Wall Street analyst estimates for Petróleo Brasileiro S.A. - Petrobras (PBR): consensus price target and buy/hold/sell recommendations.
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.
Analyst Consensus
| Strong Buy | 0 |
| Buy | 11 |
| Hold | 8 |
| Sell | 3 |
| Strong Sell | 0 |
| Total analysts | 22 |
| Avg rating (−2 sell to +2 buy) | 0.36 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-10 | $1.21 | ||
| 2026-08-06 | $1.61 | $1.40 | +15.0% |
| 2026-05-11 | $0.96 | $1.02 | -5.9% |
| 2026-03-05 | $0.72 | $0.57 | +26.3% |
| 2025-11-06 | $0.82 | $0.79 | +3.8% |
| 2025-08-08 | $0.64 | $0.70 | -8.6% |
| 2025-05-12 | $0.62 | $0.92 | -32.6% |
| 2025-02-26 | $0.49 | $0.37 | +32.4% |
Valuation Ratios
| P/E Ratio | 5.55 |
| Price / Book | 1.35 |
| EV / EBITDA | 3.91 |
| Dividend Yield | 7.27% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $81.41B | $77.88B | $84.64B | $76.59B | $53.68B | $83.97B | $124.47B | $105.54B | $91.42B | $88.10B |
| Cost of Revenue | $55.42B | $51.20B | $52.18B | $45.73B | $29.20B | $43.16B | $59.49B | $49.90B | $45.44B | $50.10B |
| Gross Profit | $25.99B | $26.69B | $32.45B | $30.86B | $24.49B | $40.80B | $64.99B | $55.64B | $45.97B | $38.01B |
| Research & Development | $523.0M | $572.0M | $641.0M | $576.0M | $355.0M | $563.0M | $792.0M | $746.0M | $789.0M | $861.7M |
| Selling, General & Admin | $8.79B | $8.99B | $5.70B | $7.26B | $4.52B | $6.78B | $7.00B | $6.83B | $9.03B | $4.55B |
| Operating Expenses | $10.30B | $16.98B | $9.68B | $9.94B | $4.44B | $9.80B | $11.72B | $8.15B | $20.28B | $10.37B |
| Operating Income | $15.69B | $9.71B | $22.77B | $20.92B | $20.05B | $31.00B | $53.27B | $47.49B | $25.69B | $27.64B |
| EBITDA | $16.29B | $20.50B | $28.16B | $33.52B | $16.99B | $44.90B | $69.93B | $55.32B | $27.46B | $46.17B |
| Interest Expense | $6.01B | $5.41B | $4.35B | $5.42B | $4.21B | $3.28B | $2.86B | $3.05B | $3.18B | $2.99B |
| Pre-tax Income | -$3.67B | $1.51B | $10.83B | $12.00B | -$226.0M | $28.23B | $53.52B | $36.59B | $11.14B | $28.87B |
| Income Tax | $684.0M | $1.70B | $4.26B | $4.20B | -$1.17B | $8.24B | $16.77B | $10.78B | $3.54B | $9.07B |
| Net Income | -$4.84B | -$91.0M | $7.17B | $10.15B | $1.14B | $19.88B | $36.62B | $25.69B | $7.53B | $19.71B |
| EPS | $-0.22 | $-0.01 | $0.34 | $0.40 | $0.03 | $3.04 | $5.62 | $3.96 | $1.16 | $3.06 |
| EPS (Diluted) | $-0.22 | $-0.01 | $0.34 | $0.40 | $0.20 | $3.04 | $5.62 | $3.96 | $1.16 | $3.06 |
| Shares Outstanding (Diluted) | 6,522.2 M | 6,522.2 M | 6,522.2 M | 6,522.2 M | 6,522.1 M | 6,522.1 M | 6,522.1 M | 6,471.5 M | 6,446.6 M | 6,444.4 M |
Price
| Price | $22.03 (closing price, October 28, 2026) |
| Market Cap | $142.0B |
| Exchange | NYSE |
| Country | BR |
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Explore sector: Energy · Oil & Gas Integrated
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