From Yahoo Finance: 2024-05-15 11:42:55

Petrobras (NYSE: PBR) investors face more losses as shares drop 7.2% after poor Q1 earnings. Sales declined 15% to $23.5 billion and profits plunged 38% to $4.7 billion. The Brazilian government, a major shareholder, will replace CEO with someone close to President Lula da Silva, causing concern for investors. Despite a low valuation and high dividend yield, analysts urge caution, suggesting Petrobras stock may be a sell. The Motley Fool Stock Advisor team does not recommend investing in Petrobras, highlighting 10 other potential high-return stocks instead. With uncertainties surrounding the company’s future, investors should proceed with caution.



Read more at Yahoo Finance: Why Petrobras Stock Keeps Going Down