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Brazilian (BOVESPA) Oil and Gas Exploration and Production Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies4
  • 7D6.1%
  • 3M-1.8%
  • 1Y-4.2%
  • YTDn/a

The Oil and Gas Exploration and Production industry is up 2.2% in the last week, with Brava Energia up 14%. In the past year, the industry is down 6.1%. As for the next few years, earnings are expected to grow by 5.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025R$42.6bR$28.6bR$11.6b5.2x3.7x1.5x
Fri, 21 Nov 2025R$42.0bR$28.6bR$11.6b5.2x3.6x1.5x
Sun, 19 Oct 2025R$40.1bR$27.9bR$12.8b4.5x3.1x1.4x
Tue, 16 Sep 2025R$43.4bR$27.9bR$12.8b5.5x3.4x1.6x
Thu, 14 Aug 2025R$44.7bR$27.9bR$12.8b5.7x3.5x1.6x
Sat, 12 Jul 2025R$46.6bR$28.6bR$12.0b7.4x3.9x1.6x
Mon, 09 Jun 2025R$48.2bR$28.6bR$12.0b7.7x4x1.7x
Wed, 07 May 2025R$42.9bR$26.4bR$9.8b5.9x4.4x1.6x
Fri, 04 Apr 2025R$44.8bR$26.4bR$9.8b6.7x4.6x1.7x
Sun, 02 Mar 2025R$45.3bR$26.1bR$6.0b7.9x7.5x1.7x
Tue, 28 Jan 2025R$49.6bR$26.1bR$6.0b8x8.3x1.9x
Thu, 26 Dec 2024R$46.1bR$26.1bR$6.0b7.6x7.7x1.8x
Sat, 23 Nov 2024R$45.9bR$26.1bR$6.0b8.4x7.6x1.8x
Mon, 21 Oct 2024R$48.1bR$26.6bR$5.9b7.5x8.1x1.8x
Wed, 18 Sep 2024R$51.7bR$26.6bR$5.9b8x8.7x1.9x
Fri, 16 Aug 2024R$60.9bR$26.6bR$5.9b9.2x10.3x2.3x
Sun, 14 Jul 2024R$56.8bR$24.0bR$5.9b26.1x9.7x2.4x
Tue, 11 Jun 2024R$50.8bR$24.0bR$5.9b24.6x8.6x2.1x
Thu, 09 May 2024R$60.2bR$22.6bR$6.2b14.3x9.7x2.7x
Sat, 06 Apr 2024R$63.8bR$21.7bR$6.2b8.7x10.2x2.9x
Mon, 04 Mar 2024R$57.8bR$18.6bR$5.5b8.2x10.5x3.1x
Wed, 31 Jan 2024R$57.1bR$19.0bR$5.5b8.1x10.3x3x
Fri, 29 Dec 2023R$57.3bR$19.0bR$5.5b8.4x10.4x3x
Sun, 26 Nov 2023R$58.0bR$19.0bR$5.8b8.7x10x3x
Tue, 24 Oct 2023R$60.4bR$15.4bR$5.6b11.8x10.9x3.9x
Thu, 21 Sep 2023R$60.6bR$15.4bR$5.6b12x10.9x3.9x
Sat, 19 Aug 2023R$56.7bR$15.4bR$5.6b10.1x10.2x3.7x
Mon, 17 Jul 2023R$52.2bR$14.9bR$5.5b8.1x9.4x3.5x
Wed, 14 Jun 2023R$45.6bR$14.9bR$5.5b7.2x8.3x3.1x
Fri, 12 May 2023R$46.0bR$14.9bR$5.7b7x8x3.1x
Sun, 09 Apr 2023R$45.5bR$13.6bR$5.1b8.3x8.9x3.4x
Tue, 07 Mar 2023R$48.8bR$12.9bR$4.8b9.5x10.1x3.8x
Thu, 02 Feb 2023R$57.4bR$13.7bR$5.3b10.6x10.8x4.2x
Sat, 31 Dec 2022R$53.4bR$13.7bR$5.3b10.6x10.1x3.9x
Price to Earnings Ratio

10.1x


Total Market Cap: R$53.4bTotal Earnings: R$5.3bTotal Revenue: R$13.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 7.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Brazilian Oil and Gas Exploration and Production 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 3.6x which is lower than its 3-year average PE of 7.9x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Exploration and Production industry have grown 30% per year over the last three years.
  • Revenues for these companies have grown 28% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Brazilian Oil and Gas Exploration and Production compare with similar industries?

BR Market-0.59%
Energy-0.74%
Oil and Gas-0.74%
Oil and Gas Exploration and Production6.14%
Oil and Gas Storage and Transportation0%0
Oil and Gas Refining and Marketing-1.39%
Integrated Oil and Gas-1.40%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
PRIO3 PrioR$40.424.9%
+R$1.5b		3.0%PE3.3x
BRAV3 Brava EnergiaR$15.7611.9%
+R$780.4m		-17.6%PE7.5x
RECV3 PetroreconcavoR$11.116.7%
+R$205.1m		-27.2%PE5.2x
AZTE3 Azevedo & Travassos EnergiaR$0.425.0%
+R$6.8m		n/an/a

Latest News

PRIO3
R$40.42
Prio
7D
4.9%
1Y
3.0%

PRIO3: Future Earnings Will Balance Stronger Revenue With Lower Margin Expectations

Analysts have modestly reduced their price target on Prio, trimming fair value from about $45.00 to roughly $41.50 as they factor in a slightly lower assumed profit margin and valuation multiple, partly offset by improved long term revenue growth expectations and a lower discount rate. Analyst Commentary Bearish analysts emphasize that the latest trim to Prio's fair value reflects a more guarded stance on profitability and the sustainability of recent operational gains.
BRAV3
R$15.76
Brava Energia
7D
11.9%
1Y
-17.6%

BRAV3: New CFO And Higher Risk Outlook Will Shape Future Prospects

Analysts have revised their price target for Brava Energia down from 18.00 to 15.80, reflecting more conservative assumptions around revenue growth, profit margins, and an increased discount rate, even though the stock still appears attractive based on a lower forward P/E multiple. What's in the News Brava Energia's Board of Directors confirmed the election of Mr. Luiz Carvalho as Chief Financial Officer at a meeting held on November 14, 2025 (company board meeting minutes).
RECV3
R$11.11
Petroreconcavo
7D
6.7%
1Y
-27.2%

RECV3 Will Offer Attractive Upside Despite Slightly Softer Profitability Outlook

Analysts have trimmed their price target on Petroreconcavo from approximately R$21.51 to R$18.70, citing slightly more conservative assumptions for long term revenue growth, profit margins and valuation multiples. Valuation Changes The Fair Value Estimate has been trimmed from approximately R$21.51 to R$18.70, representing a modest downward revision in the intrinsic value per share.
AZTE3
R$0.42
Azevedo & Travassos Energia
7D
5.0%
1Y
n/a