Petrobras stock slips as UBS raises its target

Published on 09/25/2026 at 12:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Petrobras stock traded at USD 20.84 on September 24, 2026, while UBS set a USD 23.00 target the day before. Q2 revenue rose 59.8 percent to USD 33.61 billion.

PBR, US71654V4086, Illustration mit AI erstellt.

Petrobras (ISIN US71654V4086) stood at USD 20.84 on the NYSE on September 24, 2026, down 1.42 percent from the prior close of USD 21.14. The latest analyst move came on September 23, when MarketBeat reported that UBS raised its target from USD 22.00 to USD 23.00 and maintained a Buy rating.

Q2 revenue sets the pace

Petrobras delivered USD 33.61 billion in second-quarter 2026 revenue, an increase of 59.8 percent from the year-earlier period, according to Yahoo Finance. The result also exceeded the USD 30.83 billion consensus estimate by 9 percent, giving the quarter a quantified earnings catalyst.

Adjusted EBITDA excluding one-off events reached USD 19.96 billion, up 95.1 percent year over year, while earnings per ADS came to USD 1.72 against a USD 1.52 consensus estimate. Operating cash flow was USD 12.25 billion, and capital expenditures totaled USD 5.29 billion in Q2 2026.

Debt repayment reaches a key date

Petrobras Global Finance B.V. is scheduled to redeem USD 1,080,945,000 of 5.999 percent global notes due 2028 on September 25, 2026, using cash on hand, according to the company filing published by StockTitan. The redemption removes the notes and related guarantee after payment, making the transaction a direct balance-sheet event rather than a production investment.

Gross debt stood at USD 70.81 billion at the end of June 2026, while net debt was USD 60.39 billion. Net debt relative to trailing twelve-month adjusted EBITDA improved to 1.14 times from 1.43 times a year earlier, according to Yahoo Finance.

Petrobras stock stays below its yearly high

Petrobras stock traded within a 52-week range of USD 11.43 to USD 22.24 as of September 24, 2026. The USD 20.84 reference price was accompanied by volume of 15,896,114 shares, below the average volume of 18,126,747 shares.