving Averages	7	0	5

Technical Analysis >

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Ownership Overview

<0.01% Insiders
6.07% Mutual Funds
2.02% Other Institutional Investors
90.83% Public Companies and Individual Investors

Detailed Ownership Overview >

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