Analyst Coverage

Get to know the market analysts’ assessment of Petrobras and find out who they are.

Analysts covering Petrobras

BAML: Frank J. McGann
(54 11) 4317-7650    frank.mcgann@baml.com

Banco do Brasil: Daniel Cobucci
(55 11) 3149-8422    cobucci@bb.com.br

Barclays: Ian Gorman
(1 212) 526-7068 ian.gorman@barclays.com

Bradesco: Vicente Falanga Neto
(55 11) 3847-9471    vicente.falanga@bradescobbi.com.br

BTG Pactual: Thiago Duarte
(55 11) 3383-9850    thiago.duarte@btgpactual.com

Citigroup: Gabriel Barra
(57) 4479-0594    gabriel.barra@citi.com

Credit Suisse: Régis Cardoso
(55 11) 3701-6297    regis.cardoso@credit-suisse.com 

Goldman Sachs: Bruno Amorim
(55 11) 3371-0764    bruno.amorim@gs.com

HSBC: Lilyanna Yang
(1 212) 525-0990    lilyanna.x.yang@us.hsbc.com

Itau BBA: André Hachem
(55 11) 3073-3005    andre.hachem@itaubba.com

JP Morgan: Rodolfo Angele
(55 11) 4950-3888    rodolfo.r.angele@jpmorgan.com

Macquarie: Giacomo Romeo
(44 20) 3037-4445    giacomo.romeo@macquarie.com

Morgan Stanley: Bruno Montanari
(55 11) 3048-6225    bruno.montanari@morganstanley.com

Nau Securities: Alejandro Demichelis
(44 20) 7947-5514   alejandrodemichelis@nau-securities.com

Raymond James: Pavel Molchanov
(1 713) 278-5270    pavel.molchanov@raymondjames.com

Safra: Kaique Vasconcellos
(55 11) 3175-4369    kaique.vasconcellos@safra.com.br

Santander: Christian Audi
(1 212) 350-3991    caudi@santander.us

Scotiabank: Gavin Wilye
(1 403) 213-7333    gavin.wilye@scotiabank.com

Societe Generale: John Herrlin
(1 212) 278-6851    john.herrlin@sgcib.com

UBS: Luiz Carvalho
(55 11) 2767 6606   luiz.carvalho@ubs.com

XP: Gabriel Fonseca
(55 11) 4871-4375    gabriel.fonseca@xpi.com.br

Analyst Projection

Consensus figures refer to the average projections by market analysts.

Target Price
Nº of Investment Banks: 11
PETR3 Price Target Consensus (R$/share) PETR4 Price Target Consensus (R$/share)
Average 34.09 Average 35.01
Maximum 38.00 Maximum 42.00
Minimum 28.00 Minimum 29.00

Latest update on August 10, 2021


Price Target
Nº of Investment Banks: 14
PBR Price Target Consensus (US$/ADR) PBR/A Price Target Consensus (US$/ADR)
Average 13.81 Average 13.21
Maximum 17.50 Maximum 15.00
Minimum 11.00 Minimum 11.00

Latest update on August 10, 2021

The information referring to the comparative analyses presented herein has been obtained from investment banks and other sources (the “sources”) and represents market forecasts. Petrobras and the sources make no warranty as to the completeness or accuracy of this information. This information does not represent an offer to buy or sell the securities of any company. The opinions expressed herein may be changed without notice. The sources, their direct and indirect subsidiaries, their affiliates or companies belonging to the same economic group, their management, officers, mandataries, agents and representatives may hold positions or rights related to the securities addressed in this information. Any source that has provided services in connection with the purchase or sale of a security addressed in this information may have been acting on behalf of a third party or on its own behalf. The sources may periodically act as managers, co-managers or participants in syndicates organized for the private placement or public offering of securities of the companies covered by this information.

Last updated on February 22, 2021.