- Petrobras reported oil and gas output of 2,909 million barrels of oil equivalent per day (mboe/d) for the second quarter, which marks a 7.8% increase compared to the previous year.
- The company’s crude oil and natural gas liquids (NGL) output in Brazil reached 2,320 thousand barrels per day (Mbpd), representing a 7.6% growth year-on-year.
- Oil output specifically from the pre-salt layer was noted at 1,974 Mbpd, which is an 8.8% rise compared to the previous year.
- The sales volume for Petrobras stood at 2,983 Mbpd, showing a 1.6% increase year-on-year.
- Market analysts provided 10 buy ratings and 4 hold ratings for Petrobras, with no sell ratings reported.
A look at Petroleo Brasileiro Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts are optimistic about the long-term outlook for Petroleo Brasileiro S.A. – Petrobras based on its Smartkarma Smart Scores. With high scores in Dividend and Value, indicating strong returns and favorable valuation, the company is well-positioned to reward investors. However, lower scores in Growth and Momentum suggest potential challenges in expanding operations and market performance. Despite this, the company’s Resilience score indicates a moderate ability to withstand market fluctuations, providing some stability for investors.
As Petroleo Brasileiro operates in the oil and gas sector, its diverse operations in exploration, production, refining, and distribution of oil products across South America and globally contribute to its overall resilience. Investors may find value in the company’s consistent dividend payouts and attractive valuation, although growth prospects and market momentum may present some uncertainties in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
