Petroleo Brasileiro SA Petrobras experienced a price decline of 3.04%, hitting a 20-day low. This movement occurred despite a slight uptick in the broader market, with the Nasdaq-100 up 0.06% and the S&P 500 remaining flat.
The decline in Petrobras shares can be attributed to sector rotation, as energy stocks broadly rose with the NYSE Energy Sector Index gaining 0.8%. This increase reflects optimistic sentiment regarding a recovery in energy demand, which has enhanced investor confidence in the sector. However, Petrobras's performance diverged from this trend, indicating a potential shift in investor focus or concerns specific to the company.
The implications of this price movement suggest that while the energy sector is experiencing a recovery, Petrobras may face unique challenges that are impacting its stock performance. Investors may need to reassess their positions in light of these developments.
Wall Street analysts forecast PBR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PBR is 15.15 USD with a low forecast of 13.30 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast PBR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PBR is 15.15 USD with a low forecast of 13.30 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 15.520
Low
13.30
Averages
15.15
High
17.00
Current: 15.520
Low
13.30
Averages
15.15
High
17.00
BTG Pactual
Gustavo Cunha
Buy -> Neutral
downgrade
$15
2026-01-16
Reason
BTG Pactual
Gustavo Cunha
Price Target
$15
AI Analysis
2026-01-16
downgrade
Buy -> Neutral
Reason
BTG Pactual analyst Gustavo Cunha downgraded Petrobras to Neutral from Buy with a $15 price target.
JPMorgan
NULL -> Overweight
maintain
$16 -> $17
2025-09-24
Reason
JPMorgan
Price Target
$16 -> $17
2025-09-24
maintain
NULL -> Overweight
Reason
JPMorgan raised the firm's price target on Petrobras to $17 from $16 and keeps an Overweight rating on the shares. The firm says data from Sapinhoa and Tupi show stable production until recovery hit 10%, after which the water cut only rises gradually. It incorporated the updated assumptions in Petrobras' model.
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JPMorgan
Overweight
maintain
$16
2025-09-24
Reason
JPMorgan
Price Target
$16
2025-09-24
maintain
Overweight
Reason
JPMorgan raised the firm's price target on Petrobras to $16.50 from $16 and keeps an Overweight rating on the shares. The firm says data from Sapinhoa and Tupi show stable production until recovery hit 10%, after which the water cut only rises gradually. It incorporated the updated assumptions in Petrobras' model.
UBS
Buy
downgrade
2025-08-22
Reason
UBS
Price Target
2025-08-22
downgrade
Buy
Reason
UBS lowered the firm's price target on Petrobras to $14.40 from $15.80 and keeps a Buy rating on the shares.
About PBR
Petroleo Brasileiro SA Petrobras is a Brazil-based company. The Company specializes in the oil, natural gas and energy industry. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. Its segments include Exploration and Production (exploration, development, and production of crude oil, natural gas liquids, and natural gas); Refining, Transportation, and Marketing (refining, logistics, transport, trading of oil products, ethanol export, shale processing); Gas and Power (transportation and trading of natural and imported gas); Biofuels (production of biodiesel and ethanol); Distribution (fuel distribution); and Corporate (administrative and support functions).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
