PBR

Petrobras stock rose 2.34% to $26.22 on October 23, 2026, outperforming a declining broader market. The company is expected to report strong Q3 earnings on November 10 with EPS of $1.21 (up 47.56% YoY) and revenue of $31.84 billion (up 35.62% YoY).

Analyst estimates have been revised upward 24.53% over the past month, though the stock holds a Zacks Rank of #3 (Hold). Trading at a Forward P/E of 4.28, below the industry average of 7.69, Petrobras appears undervalued.

Petrobras (PBR), Brazil's largest integrated energy firm, is highlighted as a stock to watch with a #3 (Hold) Zacks Rank and an A-rated VGM Score. The stock has gained 22.9% over the past four weeks, driven by strong momentum, and analysts have raised fiscal 2026 earnings estimates to $5.99 per share, up $1.18.

Petrobras (PBR), Brazil's largest integrated energy firm, is highlighted as a potential growth investment opportunity. The company holds a #3 (Hold) Zacks Rank with an A-rated VGM Score and B-rated Growth Style Score, forecasting 73.9% year-over-year earnings growth for the current fiscal year. Recent analyst revisions have increased consensus estimates to $4.87 per share with a +3% average earnings surprise.

Petrobras (PBR) closed at $25.94, up 1.73% in the latest session and gaining 17.13% over the past month, outperforming the S&P 500. The oil and gas company is scheduled to report earnings on November 10, 2026, with projected EPS of $1.21 (up 47.56% YoY) and revenue of $31.84 billion (up 35.62% YoY). Trading at a Forward P/E of 5.3, below its industry average of 8.08, Petrobras holds a Zacks Rank #3 (Hold) rating.

The article highlights two oil and energy stocks with positive Earnings Surprise Prediction (ESP) metrics that could beat their upcoming quarterly earnings estimates. Petrobras (PBR) has a +9.09% ESP with a Hold rating ahead of its November 10, 2026 earnings report, while BP has a +7.29% ESP with a Strong Buy rating before reporting on October 30, 2026. Both stocks show potential for positive earnings surprises based on analyst estimate revisions.

Petrobras (PBR) has gained 14.6% over the past month, outperforming the S&P 500. The company shows strong earnings growth with Q3 EPS expected at $1.21 (+47.6% YoY) and FY2026 earnings at $4.81 (+71.8% YoY).

However, FY2027 earnings are projected to decline 19.8%. Revenue is expected to grow 35.6% in the current quarter and fiscal year, but decline 5.2% next year. Petrobras received a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the broader market, though it trades at a valuation discount to peers.

Petrobras (PBR) declined 1.33% to $23.82 in the latest session, underperforming the S&P 500's 0.58% gain. However, the stock gained 19.98% over the past month, outpacing its sector.

Analysts expect Q3 2026 earnings of $1.21 per share (47.56% YoY growth) and full-year earnings of $4.81 per share (71.79% growth). The company holds a Zacks Rank #3 (Hold) with a Forward P/E of 5.02, trading at a discount to its industry average.

Petrobras (PBR) stock jumped 11.5% to $24.14 following Brazil's presidential election first round, where right-wing candidate Flávio Bolsonaro narrowly led incumbent Lula da Silva. Investors are optimistic about potential market-oriented policies and reduced political intervention in state-controlled companies.

The company is expected to report strong quarterly earnings of $1.21 per share (+47.6% YoY) with revenues of $31.84 billion (+35.6% YoY). Consensus EPS estimates have been revised 27.4% higher over the past 30 days.

Petrobras (PBR), Brazil's largest integrated energy firm, receives a #3 (Hold) rating from Zacks with a VGM Score of A. The stock shows positive momentum with a B Momentum Style Score and 1.6% gains over four weeks. One analyst raised earnings estimates for fiscal 2026, with consensus estimates increasing to $4.81 per share and an average earnings surprise of +3%.

Cheniere Energy (LNG) and Petrobras (PBR) are highlighted as oil and energy stocks with positive Earnings Surprise Prediction (ESP) metrics, suggesting potential for beating their upcoming quarterly earnings estimates. LNG has an ESP of +14.87% ahead of its October 29, 2026 earnings release, while PBR has an ESP of +11.11% before reporting on November 10, 2026. Both stocks hold #3 (Hold) Zacks Rank ratings.

Petrobras announced cost and volume balancing agreements with Shell, TotalEnergies, and Petrogal for the BM-S-11A consortium in Brazil's Santos Basin. The company will receive approximately $859 million from its partners, with settlement expected by November 2026, following ANP-approved ownership revisions for the Berbigao and Sururu reservoirs.

Petrobras has entered into a four-year service agreement with Norwegian pump specialist Framo to maintain critical pumping equipment across approximately 30 FPSO vessels. The deal covers inspections, maintenance, and training for seawater lifting, firefighting, cargo, and water injection systems.

Framo plans to expand its Rio de Janeiro facility as installed pumps in Brazil are projected to exceed 1,500 by 2028. However, the agreement's financial impact remains unclear as no contract value or cost savings were disclosed.

TechnipFMC won a significant contract from Petrobras for flexible pipe systems across multiple pre-sal fields in Brazil. The award, valued between $75-250 million, strengthens TechnipFMC's position in Brazil's offshore market and adds to third-quarter 2026 inbound orders. The company will leverage its local engineering, manufacturing, and supply-chain capabilities in Brazil for project execution.

Petrobras announced a second oil discovery at the Morpho exploration well in Brazil's Foz do Amazonas Basin, confirming light oil presence in deeper formations. The discovery strengthens exploration potential in the Equatorial Margin region, with three additional wells planned to begin drilling in early 2027. Petrobras has allocated $2.5 billion for 15 exploration wells in the region as part of its 2026-2030 strategic plan.

Remittix has scheduled its RTX token launch for November 24, 2026, after raising over $32 million in presale funding. Concurrently, Cardano and Petrobras are advancing blockchain applications for sustainable fuel traceability, while NEAR Intents demonstrated its SHIELD risk system by blocking most of a $50 million attack attempt following the Bitget hack.

Petrobras' P-80 platform has left Singapore and is heading to Brazil's Buzios field for 2027 production. The platform is the first of six standardized giant units designed to produce 225,000 barrels of oil and process 12 million cubic meters of natural gas daily.

Petrobras' series-based construction approach aims to reduce costs and accelerate field development. The Buzios field recently set natural gas export records exceeding 10 million cubic meters per day.

Noble Corporation has secured a long-term contract with Tullow Oil for its Noble Faye Kozack drillship to conduct up to 10 wells offshore Ghana starting mid-2027. The rig will transition from Brazil after completing current work with Petrobras, strengthening Noble's backlog and fleet utilization through 2027. The award demonstrates continued demand for high-specification deepwater drillships in West Africa.