Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Brazilian (BOVESPA) Oil and Gas Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies6
  • 7D-2.9%
  • 3M14.2%
  • 1Y1.3%
  • YTD19.1%

Over the last 7 days, the Oil and Gas industry has dropped 2.9%, driven by a pullback from Brava Energia of 7.5%. On the other hand Refinaria de Petróleos de Manguinhos is actually up 26%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 2.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026R$540.3bR$528.7bR$87.5b5.6x6.2x1x
Tue, 06 Jan 2026R$444.5bR$528.7bR$87.5b5.1x5.1x0.8x
Thu, 04 Dec 2025R$470.7bR$528.7bR$87.5b5.2x5.4x0.9x
Sat, 01 Nov 2025R$438.1bR$496.6bR$81.0b4.9x5.4x0.9x
Mon, 29 Sep 2025R$514.7bR$674.8bR$71.4b5.8x7.2x0.8x
Wed, 27 Aug 2025R$483.9bR$711.3bR$79.5b5.7x6.1x0.7x
Fri, 25 Jul 2025R$509.5bR$712.6bR$49.8b7.7x10.2x0.7x
Sun, 22 Jun 2025R$527.9bR$712.6bR$49.8b8.3x10.6x0.7x
Tue, 20 May 2025R$506.1bR$712.6bR$49.8b8.4x10.2x0.7x
Thu, 17 Apr 2025R$486.4bR$701.6bR$38.1b8.5x12.8x0.7x
Sat, 15 Mar 2025R$558.1bR$697.9bR$51.5b8x10.8x0.8x
Mon, 10 Feb 2025R$573.2bR$708.9bR$94.4b6.7x6.1x0.8x
Wed, 08 Jan 2025R$577.5bR$708.9bR$94.4b7.1x6.1x0.8x
Fri, 06 Dec 2024R$614.4bR$708.9bR$94.4b7.8x6.5x0.9x
Sun, 03 Nov 2024R$567.6bR$699.8bR$89.1b7.9x6.4x0.8x
Tue, 01 Oct 2024R$585.5bR$699.8bR$89.1b8.2x6.6x0.8x
Thu, 29 Aug 2024R$638.3bR$699.8bR$89.1b9x7.2x0.9x
Sat, 27 Jul 2024R$618.0bR$685.3bR$119.4b10x5.2x0.9x
Mon, 24 Jun 2024R$585.1bR$685.3bR$119.4b9x4.9x0.9x
Wed, 22 May 2024R$598.3bR$685.0bR$119.0b10.3x5x0.9x
Fri, 19 Apr 2024R$672.9bR$925.9bR$137.5b8.4x4.9x0.7x
Sun, 17 Mar 2024R$631.4bR$927.1bR$136.0b9.2x4.6x0.7x
Tue, 13 Feb 2024R$709.0bR$950.8bR$147.3b8.9x4.8x0.7x
Thu, 11 Jan 2024R$671.5bR$953.1bR$146.7b10.3x4.6x0.7x
Sat, 09 Dec 2023R$599.7bR$953.1bR$146.7b9.6x4.1x0.6x
Mon, 06 Nov 2023R$640.9bR$1.0tR$165.6b12.8x3.9x0.6x
Wed, 04 Oct 2023R$611.2bR$1.0tR$164.8b12.2x3.7x0.6x
Fri, 01 Sep 2023R$598.2bR$1.0tR$163.8b11.5x3.7x0.6x
Sun, 30 Jul 2023R$571.1bR$1.1tR$190.4b10.9x3x0.5x
Tue, 27 Jun 2023R$577.1bR$1.1tR$190.4b8.9x3x0.5x
Thu, 25 May 2023R$498.9bR$1.1tR$190.4b8.7x2.6x0.5x
Sat, 22 Apr 2023R$492.5bR$1.1tR$195.3b9.4x2.5x0.5x
Mon, 20 Mar 2023R$437.6bR$1.1tR$195.0b8.7x2.2x0.4x
Wed, 15 Feb 2023R$503.2bR$1.0tR$184.7b12.2x2.7x0.5x
Price to Earnings Ratio

2.7x


Total Market Cap: R$503.2bTotal Earnings: R$184.7bTotal Revenue: R$1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Oil and Gas Industry Price to Earnings3Y Average 5.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the Brazilian Oil and Gas industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 5.9x.
  • The 3-year average PS ratio of 0.73x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 22% per year over the last three years,
  • Revenues have also declined 20% 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 Market0.53%
Energy-2.86%
Oil and Gas-2.86%
Oil and Gas Refining and Marketing26.07%
Oil and Gas Storage and Transportation0%0
Oil and Gas Exploration and Production-2.16%
Integrated Oil and Gas-2.94%
Industry PE
  • Investors are most optimistic about the Integrated Oil and Gas industry which is trading above its 3-year average PE ratio of 5.3x.
    • Analysts are expecting annual earnings growth of 2.5%, which is higher than its past year's earnings decline of 8.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Oil and Gas industry, expecting annual earnings growth of 2.5% over the next 5 years.
  • This is better than its past earnings decline of 8.5% per year.
  • In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings grow by 2.1% 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$2.6626.1%
+R$37.2m		-6.7%PS0.02x

Latest News

RPMG3
R$2.66
Refinaria de Petróleos de Manguinhos
7D
26.1%
1Y
-6.7%
PRIO3
R$50.63
Prio
7D
-0.7%
1Y
27.8%

PRIO3: Refined Insurance Models And Index Inclusion Will Support Upside Potential

Narrative Update Analysts have maintained Prio's fair value estimate at $62.00 and refined assumptions on discount rate, revenue growth, profit margin, and future P/E to reflect updated sector models and recent insurance earnings commentary. Analyst Commentary Recent Street research on Prio highlights how updated insurance sector models are feeding into valuation work, with analysts fine tuning price targets rather than making wholesale changes.
BRAV3
R$17.48
Brava Energia
7D
-7.5%
1Y
-15.8%

Is Brava Energia (BVMF:BRAV3) A Risky Investment?

Feb 05
Is Brava Energia (BVMF:BRAV3) A Risky Investment?
RECV3
R$10.76
Petroreconcavo
7D
-4.8%
1Y
-30.0%

RECV3: Higher Assumed P/E Multiple Will Support Future Share Value

Analysts have adjusted their price target on Petroreconcavo from R$15.73 to roughly R$14.23, citing updated views on revenue trajectory, margins, and a higher assumed future P/E multiple. Valuation Changes Fair Value: reduced from R$15.73 to about R$14.23 per share, a cut of roughly R$1.50.
AZTE3
R$0.28
Azevedo & Travassos Energia
7D
-24.3%
1Y
n/a