Short interest for Petrobras Brasileiro gives investors a sense of the degree to which investors are betting on the decline of Petrobras Brasileiro's stock. Short interest data is updated every two weeks.

Petrobras Brasileiro Stock (NYSE:PBR), Short Interest Report

Petrobras Brasileiro

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.

Jim Cramer Photo by s_bukley on Shutterstock

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Petrobras (NYSE: PBR), the renowned Brazilian state-run oil and gas company, has recently unveiled its ambitious plans to boost its sustainable energy portfolio.

Petrobras to Build Solar Power at Its Three Refineries

Rio,De,Janeiro,Rj,Brazil,-,05.17.2023:,Facade,Of,The

Long Ideas

Social Media

Emerging Markets

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Opinion

Redditor SunsetKittens suggests Petrobras stock is undervalued at $15.50 with strong financial metrics and potential for growth despite uncertainty under Lula&#39;s administration. Mixed opinions from investors.

Will Brazil&#39;s President &#39;Kill The Golden Goose That Funds His Government?&#39;: Redditor Argues Petrobras Stock Offers Great Value

Petroleo Brasileiro S.A.- Petrobras Common Stock

Petroleo Brasileiro SA Petrobras

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares

PolkaBridge

Investors with a lot of money to spend have taken a bullish stance on Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PBR, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 22 uncommon options trades for Petrobras Brasileiro.
This isn't normal.
The overall sentiment of these big-money traders is split between 77% bullish and 18%, bearish.
Out of all of the special options we uncovered, 12 are puts, for a total amount of $4,721,123, and 10 are calls, for a total amount of $641,384.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $20.0 for Petrobras Brasileiro over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Petrobras Brasileiro's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Petrobras Brasileiro's whale activity within a strike price range from $15.0 to $20.0 in the last 30 days. 
<h3>Petrobras Brasileiro 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714419052_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$5.5</td>
<td>$3.0</td>
<td>$3.52</td>
<td>$20.00</td>
<td>$3.5M</td>
<td>40.2K</td>
<td>0</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$0.38</td>
<td>$0.31</td>
<td>$0.32</td>
<td>$15.00</td>
<td>$560.0K</td>
<td>32.7K</td>
<td>17.5K</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$1.28</td>
<td>$1.22</td>
<td>$1.28</td>
<td>$16.00</td>
<td>$136.5K</td>
<td>929</td>
<td>837</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$0.77</td>
<td>$0.7</td>
<td>$0.7</td>
<td>$17.00</td>
<td>$125.7K</td>
<td>6.2K</td>
<td>6.8K</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$0.4</td>
<td>$0.36</td>
<td>$0.4</td>
<td>$17.00</td>
<td>$94.1K</td>
<td>13.4K</td>
<td>9.1K</td>
</tr>
</tbody>
</table>

<h3>About Petrobras Brasileiro</h3>
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.
Having examined the options trading patterns of Petrobras Brasileiro, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Petrobras Brasileiro's Current Market Status</h3>
<ul>
<li>Trading volume stands at 12,155,328, with PBR's price up by 1.14%, positioned at $17.25.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 11 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Petrobras Brasileiro options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Petrobras Brasileiro Unusual Options Activity For April 29

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Petrobras Exec Says Co Hopes To Resume Operations At Parana Nitrogen Fertilizer Plant By 2025 'if Everything Goes Right'

Dividends

Brazil Government Proposes In Shareholders Meeting That Petrobras Pays Out 50% Of Extra Dividends Relative To 2023 Results

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer &nbsp;recommended selling Petróleo Brasileiro S.A. &#8211; Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>). &#8220;I like PBR the beer more than I like PBR the <a href="https://www.benzinga.com/news/24/04/38382267/petrobras-to-build-solar-power-at-its-three-refineries">oil company,&#8221; he added</a>.
Cramer recommended buying Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>).
On April 4, Wells Fargo analyst Michael Blum maintains Enterprise Products Partners with an Overweight rating and raised the price target from $32 to $33, while Scotiabank analyst Tristan Richardson maintained the stock with a Sector Outperform and boosted the price target from $31 to $32.
Cheniere Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>) is &#8220;terrific,&#8221; Cramer said.
The &#8220;Mad Money&#8221; host recommended buying Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>). &#8220;I think you have a real winner,&#8221; he noted.
On April 16, Recursion named Najat Khan, PhD, as chief R&amp;D officer and chief commercial officer.
Cramer said Casey&#8217;s General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) is a &#8220;winner&#8221; and recommended buying the stock.
On April 16, Evercore ISI Group analyst Michael Montani maintained Casey&#8217;s General with an Outperform and lowered the price target from&nbsp;$350&nbsp;to&nbsp;$345.
Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) is a buy, Cramer said.
On Monday, critics of Broadcom dismissed the U.S. chipmaker's revisions to its cloud licensing practices, arguing that the changes fail to resolve their concerns over alleged price increases, unfair software licensing <a href="https://www.benzinga.com/government/24/04/38377159/broadcom-faces-backlash-over-licensing-eu-trade-groups-demand-investigation">terms, and product bundling</a>.
Price Action:
<ul>
<li>Petroleo Brasileiro shares rose 0.1% to settle at $16.96 on Tuesday.</li>
<li>Broadcom shares gained 2% to settle at $1,249.19.</li>
<li>Casey's General Stores shares fell 0.1% to close at $313.32 on Tuesday.</li>
<li>Enterprise Products Partners shares fell 0.3% to close at $28.91.</li>
<li>Recursion Pharmaceuticals shares rose 1.3% to settle at $7.70 on Tuesday.</li>
<li>Cheniere Energy shares fell 1% to close at $158.90 on Tuesday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38396543/meta-likely-to-report-higher-q1-earnings-here-are-the-recent-forecast-changes-from-wall-streets-mos">Meta Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
Photo: Shutterstock

Jim Cramer Says This Energy Stock Is 'Terrific,' Calls Casey's General Stores A 'Winner'

Petrobras (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbr#NYSE">PBR</a>), the renowned Brazilian state-run oil and gas company, has recently unveiled its ambitious plans to boost its sustainable energy portfolio.
This strategic move involves the potential installation of 48 megawatts&nbsp;of solar energy capacity across three of its refineries. Such a significant leap toward renewable energy integration not only highlights Petrobras&#39; commitment to environmental sustainability but also positions it as a frontrunner in the global energy transition.
<h3>Advancing Toward Decarbonization</h3>
The decision to use solar power aligns seamlessly with Petrobras&#39; overarching vision for decarbonization. By leveraging the photovoltaic (PV) technology, the company aims to mitigate its carbon footprint while boosting operational efficiency. These PV projects are set to begin power generation operations by 2025 and will be strategically situated at the following refineries:
Gabriel Passos (Regap) Refinery: The Gabriel Passos Refinery (Regap) is a petroleum refinery located in Betim, Minas Gerais, Brazil. Regap is the largest refinery in Minas Gerais and the third largest in Brazil. It has a processing capacity of 24,000 cubic meters per day (150,000 barrels per day) and produces a wide range of petroleum products, including gasoline, diesel, jet fuel, liquefied petroleum gas&nbsp;and petrochemicals.
Abreu e Lima (Rnest) Refinery: The Abreu e Lima Refinery (Rnest) is a petroleum refinery located in Abreu e Lima, Pernambuco, Brazil. Rnest is the second-largest refinery in Brazil, with a processing capacity of 360,000 barrels per day. It produces many petroleum products, including gasoline, diesel, jet fuel, LPG and petrochemicals.
Paulinia (Replan) Refinery: The Paulinia Refinery (Replan) is a petroleum refinery located in Paul&iacute;nia, S&atilde;o Paulo, Brazil. Replan is the fourth largest refinery in Brazil, with a processing capacity of 325,000 barrels per day. It also produces petroleum products, including gasoline, diesel, jet fuel, LPG and petrochemicals.
<h3>Strategic Implications</h3>
Enhanced Integration and Operational Reliability: The integration of photovoltaic plants into refinery operations not only facilitates improved integration but also enhances operational reliability. Petrobras aims to strengthen its operational resilience by diversifying its energy mix.
Mitigation of Greenhouse Gas Emissions:&nbsp;One of the primary drivers behind Petrobras&#39; foray into solar energy is the company&#39;s commitment to mitigating greenhouse gas emissions. By transitioning toward renewable energy sources, the company seeks to curtail its environmental impact, thereby contributing to global efforts aimed at combating climate change.
Solar Initiative:&nbsp;Petrobras&#39; strategic investment in solar energy highlights its solid commitment to energy transition. By prioritizing sustainability alongside profitability, the company aims to spearhead a paradigm shift within the energy sector, setting a precedent for other industry players to emulate.
<h3>Decarbonization Fund: A Catalyst for Change</h3>
The implementation of these solar energy projects is expected to happen through Petrobras&#39; Decarbonization Fund. This fund, boasting a substantial budget of $1 billion for the 2024-2028 period, serves as a catalyst for transformative change within the organization. By allocating financial resources toward sustainable initiatives, Petrobras reaffirms its commitment to environmental stewardship and corporate responsibility.
<h3>Portfolio Diversification</h3>
Offsetting Carbon Emissions: The three solar projects, set for implementation, are part of a broader portfolio, including 33 schemes financed by the Decarbonization Fund. Collectively, these initiatives are projected to offset 1.52 million tons of carbon dioxide (CO2) emissions annually, a feat equivalent to neutralizing the carbon footprint of an entire refinery.
Long-Term Sustainability:&nbsp;Petrobras aims to promote long-term sustainability by diversifying its energy portfolio and embracing renewable energy solutions, while also future-proofing its operations against changing regulatory landscapes and market dynamics.
<h3>Conclusion</h3>
Petrobras&#39; announcement regarding the installation of 48 MW of solar energy capacity at three of its refineries marks a milestone in the company&#39;s journey toward decarbonization and sustainability. By leveraging solar power to drive operational efficiency and mitigate greenhouse gas emissions, Petrobras reaffirms its position as a leader in the global energy transition.
As the company continues to prioritize sustainability alongside profitability, it sets a commendable example for its peers within the energy sector, laying the groundwork for a greener and more sustainable future.
Zacks Rank and Key Picks
Currently, PBR carries a Zacks Rank #3 (Hold).&nbsp;&nbsp;
Investors interested in the energy sector might look at some better-ranked stocks like Murphy USA Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/musa#NYSE">MUSA</a>) and Archrock, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aroc#NYSE">AROC</a>), each sporting a Zacks #1 Rank (Strong Buy), and Sunoco LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sun#NYSE">SUN</a>), carrying a Zacks #2 Rank (Buy) at present.
Murphy USA is valued at approximately $8.68 billion. In the past year, the company&#39;s shares have surged 49.9%.
MUSA markets retail motor fuel products and convenience merchandise, operating retail stores under the brands Murphy USA, Murphy Express and QuickChek.
Archrock is valued at $3.04 billion. The company currently pays a dividend of 66 cents per share, or 3.4%, on an annual basis.
AROC, together with its subsidiaries, works as an energy infrastructure company in the United States. The company operates under two segments &mdash; Contract Operations and Aftermarket Services.
Sunoco is valued at $5.6 billion. It is a major wholesale motor fuel distributor in the United States, distributing over 10 fuel brands through long-term contracts with more than 10,000 convenience stores, thereby ensuring consistent cash flow.
SUN&#39;s extensive distribution network across 40 states provides a robust and reliable source of income, and the Brownsville terminal expansion should add to its revenue diversification.
<a href="https://www.zacks.com/stock/news/2260325/petrobras-pbr-to-build-solar-power-at-its-three-refineries?cid=CS-BENZ-FT-analyst_blog|company_news_-_energy_sector-2260325">To read this article on Zacks.com click here.</a>

Deep-pocketed investors have adopted a bullish approach towards Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PBR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Petrobras Brasileiro. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 8 are puts, totaling $1,156,763, and 4 are calls, amounting to $325,402.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.0 to $20.0 for Petrobras Brasileiro over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Petrobras Brasileiro options trades today is 17092.2 with a total volume of 6,320.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Petrobras Brasileiro's big money trades within a strike price range of $12.0 to $20.0 over the last 30 days.
<h3>Petrobras Brasileiro 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713796282_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.85</td>
<td>$5.15</td>
<td>$5.4</td>
<td>$20.00</td>
<td>$273.2K</td>
<td>35.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.95</td>
<td>$5.4</td>
<td>$5.4</td>
<td>$20.00</td>
<td>$273.2K</td>
<td>35.1K</td>
<td>513</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.9</td>
<td>$5.4</td>
<td>$5.4</td>
<td>$20.00</td>
<td>$266.7K</td>
<td>35.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.5</td>
<td>$2.1</td>
<td>$2.1</td>
<td>$15.00</td>
<td>$189.0K</td>
<td>10.6K</td>
<td>320</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.4</td>
<td>$5.25</td>
<td>$5.4</td>
<td>$20.00</td>
<td>$147.4K</td>
<td>35.1K</td>
<td>433</td>
</tr>
</tbody>
</table>

<h3>About Petrobras Brasileiro</h3>
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.
Following our analysis of the options activities associated with Petrobras Brasileiro, we pivot to a closer look at the company's own performance.
<h3>Current Position of Petrobras Brasileiro</h3>
<ul>
<li>With a trading volume of 4,701,251, the price of PBR is up by 1.09%, reaching $16.65.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 18 days from now.</li>
</ul>
<h3>What The Experts Say On Petrobras Brasileiro</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $17.7.
<ul>
<li>An analyst from HSBC has elevated its stance to Buy, setting a new price target at $18. </li>
<li>An analyst from UBS has decided to maintain their Buy rating on Petrobras Brasileiro, which currently sits at a price target of $17. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Petrobras Brasileiro options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Decoding Petrobras Brasileiro's Options Activity: What's the Big Picture?

Electric and digital-ready completions will support Petrobras' move toward production system electrification, increasing completion reliability and improving production availability

Contracts

SLB Awarded Three Completion Contracts For Petrobras' Buzios Field; Financial Terms Not Disclosed

In a recent Reddit post, user SunsetKittens shares insights on why Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) stock presents a compelling investment opportunity. Known for previous successful stock picks like United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) and Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>), SunsetKittens now focuses on Petrobras, a state-owned oil <a href="https://www.benzinga.com/topic/brazil">company in Brazil</a>.
The iShares Inc iShares MSCI Brazil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWZ#NYSE">EWZ</a>) offers exposure to Brazil equity markets. Petrobras stock holds second place in EWZ in terms of allocation, at 9.36% of the portfolio.
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"> 
<div class="wp-block-embed__wrapper">
<blockquote class="reddit-embed-bq" style="height:316px" ><a href="https://www.reddit.com/r/stocks/comments/1bzo8pr/pbr_petrobras_a_great_value_stock/">PBR Petrobras &#8211; a great Value Stock</a> by<a href="https://www.reddit.com/user/SunsetKittens/">u/SunsetKittens</a> in<a href="https://www.reddit.com/r/stocks/">stocks</a></blockquote>
<script async src="https://embed.reddit.com/widgets.js" charset="UTF-8"></script></div>
</figure>
<h2 class="wp-block-heading">Petrobras As A Value Investment</h2>
SunsetKittens points out that Petrobras is currently trading at around $15.50, offering a market cap of over $100 billion. With strong financial metrics, including $4.80 per share in free cash flow in 2023 and a break-even oil price of $20 per barrel, Petrobras appears undervalued in the market.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/03/37626987/petrobras-reportedly-pulls-back-on-dividends">Petrobras Reportedly Pulls Back On Dividends</a>
<h2 class="wp-block-heading">Assessing Risks Under President Lula&#8217;s Administration</h2>
Despite a decrease in dividend yield, SunsetKittens sees potential for future growth, although acknowledges uncertainty regarding government policies under President Lula Da Silva&#8216;s administration. Lula&#8217;s focus on green energy initiatives raises questions about potential interference in Petrobras&#8217; operations, reminiscent of similar concerns faced by other companies like Meta Platforms in 2023.
&#8220;Now like Zuck chasing the Metaverse Lula will be chasing green energy a tad. But will he kill the golden goose that funds his government?&#8221; Sunsetkittens said.
However, SunsetKittens remains optimistic, drawing parallels between Petrobras and successful investments like Meta. With only 30% of its oil sold internationally, Petrobras benefits from domestic price controls, ensuring stable profits even amid global market fluctuations.
<h2 class="wp-block-heading">Responses from the Investment Community</h2>
Responses from fellow Redditors offer mixed opinions, reflecting ongoing debates within the investment community. While some highlight risks associated with government intervention and market volatility, others see Petrobras as an attractive long-term investment opportunity, especially considering its strong position in the oil market.
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"> 
<div class="wp-block-embed__wrapper">
<blockquote class="reddit-embed-bq" ><a href="https://www.reddit.com/r/stocks/comments/1bzo8pr/comment/kytgl7u/">Comment</a> by<a href="https://www.reddit.com/user/SunsetKittens/">u/SunsetKittens</a> from discussion<a href="https://www.reddit.com/r/stocks/comments/1bzo8pr/pbr_petrobras_a_great_value_stock/"><no value></no></a> in<a href="https://www.reddit.com/r/stocks/">stocks</a></blockquote>
<script async src="https://embed.reddit.com/widgets.js" charset="UTF-8"></script></div>
</figure>
<h2 class="wp-block-heading">Petrobras &#8211; A Value Proposition in Flux</h2>
Petrobras offers a unique value proposition for investors willing to navigate potential risks. As the debate continues, it remains to be seen whether Petrobras will maintain its status as a lucrative investment or face challenges under changing government policies.
Read Next: <a href="https://www.benzinga.com/news/24/04/38136952/marjorie-taylor-greene-issues-warning-whats-happening-in-brazil-could-happen-in-america-amid-elon-mu">Marjorie Taylor Greene Issues Warning: &#8216;What&#8217;s Happening In Brazil Could Happen In America&#8217; Amid Elon Musk&#8217;s X Account Blocking Controversy</a>
Photo: Shutterstock

Will Brazil's President 'Kill The Golden Goose That Funds His Government?': Redditor Argues Petrobras Stock Offers Great Value

Management

Petrobras CEO To Remain In Charge Of Brazil Oil Giant As Lula Dispute Cools

Financial giants have made a conspicuous bearish move on Petrobras Brasileiro. Our analysis of options history for Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) revealed 13 unusual trades.
Delving into the details, we found 23% of traders were bullish, while 76% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $9,721,872, and 6 were calls, valued at $314,446.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $14.0 to $20.0 for Petrobras Brasileiro over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Petrobras Brasileiro options trades today is 13434.9 with a total volume of 27,313.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Petrobras Brasileiro's big money trades within a strike price range of $14.0 to $20.0 over the last 30 days.
<h3>Petrobras Brasileiro Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712684748_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.15</td>
<td>$5.6</td>
<td>$6.0</td>
<td>$20.00</td>
<td>$6.0M</td>
<td>35.1K</td>
<td>10.0K</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.45</td>
<td>$2.53</td>
<td>$3.5</td>
<td>$17.00</td>
<td>$3.5M</td>
<td>16.8K</td>
<td>10.0K</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$0.33</td>
<td>$0.32</td>
<td>$0.33</td>
<td>$17.00</td>
<td>$69.6K</td>
<td>11.4K</td>
<td>48</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$0.1</td>
<td>$0.09</td>
<td>$0.09</td>
<td>$14.50</td>
<td>$67.5K</td>
<td>22.7K</td>
<td>89</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$0.32</td>
<td>$0.19</td>
<td>$0.32</td>
<td>$17.00</td>
<td>$65.8K</td>
<td>11.4K</td>
<td>4.2K</td>
</tr>
</tbody>
</table>

<h3>About Petrobras Brasileiro</h3>
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.
Following our analysis of the options activities associated with Petrobras Brasileiro, we pivot to a closer look at the company's own performance.
<h3>Current Position of Petrobras Brasileiro</h3>
<ul>
<li>With a volume of 9,320,081, the price of PBR is up 1.53% at $15.88. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 31 days.</li>
</ul>
<h3>Professional Analyst Ratings for Petrobras Brasileiro</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $17.666666666666668.
<ul>
<li>Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Petrobras Brasileiro with a target price of $17. </li>
<li>Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Petrobras Brasileiro, targeting a price of $17. </li>
<li>An analyst from HSBC upgraded its action to Buy with a price target of $18. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Petrobras Brasileiro options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Unpacking the Latest Options Trading Trends in Petrobras Brasileiro

Financial giants have made a conspicuous bearish move on Petrobras Brasileiro. Our analysis of options history for Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) revealed 12 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $3,227,388, and 2 were calls, valued at $144,550.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $13.0 to $20.0 for Petrobras Brasileiro during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Petrobras Brasileiro's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Petrobras Brasileiro's whale trades within a strike price range from $13.0 to $20.0 in the last 30 days. 
<h3>Petrobras Brasileiro 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712349939_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$2.7</td>
<td>$0.0</td>
<td>$1.8</td>
<td>$13.00</td>
<td>$1.2M</td>
<td>7.0K</td>
<td>7.0K</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.2</td>
<td>$6.2</td>
<td>$6.2</td>
<td>$20.00</td>
<td>$1.1M</td>
<td>34.2K</td>
<td>0</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$7.85</td>
<td>$6.2</td>
<td>$6.2</td>
<td>$20.00</td>
<td>$436.5K</td>
<td>34.2K</td>
<td>2.5K</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$0.39</td>
<td>$0.34</td>
<td>$0.35</td>
<td>$16.00</td>
<td>$97.9K</td>
<td>16.5K</td>
<td>5.2K</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$0.32</td>
<td>$0.29</td>
<td>$0.32</td>
<td>$15.00</td>
<td>$93.9K</td>
<td>106.2K</td>
<td>4.1K</td>
</tr>
</tbody>
</table>

<h3>About Petrobras Brasileiro</h3>
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.
In light of the recent options history for Petrobras Brasileiro, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Petrobras Brasileiro</h3>
<ul>
<li>With a trading volume of 23,328,719, the price of PBR is down by -0.64%, reaching $15.42.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 35 days from now.</li>
</ul>
<h3>What The Experts Say On Petrobras Brasileiro</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $17.25.
<ul>
<li>Reflecting concerns, an analyst from B of A Securities lowers its rating to Neutral with a new price target of $16.</li>
<li>In a positive move, an analyst from HSBC has upgraded their rating to Buy and adjusted the price target to $18. </li>
<li>An analyst from Goldman Sachs has decided to maintain their Buy rating on Petrobras Brasileiro, which currently sits at a price target of $17. </li>
<li>An analyst from UBS persists with their Buy rating on Petrobras Brasileiro, maintaining a target price of $17. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Petrobras Brasileiro options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Check Out What Whales Are Doing With PBR

WIIM

Petrobras shares are trading higher after Brazilian minsters reached an agreement for the company to pay extraordinary dividends.

<a href="https://oglobo.globo.com/blogs/malu-gaspar/coluna/2024/04/ministros-de-lula-selam-acordo-pelo-pagamento-de-dividendos-extras-da-petrobras.ghtml" title="https://oglobo.globo.com/blogs/malu-gaspar/coluna/2024/04/ministros-de-lula-selam-acordo-pelo-pagamento-de-dividendos-extras-da-petrobras.ghtml">https://oglobo.globo.com/blogs/malu-gaspar/coluna/2024/04/ministros-de-lula-selam-acordo-pelo-pagamento-de-dividendos-extras-da-petrobras.ghtml</a>

Brazilian Ministers Reach Agreement For Petrobras To Pay Extraordinary Dividends

Prates' Dismissal As Petrobras CEO Is Imminent, BNDES Head Mercadante Seen As Contender For The Job

Whales with a lot of money to spend have taken a noticeably bearish stance on Petrobras Brasileiro.
Looking at options history for Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $186,760 and 5, calls, for a total amount of $274,998.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $17.0 for Petrobras Brasileiro during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Petrobras Brasileiro options trades today is 16650.33 with a total volume of 12,503.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Petrobras Brasileiro's big money trades within a strike price range of $15.0 to $17.0 over the last 30 days.
<h3>Petrobras Brasileiro Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712158269_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$1.09</td>
<td>$1.0</td>
<td>$1.0</td>
<td>$15.00</td>
<td>$116.3K</td>
<td>4.1K</td>
<td>1.5K</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.43</td>
<td>$1.38</td>
<td>$1.43</td>
<td>$15.00</td>
<td>$59.0K</td>
<td>12.4K</td>
<td>16</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$0.21</td>
<td>$0.19</td>
<td>$0.21</td>
<td>$15.00</td>
<td>$55.9K</td>
<td>17.4K</td>
<td>2.8K</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.87</td>
<td>$0.8</td>
<td>$0.87</td>
<td>$16.00</td>
<td>$41.4K</td>
<td>2.5K</td>
<td>482</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$0.21</td>
<td>$0.19</td>
<td>$0.21</td>
<td>$15.00</td>
<td>$39.0K</td>
<td>17.4K</td>
<td>6.0K</td>
</tr>
</tbody>
</table>

<h3>About Petrobras Brasileiro</h3>
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.
Having examined the options trading patterns of Petrobras Brasileiro, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Petrobras Brasileiro</h3>
<ul>
<li>With a volume of 6,471,141, the price of PBR is down -0.26% at $15.59. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 37 days.</li>
</ul>
<h3>Professional Analyst Ratings for Petrobras Brasileiro</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $17.25.
<ul>
<li>Showing optimism, an analyst from HSBC upgrades its rating to Buy with a revised price target of $18. </li>
<li>Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Petrobras Brasileiro with a target price of $17. </li>
<li>In a cautious move, an analyst from B of A Securities downgraded its rating to Neutral, setting a price target of $16. </li>
<li>An analyst from Goldman Sachs persists with their Buy rating on Petrobras Brasileiro, maintaining a target price of $17. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Petrobras Brasileiro with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Petrobras Brasileiro Unusual Options Activity For April 03

Petrobras Brasileiro shares are trading higher after HSBC upgraded the stock from Hold to Buy.

UBS analyst Luiz Carvalho maintains Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) with a Buy and raises the price target from $17.2 to $17.4.

Price Target

Analyst Ratings

PBR/A

UBS Maintains Buy on Petrobras Brasileiro, Raises Price Target to $17.4

HSBC analyst Lilyanna Yang upgrades Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) from Hold to Buy and announces $18 price target.

Upgrades

HSBC Upgrades Petrobras Brasileiro to Buy, Announces $18 Price Target

Investors with a lot of money to spend have taken a bearish stance on Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with PBR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Petrobras Brasileiro.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the options we uncovered, 8 are puts, for a total amount of $672,438, and there was 1 call, for a total amount of $29,000.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $13.0 and $15.0 for Petrobras Brasileiro, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Petrobras Brasileiro's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Petrobras Brasileiro's whale trades within a strike price range from $13.0 to $15.0 in the last 30 days. 
<h3>Petrobras Brasileiro Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710946071_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/22/24</td>
<td>$14.50</td>
<td>$220.0K</td>
<td>18.1K</td>
<td style="text-align: right;">29</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/22/24</td>
<td>$14.00</td>
<td>$180.0K</td>
<td>42.0K</td>
<td style="text-align: right;">9</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$13.00</td>
<td>$99.2K</td>
<td>2.4K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$14.00</td>
<td>$48.2K</td>
<td>50.7K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/24</td>
<td>$15.00</td>
<td>$38.6K</td>
<td>1.4K</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Petrobras Brasileiro</h3>
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.
In light of the recent options history for Petrobras Brasileiro, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Petrobras Brasileiro</h3>
<ul>
<li>Trading volume stands at 4,581,689, with PBR's price down by -0.34%, positioned at $14.48.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 51 days.</li>
</ul>
<h3>What The Experts Say On Petrobras Brasileiro</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $16.8.
<ul>
<li>An analyst from Goldman Sachs persists with their Buy rating on Petrobras Brasileiro, maintaining a target price of $17. </li>
<li>An analyst from B of A Securities has revised its rating downward to Neutral, adjusting the price target to $16. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Petrobras Brasileiro with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Petrobras Brasileiro's Options Frenzy: What You Need to Know

It's over. The seven-week battle over dividends at oil stock Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) has finally reached a conclusion. And shareholders, who are very ...

Petrobras (NYSE:PBR) Settles Dividend Struggle, Shares Surge

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/industries/energy/">Energy stocks</a> provide investors with an opportunity to diversify their portfolios. A particularly good time to look for energy stocks to buy is during times of inflation. Rising oil and gas prices allow these stocks to act as a hedge.



That dynamic can be seen in the performance of the iShares U.S. Oil &amp; Gas Exploration ETF (CBOE:<a href="https://investorplace.com/stock-quotes/ieo-stock-quote/">IEO</a>). The index has an average return of 16.65% in the last five years compared to the 14.6% return of the S&amp;P 500 index. And in 2024, the IEO index is up 16.8%, with the S&amp;P 500 up just 7.5%.&nbsp;(CBOE:<a href="https://investorplace.com/stock-quotes/ieo-stock-quote/">IEO</a>). The index has an average return of 16.2% in the last five years compared to the 14.6% return of the S&amp;P 500 index. And in 2024, the IEO index is up 16%, with the S&amp;P 500 up just 7.5%.&nbsp;



Much of the S&amp;P&rsquo;s underperformance has come in April. But with some leading economic indicators projecting the possibility of a period of higher-than-normal inflation, with slowing economic growth (i.e., stagflation) energy stocks are likely to outperform the market for the rest of the year.&nbsp;



That means it&rsquo;s not too late to get in on the energy trade. Here are three energy stocks to buy with the potential for significant upside coupled with attractive dividend yields.



<h2>Chevron (CVX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/cvx-stock-10-300x169.jpg" alt="CVX stock"><div>Source: tishomir / Shutterstock.com</div></div>Chevron (NYSE:<a href="https://investorplace.com/stock-quotes/cvx-stock-quote/">CVX</a>) is an integrated oil and gas company that appears to be only at the beginning of a bullish rally. The company delivered its first-quarter earnings report on April 26. Earnings were down year-over-year (YOY) due to slimmer margins on the company&rsquo;s refined product sales and lower natural gas prices.&nbsp;That was partially offset by <a href="https://chevroncorp.gcs-web.com/static-files/1803b06a-4480-4440-9dda-7b2af788d0f6" target="_blank">increased U.S. oil production,</a> which is why <a href="https://investorplace.com/earning-results/2024/04/cvx-stock-earnings-chevron-for-q1-of-2024/" target="_blank">profits were still higher than analysts&rsquo; forecast.</a>



Chevron continues to have a fortress balance sheet, which generated $6.8 billion in cash flow from operations in its most recent quarter. The oil and gas giant also rewarded shareholders with $3 billion in share buybacks and an equal amount in dividends. That dividend has a yield of 3.93% and has been growing for 37 consecutive years.



CVX stock is down 1.1% in the last 12 months but is up 11% year-to-date. Analysts are projecting an additional 15% increase in the stock price at the high end. At a forward P/E ratio of 13.02x, the stock still trades at a significant value to the broader market.



<h2>Kinder Morgan (KMI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/kmi-stock-300x169.jpg" alt="kinder morgan (KMI) sign on grass"><div>Source: JHVEPhoto/Shutterstock.com</div></div>Kinder Morgan (NYSE:<a href="https://investorplace.com/stock-quotes/kmi-stock-quote/">KMI</a>) is a midstream oil company. That means it&rsquo;s responsible for moving products such as crude oil and natural gas through a network of pipelines. One reason to own KMI stock is that the company owns one of the largest networks of pipelines in North America.&nbsp;



Those agreements come with large, multi-year contracts that ensure consistent revenue. However, the company&rsquo;s profitability relies in large part on the <a href="https://investorplace.com/2024/04/3-oil-and-gas-stocks-that-will-soar-on-a-gop-win/" target="_blank">price of the underlying commodity.</a> That&rsquo;s a reason KMI stock has been range-bound for much of the last five years.



Kinder Morgan is heavily focused on natural gas. As the company <a href="https://www.marketbeat.com/earnings/transcripts/104815/" target="_blank">made note of in its conference call,</a> utility companies throughout the United States are warning of significant natural gas demand, largely coming from data centers that will need to meet the demands of artificial intelligence (<a href="https://investorplace.com/stock-quotes/ai-stock-quote/">AI</a>).



That demand wasn&rsquo;t reflected in Kinder Morgan&rsquo;s most recent earnings report. Analysts have yet to weigh on the earnings report. But with KMI stock already up 5.5% for the year, bullish analyst sentiment combined with increased natural gas demand will make this one of the energy stocks to buy to beat the market.&nbsp;



<h2>SLB (SLB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/slb-stock-300x169.jpg" alt='A zoomed in image of the logo for "Schlumberger" reflecting light on a smooth tan stone tiled wall.'><div>Source: Valentin Martynov / Shutterstock.com</div></div>SLB (NYSE:<a href="https://investorplace.com/stock-quotes/slb-stock-quote/">SLB</a>) is the company formerly known as Schlumberger. The company provides products and services for the upstream oil and gas industry. One of the company&rsquo;s specialties is providing assistance for offshore oil drilling. It is a more environmentally friendly way to extract oil.



And despite OPEC&rsquo;s pledge to cut oil production, SLB expects to see increased demand in 2024 for offshore drilling in Saudi Arabia. The company has also scored some additional wins in the form of <a href="https://www.slb.com/news-and-insights/newsroom/press-release/2024/slb-awarded-three-completion-contracts-for-petrobras%E2%80%99-buzios-field" target="_blank">three new contracts</a> from Petrobras (NYSE:<a href="https://investorplace.com/stock-quotes/pbr-stock-quote/">PBR</a>).



That bullish outlook should allow investors to focus on SLB stock, which looks fundamentally undervalued. In the company&rsquo;s first quarter 2024 earnings report, it reported a 13% year-over-year (YOY) increase in revenue, and a 19% YOY increase in earnings per share (<a href="https://investorplace.com/stock-quotes/eps-stock-quote/">EPS</a>). Since the earnings report, analysts are weighing in with ratings and average price targets that support a potential 28% upside in the stock.



On the date of publication, Chris Markoch had a long position in CVX. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"> Publishing Guidelines.</a>
<div>Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/stock-market-crash-alert-3-must-buy-energy-stocks-when-prices-plunge/">Stock Market Crash Alert: 3 Must-Buy Energy Stocks When Prices Plunge</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Stock Market Crash Alert: 3 Must-Buy Energy Stocks When Prices Plunge

Bank of America Securities analyst Caio Ribeiro maintained a Hold rating on Petroleo Brasileiro SA- Petrobras (PBR – Research Report) yesterday and...

Maintaining Hold on Petrobras: Balancing Solid Production with Operational Challenges and Competitive Yields

Petrobras' Q1 oil production rises but sales fall

Morgan Stanley analyst Bruno Montanari maintained a Hold rating on Petroleo Brasileiro SA- Petrobras (PBR – Research Report) today and set a price ...

Maintaining Hold on Petrobras Amidst Stable Performance and Policy-Related Volatility

Despite concerns over demand and interest rates and the volatile geopolitical landscape impacting oil prices, OPEC projects a surge in fuel consumption for the summer season. Therefore, investors could consider adding fundamentally strong energy stocks Petróleo Brasileiro (PBR), APA Corp. (APA), and Forum Energy (FET) to their watchlists. Keep reading… Investors are riding high on energy shares, capitalizing on surging oil prices and a resilient economy, while also bracing for potential inflationary pressures. In 2024, the S&amp;P 500 energy sector has soared more than 9%, outpacing the broader index's year-to-date return of 7.3%.
Given this backdrop, it could be wise to add fundamentally strong energy stocks Petróleo Brasileiro S.A. - Petrobras (<a href="https://stocknews.com/stock/PBR/">PBR</a>), APA Corporation (<a href="https://stocknews.com/stock/APA/">APA</a>), and Forum Energy Technologies, Inc. (<a href="https://stocknews.com/stock/FET/">FET</a>) to one's watchlist.
Recently, oil prices have been grappling with concerns about demand and the impact of elevated interest rates, leading to the potential for the <a href="https://www.reuters.com/business/energy/oil-steadies-heads-weekly-drop-us-economy-worries-2024-05-03/">steepest weekly loss</a> in three months. Nevertheless, OPEC foresees <a href="https://www.reuters.com/business/energy/opec-sees-robust-summer-oil-demand-economic-upside-potential-2024-04-11/">strong fuel consumption</a> during the upcoming summer season.
Looking forward to increased travel activity, OPEC anticipates a significant year-on-year rise in global jet/kerosene fuel demand by 600,000 bpd in the second quarter, accompanied by a 400,000-bpd increase in gasoline demand and a 200,000-bpd uptick in diesel demand.
In its latest monthly report, OPEC projects a notable surge in worldwide oil demand, estimating an increase of 2.25 million barrels per day (bpd) in 2024 and a further 1.85 million bpd in 2025. Despite acknowledging potential risks, OPEC remains hopeful about continued economic growth in 2024.
Maintaining its economic outlook, OPEC forecasts global economic growth of 2.8% for 2024, with the U.S. economy expected to contribute to increased fuel demand during the traditional summer period.
Moreover, the World Bank cautioned about the potential for an energy shock if a major conflict erupts in the Middle East, which could propel <a href="https://www.cnbc.com/2024/04/25/middle-east-escalation-could-trigger-energy-shock-that-fuels-inflation-world-bank-warns.html">oil prices beyond $100 per barrel</a>. Recent tensions in the region, particularly between Israel and OPEC member Iran, have heightened concerns, hinting at the precarious geopolitical landscape in the area.
Meanwhile, OPEC+ has decided to prolong its voluntary oil <a href="https://www.reuters.com/business/energy/some-opec-members-agree-extend-voluntary-cuts-q2-sources-2024-03-03/">output cuts of 2.2 million barrels per day</a> (bpd) into the second quarter. Such production cuts, coupled with geopolitical tensions, are fueling concerns about supply constraints.
However, non-OPEC+ countries, particularly the United States, are expected to drive world supply growth through 2025. Global output is forecasted to surge by 770 kb/d to 102.9 mb/d in 2024, with non-OPEC+ production expanding by 1.6 mb/d. Further growth is expected next year, with global output likely to <a href="https://www.iea.org/reports/oil-market-report-april-2024">rise by 1.6 mb/d</a>.
In addition, with the significant dependence on oil, energy companies providing services in drilling, assessment, production, and upkeep are positioned for substantial growth. By 2027, the global oilfield services market is expected to reach a substantial valuation of $346.45 billion, exhibiting a <a href="https://www.fortunebusinessinsights.com/industry-reports/oilfield-service-market-100174">CAGR of 6.6%</a>.  
Now, let's delve deeper into the fundamentals of the featured stocks in detail:
Petróleo Brasileiro S.A. - Petrobras (<a href="https://stocknews.com/stock/PBR/">PBR</a>)
Based in Rio de Janeiro, Brazil, PBR is engaged in the exploration, production, and sale of oil and gas both domestically and internationally. It operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. PBR's activities encompass prospecting, drilling, refining, processing, trading, and transportation of crude oil from onshore and offshore fields, as well as shale or other rocks.
The oil and gas giant reported that its first-quarter production of oil, natural gas, and NGLs rose 3.7% from the prior-year level. Total hydrocarbon production reached 2,776 million barrels of oil equivalent (boe) per day, with crude oil production specifically rising by 4.4% to 2.24 million boe per day.
This increase in production can be attributed to the ramp-up of five FPSOs—Almirante Barroso, P-71, Anna Nery, Anita Garibaldi, and Sepetiba, as well as the commencement of production from 19 new wells in the Campos and Santos Basin.
Despite the production increase, total exports decreased by 4.4% year over year. While oil exports rose by 2.5% sequentially, they declined by 11.3% compared to the previous year. PBR attributed this drop to disruptions in the maritime freight transport route caused by conflicts in the Middle East, which altered the flow of oil exports.
During the fourth quarter (ended December 31, 2023), PBR's sales revenue stood at $27.11 billion, while its gross profit increased marginally from the year-ago value to $14.65 billion. Its operating income and net income amounted to $8.02 billion and $6.28 billion, respectively, in the same period. In addition, it reported an <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> of $13.47 billion.
As of December 31, 2023, the company's cash and cash equivalents came in at $12.73 billion, representing an impressive 59.2% year-over-year increase, compared to $7.99 billion as of December 31, 2022.
In terms of forward non-GAAP P/E, PBR is trading at 4.56x, 57.1% lower than the industry average of 10.65x. Likewise, the stock's forward EV/EBITDA and Price/Sales multiples of 2.96 and 1.10 are 49% and 25.9% lower than the industry averages of 5.80x and 1.48x, respectively.
The consensus EPS estimate of $0.98 for the fiscal second quarter (ending June 2024) represents a 7.2% improvement year-over-year. The consensus revenue estimate of $26.26 billion for the current quarter indicates a 14.9% increase from the same period last year. The company has an impressive earnings surprise history, surpassing the consensus EPS estimates in three of the trailing four quarters.
Moreover, its revenue and EBITDA have grown at impressive CAGRs of 10.5% and 22.3%, respectively, over the past three years. Also, its levered FCF has increased at a 16% CAGR over the same period.
Over the past year, the stock has gained 71.6% to close the last trading session at $17.34.
PBR's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Quality and a B for Momentum. Among the 42 stocks in the A-rated <a href="https://stocknews.com/category/foreign-oil-gas/">Foreign Oil &amp; Gas</a> industry, it is ranked #20. <a href="https://stocknews.com/stock/PBR/">Click here</a> to see the other ratings of PBR for Growth, Value, Stability, and Sentiment.
APA Corporation (<a href="https://stocknews.com/stock/APA/">APA</a>)
APA is an energy company that explores, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). It operates in the United States, Egypt, and the offshore United Kingdom in the North Sea, Suriname, and other international locations.
On April 1, 2024, the company completed the acquisition of Callon Petroleum Company (<a href="https://stocknews.com/stock/CPE/">CPE</a>), a move aimed at driving improved capital productivity, performance, and significant cost synergies. With the addition of Callon, APA's daily reported production is set to reach approximately 500,000 barrels of oil equivalent (BOE), with around two-thirds originating from the Permian Basin.
In the latest earnings report, the company reported that it had increased the expected annual cost synergies by 50% to $225 million. As a result, APA's U.S. oil production is forecasted to surge by over 80% from the fourth quarter of 2023 to the expected fourth quarter of 2024.
APA also updated its full-year 2024 guidance, planning to invest $2.7 billion in upstream oil and gas capital for the year. The company anticipates operating an average of around ten rigs in the United States as APA actively manages and optimizes its combined rig fleet to enhance operational efficiency and maximize value for shareholders.
APA's total revenues amounted to $1.95 billion in the first quarter that ended March 31, 2024, with a 2.5% year-over-year uptick in revenues from oil production. The company's adjusted earnings came in at $237 million and $0.78 per share in the same period. Also, it generated net cash from operating activities of $368 million and an adjusted EBITDAX of $1.24 billion.
As of March 31, 2024, APA's cash and cash equivalents stood at $102 million, compared to $87 million as of December 31, 2023.  
In terms of forward non-GAAP P/E, APA is trading at 5.78x, 45.7% lower than the industry average of 10.65x. Its forward EV/EBITDA multiple of 2.83 is 51.1% lower than the industry average of 5.80. In addition, its forward EV/EBIT ratio of 4.45 is 54.3% lower than the industry average of 9.74.
Street expects APA's EPS to increase 53.9% year-over-year in the second quarter (ending June 30, 2024) to $1.31. Its revenue for the current quarter is projected to amount to $1.92 billion. Further, APA is expected to witness EPS growth of 11.5% and 5.6% year-over-year, reaching $5.05 and $5.33 in the fiscal years 2024 and 2025, respectively.
Its revenue and EBITDA have grown at impressive CAGRs of 17.6% and 27.5%, respectively, over the past three years. Likewise, its EPS has improved significantly at a 651% CAGR over the same period.
However, the stock has plunged 3.5% over the past three months to close the last trading session at $29.18.
APA's POWR Ratings reflect this promising outlook. The company has an overall B rating, which translates to Buy in our proprietary rating system.
It also has a B grade for Value and Quality. In the 82-stock <a href="https://stocknews.com/category/energy-oil-gas/">Energy - Oil &amp; Gas</a> industry, it is ranked #16. To see additional POWR Ratings for APA for Growth, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/APA/">click here</a>.
Forum Energy Technologies, Inc. (<a href="https://stocknews.com/stock/FET/">FET</a>)
FET designs, manufactures, and distributes products catering to the global oil, natural gas, industrial, and renewable energy industries. It operates through three segments: Drilling &amp; Downhole; Completions; and Production. The company offers a range of products and services for drilling, well construction, and artificial lift.
Earlier this year, FET acquired Variperm Energy Services, a leading manufacturer of customized downhole technology solutions providing sand and flow control products for heavy oil applications.
The strategic acquisition, which totals $150 million in cash and 2 million shares of FET's common stock, is well-aligned with its existing operations and is expected to yield mutual benefits for legacy FET and Variperm products. It also enhances the company's downhole and artificial lift product portfolio.
Following this move, FET realigned its reportable segments, now operating in Drilling and Completions; and Artificial Lift and Downhole. Neal Lux, President and Chief Executive Officer, highlighted the impact of the acquisition on the company's financial results in the first quarter of 2024, including a 9% sequential revenue growth, a 69% increase in EBITDA, and a 460-basis point expansion in EBITDA margins.
In terms of forward non-GAAP P/E, FET is trading at 8.58x, 19.4% lower than the industry average of 10.65x. Likewise, the stock's forward EV/Sales and EV/EBITDA multiples of 0.45 and 3.59 are 77.9% and 38% lower than the industry averages of 2.04x and 5.80x, respectively.
For the fiscal first quarter that ended March 31, 2024, FET's revenue increased 7.1% year-over-year to $202.40 million. Its gross profit grew 22.5% from the prior year to $63.80 million. The company's adjusted operating income of $10.70 million indicates a growth of 33.7% year-over-year.
In addition, the company's adjusted EBITDA increased 47.5% from the previous year to $26.10 million. Its cash and cash equivalents stood at $48.50 million as of March 31, 2024, compared to $46.20 million as of December 31, 2023.
Analysts expect FET's revenue to increase 18.4% year-over-year to $875.10 million for the current year, while its EPS is expected to be $1.11 in the same period. For the fiscal year 2025, its revenue and EPS are projected to increase 5.4% and 92.3% year-over-year to $922.35 million and $2.14, respectively.
Moreover, the stock's revenue and tangible book value have grown at CAGRs of 12.9% and 13.8% over the past three years, respectively.
FET's shares have gained 2.1% over the past three months to close the last trading session at $19.39.
It's no surprise that FET has an overall rating of B, which equates to Buy in our proprietary rating system. It has an A grade for Momentum and a B for Growth, Stability, and Sentiment. Out of 51 stocks in the <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry, it is ranked #10.
In addition to the POWR Ratings we've stated above, we also have FET's ratings for Value and Quality. Get all FET ratings <a href="https://stocknews.com/stock/FET/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
PBR shares were trading at $16.59 per share on Friday afternoon, down $0.07 (-0.42%). Year-to-date, PBR has gained 5.13%, versus a 7.93% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/pbr-apa-fet-cpe-may-2024-energy-stocks-watchlist/>May 2024 Energy Stocks Watchlist</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

May 2024 Energy Stocks Watchlist

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