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The latest update is out from Petroleo Brasileiro SA- Petrobras ( (PBR) ).
On November 17, 2025, Petrobras announced a new oil discovery in the Campos Basin, specifically in the Sudoeste de Tartaruga Verde block. The discovery was made in an exploratory well located 108 km from the shore of Campos dos Goytacazes-RJ city at a water depth of 734 meters. The well, identified as 4-BRSA-1403D-RJS, confirmed the presence of high-quality oil through various tests. This discovery, stemming from a block acquired in 2018, is expected to enhance Petrobras’s exploration capabilities and potentially strengthen its market position.
The most recent analyst rating on (PBR) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Petroleo Brasileiro SA- Petrobras stock, see the PBR Stock Forecast page.
Spark’s Take on PBR Stock
According to Spark, TipRanks’ AI Analyst, PBR is a Outperform.
Petrobras’ strong financial performance, attractive valuation, and positive technical indicators contribute to a solid stock score. The company’s strategic execution and production achievements further bolster its position, despite challenges from declining oil prices.
To see Spark’s full report on PBR stock, click here.
More about Petroleo Brasileiro SA- Petrobras
Petrobras, or Petróleo Brasileiro S.A., is a Brazilian petroleum corporation primarily engaged in the oil and gas industry. It focuses on exploration, production, refining, and distribution of oil and gas products, with a significant presence in the Brazilian market.
Average Trading Volume: 23,142,136
Technical Sentiment Signal: Strong Buy
Current Market Cap: $81.87B
For an in-depth examination of PBR stock, go to TipRanks’ Overview page.