Petrobras Brasileiro Option Alert: Sep 19 $16 Puts at the Bid: 3000 vs 3009 OI; Earnings 5/20 Before Open [est] 

Petrobras Brasileiro Option Alert: Sep 19 $16 Puts at the Bid: 3000 @ $5.24 vs 3009 OI; Earnings 5/20 Before Open [est] Ref=$11.295

Petrobras Brasileiro (NYSE:PBR) Bolsa

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 2024 was 2.7 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.

Petroleo Brasileiro S.A.- Petrobras Common Stock

Petroleo Brasileiro SA Petrobras

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares

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News

Petrobras CEO Reportedly Says Could Have Decision On Operator For Fertilizer Plants In Three Month's Time; Says Operation On Sergipe And Bahia's Fertilizer Plants To Resume By Year's End, Says Petrobras Wants More Control Over Chemical Firm Braskem; Says Petrobras To Make Effort To Cut Costs And Simplify Projects For 2026-2030 Strategic Plan

Petrobras CEO Chambriard Reportedly Says Africa Is Main Area Of Expansion For Firm Outside Of Brazil; Says Ivory Coast Extended Red Carpet For The Firm To Explore Country's Coast, Petrobras Will Participate In July Bidding Round For Exploratory Blocks In India; Petrobras Was Outbid By France's Total For Share Of Galp's Mopane Field;  Petrobras Still Expects To Be Invited To Help Develop Galp's Mopane Field; Petrobras' Next Five-Year Strategic Plan Proposes Drilling Of 30 Wells

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SHEL

Shares of oil stocks are trading higher amid an OPEC+ decision to keep output levels unchanged.

TotalEnergies SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) shares are trading higher premarket on Tuesday. On Monday, the company disclosed the commencement of oil production from Mero-4, the fourth development phase of the Mero field in Brazil&#8217;s Santos Basin, 180 km <a target="_blank" href="https://www.benzinga.com/news" rel="noreferrer noopener">off the coast of Rio de Janeiro</a>.
The Mero field is a unitized project operated by Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) (38.6%)&nbsp;in partnership with TotalEnergies (19.3%), Shell&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>)&nbsp;Shell Brasil (19.3%), CNPC (9.65%), CNOOC (9.65%), <a target="_blank" href="https://totalenergies.com/news/press-releases/brazil-first-oil-mero-4" rel="noreferrer noopener">and</a> Pré-Sal Petróleo S.A. (PPSA) (3.5%), which represents the Brazilian government in the non-contracted area.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/25/05/45514510/totalenergies-bets-on-ksi-lisims-lng-acquires-developer-stake-and-supply" rel="noreferrer noopener">TotalEnergies Bets On Ksi Lisims LNG, Acquires Developer Stake And Supply</a>
Launched in August 2021, Mero-4 connects 12 wells to the new Alexandre de Gusmão FPSO, which has <a target="_blank" href="https://www.shell.com/news-and-insights/newsroom/news-and-media-releases/2025/libra-consortium-announces-first-oil-from-mero-four-fpso-in-brazil-pre-salt.html?eid=DM2766676&amp;bid=-1066711846" rel="noreferrer noopener">a</a> production capacity of 180,000 barrels per day. The project incorporates low-emission design features, including gas reinjection and zero routine flaring.
With this launch, Mero&#8217;s total capacity reaches 770,000 b/d across five FPSOs, contributing approximately 100,000 boe/d to TotalEnergies at full capacity.
Nicolas Terraz, president of Exploration &amp; Production of TotalEnergies, said, &#8220;The start-up of Mero-4 marks the end of the development of this world-class field, with the commissioning of four FPSOs in three years, and the start of a long-term production phase generating robust free cash flow.&#8221;
&#8220;With its vast resources and high productivity, the Mero field delivers low-cost and low-emission oil production in line with our company strategy and contributes significantly to the achievement of our objective to grow our production by 3% per year between 2024 and 2030.&#8221;
Shell&#8217;s Upstream President Peter Costello added, &#8220;Mero-4 is the latest example of how we are working with our partners to unlock value from world-class reservoirs, sustaining material liquids production and providing for the world&#8217;s current energy needs.&#8221;
&#8220;Our Brazil portfolio features long-life assets with high flow rates, resulting in some of our most competitive barrels on both operating cost and carbon footprint,&#8221; Costello added.
Investors can gain exposure to the stock via First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIPX#NYSE">EIPX</a>) and The 2023 ETF Series Trust II GMO International Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMOI#NYSE">GMOI</a>)
Price Action: TTE shares are trading higher by 1.59% to $58.81 premarket at last check Tuesday.
Read Next:
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</ul>
Image via Shutterstock

Equities

Large Cap

Movers

First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF

EIPX

The 2023 ETF Series Trust II GMO International Value ETF

GMOI

Why Is TotalEnergies Stock Trading Higher On Tuesday?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>Jefferies analyst Alejandro Demichelis upgraded Petróleo Brasileiro S.A. &#8211; Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) from Hold to Buy and announced a $15.3 price target. Petrobras Brasileiro shares closed at $12.15 on Wednesday. <a href="https://www.benzinga.com/quote/pbr/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. analyst Mitchell Kapoor upgraded the rating for CytomX Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTMX#NASDAQ">CTMX</a>) from Neutral to Buy and maintained the price target of $5. CytomX Therapeutics shares closed at $2.38 on Wednesday. <a href="https://www.benzinga.com/quote/ctmx/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Scotiabank analyst Konark Gupta upgraded the rating for CAE (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CAE#TSX">CAE</a>) from Sector Perform to Sector Outperform and announced a C$42 price target. <a href="https://www.benzinga.com/quote/cae/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Aaron Rakers upgraded Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) from Equal-Weight to Overweight and raises the price target from $72 to $75. Cisco shares closed at $61.29 on Wednesday. <a href="https://www.benzinga.com/quote/csco/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying CTMX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="599" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15081526/image-180-1024x599.png" alt="" class="wp-image-916400" style="width:650px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15081526/image-180-1024x599.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15081526/image-180-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15081526/image-180-768x449.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/15081526/image-180.png 1133w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

Upgrades

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

CSCO

CTMX

TSX:CAE

This CytomX Therapeutics Analyst Turns Bullish; Here Are Top 4 Upgrades For Thursday

Jefferies analyst Alejandro Demichelis upgrades Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) from Hold to Buy and announces $15.3 price target.

Price Target

Jefferies Upgrades Petrobras Brasileiro to Buy, Announces $15.3 Price Target

<a href="https://www.bloomberg.com/news/articles/2025-05-13/petrobras-ceo-vows-belt-tightening-to-navigate-lower-oil-prices?embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-05-13/petrobras-ceo-vows-belt-tightening-to-navigate-lower-oil-prices?embedded-checkout=true</a>

General

'Petrobras CEO Vows Belt Tightening to Navigate Lower Oil Prices'- Bloomberg

Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) reported quarterly earnings of $0.92 per share which met the analyst consensus estimate. This is a 24.32 percent increase over earnings of $0.74 per share from the same period last year. The company reported quarterly sales of $21.07 billion which missed the analyst consensus estimate of $21.64 billion by 2.62 percent. This is a 11.34 percent decrease over sales of $23.77 billion the same period last year.

Earnings

Earnings Misses

Petrobras Brasileiro Q1 EPS $0.92, Inline, Sales $21.07B Miss $21.64B Estimate

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Earnings Scheduled For May 13, 2025

Shares of energy stocks are trading lower amid a drop in the price of oil. Oil fell on reports suggesting OPEC+ agreed to production increases in June.

In the current market session, Petrobras Brasileiro Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) price is at $11.58, after a 0.96% spike. However, over the past month, the stock fell by 20.57%, and in the past year, by 32.96%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1745517620_0.png" alt="Past Year Chart" />

<h3>Petrobras Brasileiro P/E Compared to Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 30.66 in the Oil, Gas &amp; Consumable Fuels industry, Petrobras Brasileiro Inc. has a lower P/E ratio of 9.89. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1745517620_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

P/E Ratio Insights for Petrobras Brasileiro

HESM

Shares of energy stocks are trading higher as the price of oil rises. Oil has gained amid overall market strength following US Treasury Secretary Scott Bessent's reported remarks about trade de-escalation with China. Recent Iran sanctions may also be driving supply uncertainty.

Shares of energy stocks are trading lower as oil falls amid US-Iran talks.

Shares of energy stocks are up as oil prices rise amid US sanctions on Iran.

These large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) shares plummeted 13.16%. President Donald Trump closed the "de minimis" loophole, a trade exemption that allowed foreign e-commerce companies to ship low-cost packages <a href="https://www.benzinga.com//node/44714336" target="_blank" rel="noreferrer noopener">(under $800) into the U.S. tariff-free</a>.</li>
<li>Petroleo Brasileiro S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) stock sank 11.96% as stocks pulled back after surging earlier following President Trump's tariff pause announcement.</li>
<li>CarMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) shares dived 9.72% after the company reported fourth-quarter<a href="https://www.benzinga.com//node/44733776" target="_blank" rel="noreferrer noopener"> results and missed its EPS estimate.</a> Several analysts cut<a href="https://www.benzinga.com/quote/kmx/analyst-ratings" target="_blank" rel="noreferrer noopener"> the price forecast on the stock</a>.</li>
<li>Aptiv PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) stock decreased 9.58%. UBS analyst Joseph Spak downgraded the rating from Buy to Neutral and lowered <a href="https://www.benzinga.com/quote/aptv/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast from $91 to $58</a>.</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) stock was down 8.74% after the company disclosed that shipments declined 9% year-over-year to around <a href="https://www.benzinga.com//node/44763932" target="_blank" rel="noreferrer noopener">1.2 million units in the first quarter</a>.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) shares tumbled 8.51%.</li>
<li>Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) shares dipped 8.30%. U.S. President confirmed in a conversation with reporters at his Oval Office that<a href="https://www.benzinga.com//node/44756157" target="_blank" rel="noreferrer noopener"> pharmaceutical companies would face tariffs</a>.</li>
<li>Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) stock fell 8.09% last week amid an overall market reversal on US-China trade tensions. Volatility in the 30-year mortgage rate could also affect housing demand.</li>
<li>Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) shares declined 7.56% as escalating trade tensions between the U.S. and China threaten to derail the e-commerce <a href="https://www.benzinga.com//node/44704439" target="_blank" rel="noreferrer noopener">giant's international business model</a>.</li>
<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) stock fell 7.37% last week amid U.S.-China trade announcements and overall market weakness.</li>
</ol>
Photo by Paulm1993 via Shutterstock

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These Large-Cap Stocks With China And EU Exposure Got Crushed In The One Of The Most Volatile Trading Week (Apr 7-Apr 11): Are These In Your Portfolio?

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Shares of energy companies are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

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Shares of oil and gas companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

- Brazil's Petrobras CEO Tells Reuters

Brazil's Petrobras CEO Says May Not Change Prices For Fuels While Scenario Remains Turbulent; Will Not Bring International Scenario Jitters To The Domestic Market

Shares of energy stocks are trading lower as crude oil falls to 2021 levels, following OPEC+'s decision to accelerate production hikes. The market is also grappling with fears of a recession, fueled by President Trump's recent tariff announcements and China's retaliatory measures, which have heightened concerns over global demand.

Shares of energy stocks are trading lower as oil prices fall after OPEC+ producers accelerated output hikes. Additionally, President Trump's recent tariff announcements and China's retaliatory tariffs on the US have driven further demand uncertainty.

Press Releases

SLB OneSubsea awarded major contract by Petrobras for two ultra-deepwater projects offshore Brazil

Commodities

PETROBRAS ANNOUNCES OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND COMMENCEMENT OF CASH TENDER OFFERS

PETROBRAS ANNOUNCES EXPIRATION AND EXPIRATION DATE RESULTS OF CASH TENDER OFFERS

Offerings

PETROBRAS ANNOUNCES CLOSING OF OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND FINAL RESULTS AND SETTLEMENT OF CASH TENDER OFFERS

SLB Awarded Integrated Services Contract for All Petrobras' Offshore Fields in Brazil

Chevron

Ecopetrol S.A. American Depositary Shares

Ecopetrol

Equinor

Occidental Petroleum Corporation Common Stock

Occidental Petroleum

Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares)

Shell

TotalEnergies

Exxon Mobil

Jefferies

Comments

Petrobras Brasileiro

Unusual Options Activity for

Noticias

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