Petrobras (PBR, Financial) is experiencing significant bearish activity, with put options trading three times the typical volume. A total of 15,109 put contracts have been exchanged, highlighting notable bearish sentiment among investors.
The most actively traded contracts are the weekly 10.5 and 11 puts expiring on April 25th, with a combined trading volume nearing 13,400 contracts. This heavy trading has pushed the Put/Call Ratio to 5.73, indicating a strong preference for protective or downside bets over bullish calls among traders.
Additionally, the at-the-money implied volatility (ATM IV) has increased by more than 5 percentage points in a single day, reflecting heightened uncertainty or potential price fluctuations as the company approaches its earnings announcement, which is scheduled for May 12th.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Petroleo Brasileiro SA Petrobras (PBR, Financial) is $16.14 with a high estimate of $19.00 and a low estimate of $14.00. The average target implies an upside of 41.31% from the current price of $11.43. More detailed estimate data can be found on the Petroleo Brasileiro SA Petrobras (PBR) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Petroleo Brasileiro SA Petrobras's (PBR, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Petroleo Brasileiro SA Petrobras (PBR, Financial) in one year is $11.41, suggesting a downside of 0.13% from the current price of $11.425. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Petroleo Brasileiro SA Petrobras (PBR) Summary page.
