SLB Announces Third-Quarter 2024 Results
| PBR Stock | USD 14.44 0.11 0.76% |
Slightly above 62% of Petroleo Brasileiro's investor base is looking to short. The analysis of overall sentiment of trading Petroleo Brasileiro Petrobras stock suggests that many investors are alarmed at this time. Petroleo Brasileiro's investing sentiment overview a quick insight into current market opportunities from investing in Petroleo Brasileiro Petrobras. Many technical investors use Petroleo Brasileiro stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Petroleo |
SLB today announced results for the third quarter of 2024. Third-Quarter Results Three Mont
Read at businesswire.com
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Petroleo Brasileiro Fundamental Analysis
We analyze Petroleo Brasileiro's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Petroleo Brasileiro using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Petroleo Brasileiro based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Petroleo Brasileiro is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Petroleo Brasileiro Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Petroleo Brasileiro stock to make a market-neutral strategy. Peer analysis of Petroleo Brasileiro could also be used in its relative valuation, which is a method of valuing Petroleo Brasileiro by comparing valuation metrics with similar companies.
Peers
Petroleo Brasileiro Related Equities
| E | Eni SPA | 0.91 | ||||
| SHEL | Shell PLC | 0.75 | ||||
| YPF | YPF Sociedad | 0.73 | ||||
| TTE | TotalEnergies | 0.03 | ||||
| PBR-A | Petróleo Brasileiro | 0.61 | ||||
| CVX | Chevron Corp | 0.82 | ||||
| CVE | Cenovus Energy | 1.00 | ||||
| EC | Ecopetrol | 1.36 | ||||
| XOM | Exxon | 1.38 | ||||
| BP | BP PLC | 1.51 | ||||
| EQNR | Equinor ASA | 2.31 | ||||
| TGS | Transportadora | 3.41 |
Additional Tools for Petroleo Stock Analysis
When running Petroleo Brasileiro's price analysis, check to measure Petroleo Brasileiro's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Petroleo Brasileiro is operating at the current time. Most of Petroleo Brasileiro's value examination focuses on studying past and present price action to predict the probability of Petroleo Brasileiro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petroleo Brasileiro's price. Additionally, you may evaluate how the addition of Petroleo Brasileiro to your portfolios can decrease your overall portfolio volatility.