Brazilian state oil company Pertobras shows incredible performance this year.
Petroleo Brasileiro S.A., or Petrobras S.A., (PBR) is the largest integrated energy firm in Brazil and one of the largest in Latin America. The company’s activities include: exploration, exploitation and production of oil from reservoir wells, shale and other rocks, as well as refining, processing, trading and transportation of oil and oil products, natural gas and other fluid hydrocarbons, in addition to other energy-related activities. The company operates in five segments: Exploration and Production, Refining, Transportation and Marketing, Distribution, Gas and Power. Petrobras has a total of 7,028 megawatts (MW) of installed capacity. Biofuels: The unit deals with renewable energy programs, including biodiesel, agricultural supplies, vegetable oil extraction and ethanol.
Let’s look at figures
|Market Capitalization, $K||100,570,800|
|Shares Outstanding, K||6,522,101|
|Annual Sales, $||83,966 M|
|Annual Net Income, $||19,875 M|
|Last Quarter Sales, $||27,189 M|
|Last Quarter Net Income, $||8,605 M|
|% of Institutional Shareholders||11.89%|
|Short Volume Ratio||0.43|
|5-Year Revenue Growth||3.15%|
|5-Year Earnings Growth||510.26%|
|5-Year Dividend Growth||0.00%|
|Most Recent Earnings||1.29 on 05/05/22|
|Next Earnings Date||05/13/22|
|Earnings Per Share ttm||3.64|
|EPS Growth vs. Prev Qtr||98.46%|
|EPS Growth vs. Prev Year||4,200.00%|
|Annual Dividend Rate, $||2.59|
|Annual Dividend Yield||17.18%|
|Most Recent Dividend||0.561 on 05/24/22|
|Next Ex-Dividends Date||05/24/22|
|Dividend Payable Date||06/27/22|
|Dividend Payout Ratio||45.53%|
|Most Recent Split||2-1 on 05/08/08|
The board of directors of PBR announced a dividend of $1.2984 per share on May 17, increasing $0.5894 from the previous dividend. This represents a dividend yield of 28.6%.
PBR paid an annual dividend of $0.61 on September 1, 2021. Its $0.91 annual dividend yields 4% at the current share price. Also, it has a four-year average dividend yield of 4%.
For the first quarter ending March 31, 2022, PBR’s sales revenues increased 64.4% year-over-year to R$141.64 billion ($29.01 billion). The operating income improved 93.3% from its year-ago value to R$63.58 billion ($13.02 billion), while its net income grew 3409.6% from its prior-year quarter to R$44.78 billion ($9.17 billion).
The consensus EPS estimate of $0.94 for the third quarter ending September 2022 represents a 99.1% improvement year-over-year. Analysts expect revenue to increase 54.9% year-over-year to $32.84 billion for the second quarter ending June 2022. The company’s shares have surged 40.4% year-to-date and 52.7% over the past nine months.
PBR’s strong fundamentals are reflected in its POWR Ratings. The stock has an overall B rating, which equates to Buy in our POWR Ratings system. PBR has an A grade for Quality and Momentum. Within the A-rated Foreign Oil & Gas industry, it is ranked #15 of 41 stocks.