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Brazilian (BOVESPA) Oil and Gas Industry Analysis

UpdatedJun 25, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.7%
  • 3M-22.4%
  • 1Y21.4%
  • YTD24.6%

Over the last 7 days, the Oil and Gas industry has dropped 1.7%, driven by Prio declining 5.0%. In the past year, the industry has gained 21%. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

Has the Brazilian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jun 2026R$582.7bR$539.3bR$109.3b11.2x5.3x1.1x
Sat, 23 May 2026R$683.7bR$539.3bR$109.3b14x6.3x1.3x
Mon, 20 Apr 2026R$693.2bR$536.6bR$112.8b6.2x6.1x1.3x
Wed, 18 Mar 2026R$682.6bR$536.1bR$112.3b7.5x6.1x1.3x
Fri, 13 Feb 2026R$567.0bR$528.7bR$87.5b5.6x6.5x1.1x
Sun, 11 Jan 2026R$447.0bR$528.7bR$87.5b4.9x5.1x0.8x
Tue, 09 Dec 2025R$456.8bR$528.7bR$87.5b5.2x5.2x0.9x
Thu, 06 Nov 2025R$444.4bR$494.7bR$80.7b5.1x5.5x0.9x
Sat, 04 Oct 2025R$458.1bR$492.9bR$80.5b5.4x5.7x0.9x
Mon, 01 Sep 2025R$496.7bR$682.0bR$72.5b5.8x6.9x0.7x
Wed, 30 Jul 2025R$518.5bR$712.6bR$49.8b8.1x10.4x0.7x
Fri, 27 Jun 2025R$504.0bR$712.6bR$49.8b8x10.1x0.7x
Sun, 25 May 2025R$497.5bR$712.6bR$49.8b7.9x10x0.7x
Tue, 22 Apr 2025R$488.3bR$701.6bR$38.1b8.7x12.8x0.7x
Thu, 20 Mar 2025R$570.6bR$700.1bR$39.6b8.1x14.4x0.8x
Sat, 15 Feb 2025R$569.6bR$708.9bR$94.4b7x6x0.8x
Mon, 13 Jan 2025R$589.9bR$705.8bR$93.8b6.9x6.3x0.8x
Wed, 11 Dec 2024R$624.3bR$708.9bR$94.4b7.7x6.6x0.9x
Fri, 08 Nov 2024R$569.9bR$699.3bR$88.4b8x6.4x0.8x
Sun, 06 Oct 2024R$612.9bR$699.8bR$89.1b8.2x6.9x0.9x
Tue, 03 Sep 2024R$637.3bR$699.8bR$89.1b8.7x7.2x0.9x
Thu, 01 Aug 2024R$614.5bR$687.2bR$118.7b9.3x5.2x0.9x
Sat, 29 Jun 2024R$612.0bR$685.3bR$119.4b9x5.1x0.9x
Mon, 27 May 2024R$106.8bR$194.3bR$8.8b17.4x12.1x0.5x
Wed, 24 Apr 2024R$701.4bR$925.9bR$137.5b8.7x5.1x0.8x
Fri, 22 Mar 2024R$627.8bR$927.1bR$136.0b9.2x4.6x0.7x
Sun, 18 Feb 2024R$733.5bR$950.8bR$147.3b9.2x5x0.8x
Tue, 16 Jan 2024R$680.2bR$953.1bR$146.7b10.4x4.6x0.7x
Thu, 14 Dec 2023R$607.0bR$953.1bR$146.7b9.6x4.1x0.6x
Sat, 11 Nov 2023R$627.4bR$378.3tR$93.6t11.6x0.007x0.002x
Mon, 09 Oct 2023R$598.0bR$1.0tR$164.8b12x3.6x0.6x
Wed, 06 Sep 2023R$612.1bR$1.0tR$164.8b11.8x3.7x0.6x
Fri, 04 Aug 2023R$581.7bR$1.1tR$190.6b10.6x3.1x0.5x
Sun, 02 Jul 2023R$558.9bR$1.1tR$190.4b8.9x2.9x0.5x
Price to Earnings Ratio

2.9x


Total Market Cap: R$558.9bTotal Earnings: R$190.4bTotal Revenue: R$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Oil and Gas Industry Price to Earnings3Y Average 6.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Brazilian Oil and Gas industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 5.3x which is lower than its 3-year average PE of 6.3x.
  • The 3-year average PS ratio of 0.83x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 17% per year over the last three years,
  • Revenues have also declined 21% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Brazilian Energy industry?

BR Market1.13%
Energy-1.71%
Oil and Gas-1.71%
Oil and Gas Refining and Marketing3.97%
Oil and Gas Storage and Transportation0%0
Integrated Oil and Gas-1.44%
Oil and Gas Exploration and Production-4.20%
Industry PE
  • Investors are most optimistic about the Oil and Gas Exploration and Production industry which is trading above its 3-year average PE ratio of 8.3x.
    • Analysts are expecting annual earnings growth of 28.0%, which is higher than its past year's earnings decline of 3.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Exploration and Production industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 3.7% per year.
  • In contrast, the Integrated Oil and Gas industry is expected to see its earnings decline by 2.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
RPMG3 Refinaria de Petróleos de ManguinhosR$1.314.0%
+R$3.4m		-55.0%PS0.01x

Latest News

PRIO3
R$54.10
Prio
7D
-5.0%
1Y
29.3%
Narrative Update • Jun 23

PRIO3: Higher Margin Assumptions Will Shape Future Repricing Potential

Analysts have lifted their fair value estimate for Prio to about R$71 from roughly R$56, citing updated assumptions that combine a lower forward P/E with a higher projected profit margin, while expected revenue growth is moderated. Analyst Commentary Recent research on Prio points to a more constructive stance on valuation, with analysts updating their models and pricing in a different balance between earnings power and growth expectations.
RECV3
R$9.99
Petroreconcavo
7D
-0.1%
1Y
-31.2%
Narrative Update • Jun 16

RECV3: Earnings Quality And Lower P/E Will Support Future Upside

Analysts have adjusted their price target for Petroreconcavo from R$17.00 to R$16.50, reflecting updated views on revenue growth assumptions, slightly lower profit margin expectations, and a modestly reduced future P/E multiple. What's in the News Analysts revised Petroreconcavo's price target to R$16.50 from R$17.00, reflecting updated assumptions on revenue, margins, and future P/E multiple.
BRAV3
R$19.00
Brava Energia
7D
-1.2%
1Y
6.5%
Narrative Update • Jun 04

BRAV3: Mixed Ratings And Ecopetrol Deal Will Shape Future Cash Flow Profile

Brava Energia's analyst price target has been adjusted from R$22.25 to R$22.80 as analysts balance mixed recent ratings with updated assumptions on growth, margins and future P/E for the stock. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the updated target price reflects confidence that Brava Energia can sustain its current margin framework, which they see as supportive of the stock's P/E assumptions.
RPMG3
R$1.31
Refinaria de Petróleos de Manguinhos
7D
4.0%
1Y
-55.0%
AZTE3
R$0.17
Azevedo & Travassos Energia
7D
-5.6%
1Y
-67.3%