Petrobras Brasileiro에 대한 매도 수량은 투자자에게 Petrobras Brasileiro의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Petrobras Brasileiro (NYSE:PBR) 주식, 공매도 수량 보고

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 2023 was 2.8 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.

Large Cap

News

Movers

BMRN

New Oriental Education & Technology Group

MUFG

NICE

RIVN

지난주 이들 10개 대형주는 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 나이스(NASDAQ:NICE)의 주가는 회사가 1분기 재무 결과를 보고하고 2분기 조정 매출 지침을 예상치보다 낮은 수준으로 발표한 후 15.60% 하락했다.

리 오토는 지난주 최악의 성과를 보인 10개의 대형주 중 하나 (5월 12일-5월 18일)

Petroleo Brasileiro S.A.- Petrobras Common Stock

Petroleo Brasileiro SA Petrobras

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares

PolkaBridge

PT BARIO RNWBLE EGY U/ADR by PT BARITO RENEWABLES ENERGY TBK

<p>Goldman Sachs  analyst Bruno Amorim   maintains Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) with a Buy and raises the price target from $15.4 to $17.</p>


Price Target

Analyst Ratings

Goldman Sachs Maintains Buy on Petrobras Brasileiro, Raises Price Target to $17

<p>Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) reported quarterly earnings of $0.92 per share which beat the analyst consensus estimate of $0.78 by 17.95 percent.  The company reported quarterly sales of $23.366 billion which beat the analyst consensus estimate of $22.574 billion by 3.51 percent.  This is a 8.56 percent decrease over sales of $25.552 billion the same period last year.</p>


Earnings

Earnings Beats

PBR/A

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares Q3 2024 GAAP EPS $0.92 Beats $0.78 Estimate, Sales $23.366B Beat $22.574B Estimate

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NCSM

NINE

PUMP

RCON

Shares of oil and gas companies are trading higher After Donald Trump wins the 2024 presidential election.

<p>Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) is gearing up to announce its quarterly earnings on Thursday, 2024-11-07. Here's a quick overview of what investors should know before the release.</p>
<p>Analysts are estimating that Petrobras Brasileiro will report an <strong>earnings per share</strong> (EPS) of $0.82.</p>
<p>The announcement from Petrobras Brasileiro is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.</p>
<p>It's worth noting for new investors that guidance can be a key determinant of stock price movements.</p>
<h3>Earnings Track Record</h3>
<p>The company's EPS missed by $0.52 in the last quarter, leading to a 0.21% increase in the share price on the following day.</p>
<p>Here's a look at Petrobras Brasileiro's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.46</td>
<td>0.80</td>
<td>1.11</td>
<td>0.83</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.06</td>
<td>0.74</td>
<td>0.96</td>
<td>0.84</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>0.0%</td>
<td>-7.000000000000001%</td>
<td>-11.0%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1730901647_0.png" alt="eps graph" /></p>
<h3>Market Performance of Petrobras Brasileiro's Stock</h3>
<p>Shares of Petrobras Brasileiro were trading at $13.25 as of November 05. Over the last 52-week period, shares are down 12.83%.  Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/PBR/earnings"><strong>To track all earnings releases for Petrobras Brasileiro visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Petrobras Brasileiro Earnings Preview

<ul>
<li><i>Company to support projects in Brazil's pre-salt fields, reinforcing position as a leading provider of flexible pipe for deepwater and high CO2 projects</i></li>
<li><i>Local manufacturing boost Brazilian economy, strengthen energy supply chain</i></li>
</ul>
<p>HOUSTON and LONDON, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>), an energy technology company, announced Monday significant contracts with Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazil's pre-salt fields. The agreement was signed Oct. 15, 2024, following an open tender.</p>
<p>The multi-year project includes risers and flowlines for hydrocarbon production and associated gas and water injection with support for equipment storage, maintenance and installation. Delivery is scheduled to begin in mid-2026, and the equipment will be utilized across Petrobras' Búzios, Libra, Berbigão, Sururu and Sépia fields.</p>
<p>These systems will also address the critical issue of stress-induced corrosion cracking from CO2 (SCC-CO2), which can affect flexible pipes in pre-salt fields with high concentrations of the gas. Baker Hughes' flexible pipes have proven effective at mitigating this issue, which can arise as gas is reinjected into wells to reduce flaring and enhance oil recovery. Petrobras has committed to limiting CO2 emissions to the atmosphere in their operations, and CO2 storage is an important tool for producing lower-carbon barrels.</p>


Contracts

Baker Hughes Awarded Contracts To Supply Petrobras To Provide 77km Of Flexible Pipe Systems To Be Deployed In Brazil's Pre-Salt Fields

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Shares of oil and oil-related companies are trading lower after Israel reportedly did not damage Iran's oil sites amid strikes over the weekend.

<p>High-rolling investors have positioned themselves bearish on Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in PBR often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 8 options trades for Petrobras Brasileiro. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 25% bullish and 75% bearish. Among all the options we identified, there was one put, amounting to $915,000, and 7 calls, totaling $352,895.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $3.0 to $10.0 for Petrobras Brasileiro during the past quarter. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Petrobras Brasileiro's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Petrobras Brasileiro's substantial trades, within a strike price spectrum from $3.0 to $10.0 over the preceding 30 days.</p>
<h3>Petrobras Brasileiro 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729867551_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$1.26</td>
<td>$1.05</td>
<td>$1.22</td>
<td>$10.00</td>
<td>$915.0K</td>
<td>20.3K</td>
<td>7.5K</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$11.1</td>
<td>$10.85</td>
<td>$10.88</td>
<td>$3.00</td>
<td>$54.4K</td>
<td>290</td>
<td>280</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.9</td>
<td>$10.85</td>
<td>$10.88</td>
<td>$3.00</td>
<td>$54.4K</td>
<td>290</td>
<td>230</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.9</td>
<td>$10.85</td>
<td>$10.85</td>
<td>$3.00</td>
<td>$54.2K</td>
<td>290</td>
<td>280</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$11.05</td>
<td>$10.8</td>
<td>$10.83</td>
<td>$3.00</td>
<td>$54.1K</td>
<td>290</td>
<td>150</td>
</tr>
</tbody>
</table>
</p>
<h3>About Petrobras Brasileiro</h3>
<p>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 2023 was 2.8 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.</p>
<p>Following our analysis of the options activities associated with Petrobras Brasileiro, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of Petrobras Brasileiro</h3>
<ul>
<li>Currently trading with a volume of 2,153,874, the PBR's price is up by 1.2%, now at $13.89. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 13 days.</li>
</ul>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.</p>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Petrobras Brasileiro, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

Markets

Petrobras Brasileiro's Options: A Look at What the Big Money is Thinking

CRGY

EONR

INDO

MTDR

TRGP

Shares of energy stocks are trading lower as oil prices fall after Israel reportedly indicated it could target military sites in Iran but not oil or nuclear targets.

Guidance

Petrobras Exec Says Set To Lower Average Nat Gas Prices By 1.41% In November; CFO Says Considering Changes To Current Rules On Payment Of Extraordinary Dividends As Part Of New Strategic Plan; Might Change Current Minimum Cash Level Of $8B, Could Distribute Any Excess Of Cash To Shareholders; Would Seek A Minimum Cash Level That 'guarantees Its Operations'; Sees No Change To Rules Related To Ordinary Dividend Payments

VALE

Petrobras CEO Says Expects To Kickstart FPSO Almirante Tamandare Ops In Buzios Field By Early 2025; Working On Partnership With Miner Vale On Decarbonization Projects; Partnership With Vale Could Include Supplying Miner With Marine Fuel, Diesel With Renewable Content; Exec Says To Launch New Bid For Two FPSO Vessels For Deepwater Sergipe Project In Next Few Weeks

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Petrobras Brasileiro</strong>.</p>
<p>Looking at options history for Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) we detected 8 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.</p>
<p>From the overall spotted trades, 3 are puts, for a total amount of $129,476 and 5, calls, for a total amount of $298,150.</p>
<h3>What's The Price Target?</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $3.0 to $15.0 for Petrobras Brasileiro over the recent three months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Petrobras Brasileiro's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Petrobras Brasileiro's whale trades within a strike price range from $3.0 to $15.0 in the last 30 days. </p>
<h3>Petrobras Brasileiro Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728589551_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.35</td>
<td>$0.34</td>
<td>$0.34</td>
<td>$15.00</td>
<td>$68.0K</td>
<td>17.7K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$13.35</td>
<td>$11.4</td>
<td>$12.0</td>
<td>$3.00</td>
<td>$60.0K</td>
<td>300</td>
<td>170</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$13.35</td>
<td>$11.4</td>
<td>$11.92</td>
<td>$3.00</td>
<td>$59.6K</td>
<td>300</td>
<td>170</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$13.35</td>
<td>$11.4</td>
<td>$11.91</td>
<td>$3.00</td>
<td>$59.5K</td>
<td>300</td>
<td>120</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$12.15</td>
<td>$11.4</td>
<td>$11.9</td>
<td>$3.00</td>
<td>$59.5K</td>
<td>300</td>
<td>370</td>
</tr>
</tbody>
</table>
</p>
<h3>About Petrobras Brasileiro</h3>
<p>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 2023 was 2.8 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.</p>
<p>In light of the recent options history for Petrobras Brasileiro, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of Petrobras Brasileiro</h3>
<ul>
<li>Trading volume stands at 7,561,012, with PBR's price up by 1.83%, positioned at $14.91.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 28 days.</li>
</ul>
<h3>Professional Analyst Ratings for Petrobras Brasileiro</h3>
<p>1 market experts have recently issued ratings for this stock, with a consensus target price of $19.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from JP Morgan has elevated its stance to Overweight, setting a new price target at $19. </p>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Petrobras Brasileiro, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Petrobras Brasileiro Options Trading: A Deep Dive into Market Sentiment

CEIX

CGBS

CIVI

Shares of energy companies are trading lower, pulling back after recently rising amid Middle East tensions. China stimulus uncertainty may also be impacting the demand outlook.

<p><strong>Petrobras</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) reported a Total Utilization Factor (FUT) of 96.8% for its refineries in <a target="_blank" href="https://api.mziq.com/mzfilemanager/v2/d/25fdf098-34f5-4608-b7fa-17d60b2de47d/6df4e05e-fa33-9cbf-d4d1-b3b72cc72993?origin=2" rel="noreferrer noopener">September</a>, the highest monthly figure in 2024, bringing the third-quarter average to 95.2%.</p>
<p>The quarter also saw record pre-salt oil processing, accounting for 73% of the total load, and gasoline production reaching 6.38 million m3.</p>
<p>Asphalt production was notable as well, with 803,000 tons produced in the quarter, including records at the Reduc (32,000 tons) and Repar (51,000 tons) refineries.</p>
<p>These achievements are attributed to modernization projects, asset reliability, process optimization, and the use of innovative technologies.</p>
<p>Last week, Petrobras confirmed that its Sirius-1 and Sirius-2 gas <a target="_blank" href="https://api.mziq.com/mzfilemanager/v2/d/25fdf098-34f5-4608-b7fa-17d60b2de47d/652dc1c3-b78c-107b-6cac-9616e7f0d67d?origin=1" rel="noreferrer noopener">discoveries </a>in Colombia&#8217;s Guajira Offshore Basin hold around 6 trillion cubic feet (Tcf) of gas in place.</p>
<p>Apart from this, Petrobras&#8217; Board of Directors approved its participation in South Africa&#8217;s Deep Western Orange Basin (DWOB) block, securing a 10% stake <a target="_blank" href="https://api.mziq.com/mzfilemanager/v2/d/25fdf098-34f5-4608-b7fa-17d60b2de47d/a2b961f6-652e-a656-691a-d69ab3b752db?origin=1" rel="noreferrer noopener">through </a>a process led by TotalEnergies.</p>
<p>Investors can gain exposure to the stock via&nbsp;<strong>Global X Funds Global X Brazil Active ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRAZ#NYSE">BRAZ</a>) and <strong>Shares Latin America 40 ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ILF#NYSE">ILF</a>).</p>
<p><strong>Price Action</strong>: PBR shares are down 0.85% at $15.20&nbsp;premarket at the last check Tuesday.</p>
<p><strong>Read Next</strong>:</p>
<ul>
<li><strong><a href="https://www.benzinga.com//node/41222716" target="_blank" rel="noreferrer noopener">As Florida Prepares For One Of Deadliest Hurricanes, Here Are Some Potential Stock Winners And Losers From Milton Threat</a></strong></li>
</ul>


Equities

BRAZ

iShares Trust S&P Latin America 40 Index Fund

What's Going On With Brazilian Oil & Gas Company Petrobras Shares On Tuesday?

<p><strong>Petrobras</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbr#NYSE">PBR</a>), an&nbsp;oil and gas company of Brazil, is close to reaching an agreement with Brazil&#39;s regulators that will enable the company to start redeveloping the large Tupi oil field, a significant asset in the country&#39;s energy landscape. This redevelopment initiative is expected to not only boost Petrobras&#39; production capabilities but also reinvigorate Brazil&#39;s oil output, which has faced stagnation in recent years.</p>
<h2>Resolving the Tax Dispute: A Critical Step</h2>
<p>One of the most pressing issues for Petrobras is the long-standing tax dispute with Brazil&#39;s National Agency of Petroleum, Natural Gas and Biofuels (ANP). According to Sylvia dos Anjos, the head of exploration and production at Petrobras, the company anticipates that this dispute will be resolved by the end of 2024. Successfully settling this issue is crucial for Petrobras to extend its operating contract for Tupi, potentially for another 27 years, allowing for a more extensive and profitable development plan.</p>
<p>The heart of the conflict lies in the interpretation of tax regulations pertaining to oil fields. Petrobras argues that Tupi consists two distinct deposits &mdash;Tupi and Cernambi. Under the ANP&#39;s maintenance these are a single entity. This interpretation affects the tax rate applicable to Petrobras, with larger fields incurring higher taxes. The ongoing arbitration proceedings may soon give way to negotiations, as both parties appear ready to find common ground.</p>
<h2>Strategic Redevelopment Plans for Tupi</h2>
<p>With the potential resolution of the tax dispute, Petrobras is poised to embark on ambitious plans to drill new wells and conduct seismic research at the Tupi oil field. The company is also contemplating the addition of another floating production unit, a significant investment that can cost more than $4 billion and take several years to construct. This move would significantly enhance Petrobras&#39; ability to extract oil from Tupi, which is essential for addressing the natural decline in production rates.</p>
<p>Cesar Cunha de Souza, Petrobras&#39; executive manager for ultra-deep waters, indicated that the start date for this new production unit will be defined in the company&#39;s next strategic plan. The goal is to maximize output from Tupi through infill drilling campaigns, which are designed to improve extraction rates from a field that has been in production for over a decade.</p>
<h2>Economic Significance of Tupi</h2>
<p>The Tupi oil field is a cornerstone of Petrobras&#39; operations and Brazil&#39;s economy. In the early 2010s, Tupi propelled Brazil into the ranks of the world&#39;s top ten oil producers, generating substantial tax revenues that have been crucial for the national economy. It has been a driving force behind exploration in the pre-salt region, a hotbed for international oil investments.</p>
<p>In 2023, Tupi outperformed oil production from several countries, including Colombia, Venezuela, the United Kingdom and Argentina. This achievement underscores the field&#39;s significance not only for Petrobras but for Brazil&#39;s energy independence and economic stability.</p>
<h2>Challenges and Comparisons in Global Oil Production</h2>
<p>Despite the positive outlook for Tupi, Petrobras faces challenges similar to those experienced by other oil-producing nations. For instance, Mexico&#39;s oil output has dramatically declined since the peak of the Cantarell field in the 2000s, significantly impacting government revenues. Anjos emphasized the necessity of intensifying efforts to extract more from Tupi, stating, &quot;We&#39;re going to carry out a process to get much more out of Tupi. It&#39;s a giant field.&quot;</p>
<p>The ongoing global demand for oil makes it imperative for Petrobras to arrest the decline in production effectively. The company is committed to exploring new methodologies and technologies that can enhance extraction and efficiency, ensuring that Tupi remains a vital contributor to Brazil&#39;s energy portfolio.</p>
<h2>Production Metrics and PBR&#39;s Projections</h2>
<p>Recent data reveals that Tupi has maintained an impressive output, producing an average of 764,000 barrels of oil per day in the first eight months of 2024. This output not only surpasses that of Buzios, another field where Petrobras is expanding production but also highlights Tupi&#39;s continued importance in Brazil&#39;s energy strategy. In August, daily crude output returned to last year&#39;s level, reaching 830,000 barrels per day following the conclusion of planned maintenance on a key platform.</p>
<p>Such metrics indicate that with the right investments and strategies in place, Tupi could enhance its production capabilities even further, reinforcing Petrobras&#39; position as a leader in the oil industry.</p>
<h2>Future of Petrobras and the Tupi Oil Field</h2>
<p>As Petrobras navigates the complexities of its tax dispute with the ANP, the company&#39;s focus on the Tupi oil field exemplifies its broader strategy to secure and expand Brazil&#39;s energy resources. The outcome of these negotiations will significantly influence the future trajectory of the company and its ability to innovate and adapt to an ever-changing global oil landscape.</p>
<p>Overall, the redevelopment of Tupi is not just a crucial step for Petrobras. It is a significant chapter in Brazil&#39;s quest for energy security and economic growth. The company&#39;s commitment to resolving its tax issues and investing in new technology positions PBR to capitalize on one of the most important oil fields in the world, ensuring that Brazil remains a key player in the global energy market.</p>
<h2>PBR&#39;s Zacks Rank &amp; Key Picks</h2>
<p>Currently, PBR has a Zacks Rank of #3 (Hold).</p>
<p>Investors interested in the energy sector might look at some better-ranked stocks like <strong>Targa Resources</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trgp#NYSE">TRGP</a>) and <strong>Archrock</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aroc#NYSE">AROC</a>), each sporting a Zacks Rank #1 (Strong Buy), and <strong>Core Laboratories Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clb#NYSE">CLB</a>), carrying a Zacks Rank #2 (Buy) at present.</p>
<p>Targa Resources is valued at $34.62 billion. In the past year, its shares have risen 90%. TRGP is a leading provider of midstream energy infrastructure services in the United States. It offers a wide range of services, including gathering, processing, transportation, storage and marketing of natural gas and natural gas liquids.</p>
<p>Houston-based Archrock is valued at $3.68 billion. The oil and gas exploration and production company currently pays a dividend of 66 cents per share, or 3.03%, on an annual basis. AROC, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services.</p>
<p>Core Laboratories is valued at $929.82 million. The company currently pays a dividend of 4 cents per share, or 0.2%, on an annual basis. CLB is an oilfield services company, operating in more than 50 countries. The firm deals with providing reservoir management and production enhancement services to oil and gas companies.</p>
<p><a href="https://www.zacks.com/stock/news/2347049/petrobras-to-close-final-deal-for-redeveloping-the-tupi-oil-field?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2347049">To read this article on Zacks.com click here.</a></p>


Latin America

Mid Cap

Dividends

Small Cap

Trading Ideas

AROC

Petrobras to Close Final Deal for Redeveloping the Tupi Oil Field

Shares of energy stocks are trading higher amid a rise in oil prices after Iran on Tuesday launched a missile attack on Israel.

Shares of energy stocks are trading higher amid a rise in oil prices after Iran launched a missile attack on Israel.

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Petrobras Brasileiro</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PBR, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Petrobras Brasileiro.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 25% bullish and 62%, bearish.</p>
<p>Out of all of the special options we uncovered, 3 are puts, for a total amount of $187,469, and 5 are calls, for a total amount of $307,000.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $3.0 and $15.0 for Petrobras Brasileiro, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Petrobras Brasileiro's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Petrobras Brasileiro's whale trades within a strike price range from $3.0 to $15.0 in the last 30 days. </p>
<h3>Petrobras Brasileiro 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727454773_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$0.52</td>
<td>$0.5</td>
<td>$0.5</td>
<td>$15.00</td>
<td>$75.0K</td>
<td>10.0K</td>
<td>1.5K</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$1.73</td>
<td>$1.7</td>
<td>$1.7</td>
<td>$13.00</td>
<td>$74.4K</td>
<td>7.7K</td>
<td>438</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.7</td>
<td>$1.49</td>
<td>$1.7</td>
<td>$13.00</td>
<td>$68.4K</td>
<td>7.7K</td>
<td>1.4K</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$11.8</td>
<td>$11.35</td>
<td>$11.6</td>
<td>$3.00</td>
<td>$58.0K</td>
<td>58</td>
<td>250</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$13.05</td>
<td>$11.6</td>
<td>$11.6</td>
<td>$3.00</td>
<td>$58.0K</td>
<td>58</td>
<td>200</td>
</tr>
</tbody>
</table>
</p>
<h3>About Petrobras Brasileiro</h3>
<p>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 2023 was 2.8 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.</p>
<p>Following our analysis of the options activities associated with Petrobras Brasileiro, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of Petrobras Brasileiro</h3>
<ul>
<li>Currently trading with a volume of 4,923,147, the PBR's price is up by 0.34%, now at $14.61. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 41 days.</li>
</ul>
<h3>What The Experts Say On Petrobras Brasileiro</h3>
<p>In the last month, 1 experts released ratings on this stock with an average target price of $19.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from JP Morgan has elevated its stance to Overweight, setting a new price target at $19. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Petrobras Brasileiro with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


A Closer Look at Petrobras Brasileiro's Options Market Dynamics

CTRA

VIST

Shares of energy companies are trading higher amid a rise in oil after the Israeli military carried out an airstrike on Hezbollah headquarters in Beirut, Lebanon. Also, Israeli Prime Minister Netanyahu, in a speech to the UN, mentioned Hezbollah and said his country has "every right to remove this threat and return our citizens to their homes safely."

<p>JP Morgan  analyst Rodolfo Angele   upgrades Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) from Neutral to Overweight and raises the price target from $16.5 to $19.</p>


Upgrades

JP Morgan Upgrades Petrobras Brasileiro to Overweight, Raises Price Target to $19

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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

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