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

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies4
  • 7D-0.6%
  • 3M41.1%
  • 1Y26.9%
  • YTDn/a

The Oil and Gas Exploration and Production is pretty flat in the last 7 days, but Petroreconcavo has stood out, gaining 5.4%. As for the the longer term, the industry is up 27% over the past 12 months. Looking forward, earnings are forecast to grow by 1.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026R$55.2bR$28.6bR$11.6b5.8x4.7x1.9x
Tue, 27 Jan 2026R$49.9bR$28.6bR$11.6b5.2x4.3x1.7x
Thu, 25 Dec 2025R$43.5bR$28.6bR$11.6b5.2x3.7x1.5x
Sat, 22 Nov 2025R$42.0bR$28.6bR$11.6b5.1x3.6x1.5x
Mon, 20 Oct 2025R$40.1bR$27.9bR$12.8b4.5x3.1x1.4x
Wed, 17 Sep 2025R$43.9bR$27.9bR$12.8b5.6x3.4x1.6x
Fri, 15 Aug 2025R$44.6bR$27.9bR$12.8b5.6x3.5x1.6x
Sun, 13 Jul 2025R$47.5bR$28.6bR$12.0b7.6x3.9x1.7x
Tue, 10 Jun 2025R$47.6bR$28.6bR$12.0b7.6x4x1.7x
Thu, 08 May 2025R$41.8bR$27.6bR$10.9b5.7x3.9x1.5x
Sat, 05 Apr 2025R$40.8bR$26.4bR$9.8b6.2x4.1x1.5x
Mon, 03 Mar 2025R$45.3bR$26.1bR$6.0b7.9x7.5x1.7x
Wed, 29 Jan 2025R$50.6bR$26.1bR$6.0b7.8x8.4x1.9x
Fri, 27 Dec 2024R$46.1bR$26.1bR$6.0b7.6x7.7x1.8x
Sun, 24 Nov 2024R$47.6bR$26.1bR$6.0b8.4x7.9x1.8x
Tue, 22 Oct 2024R$48.2bR$26.6bR$5.9b7.5x8.1x1.8x
Thu, 19 Sep 2024R$51.7bR$26.6bR$5.9b8x8.7x1.9x
Sat, 17 Aug 2024R$60.5bR$26.6bR$5.9b9.1x10.2x2.3x
Mon, 15 Jul 2024R$56.8bR$24.0bR$5.9b26.1x9.7x2.4x
Wed, 12 Jun 2024R$51.6bR$24.0bR$5.9b25.4x8.8x2.1x
Fri, 10 May 2024R$60.2bR$24.0bR$5.9b28.9x10.2x2.5x
Sun, 07 Apr 2024R$63.8bR$21.7bR$6.2b8.7x10.2x2.9x
Tue, 05 Mar 2024R$57.2bR$18.6bR$5.5b8.1x10.4x3.1x
Thu, 01 Feb 2024R$56.2bR$19.0bR$5.5b8.1x10.2x3x
Sat, 30 Dec 2023R$57.4bR$19.0bR$5.5b8.4x10.4x3x
Mon, 27 Nov 2023R$58.0bR$19.0bR$5.8b8.7x10x3x
Wed, 25 Oct 2023R$60.4bR$15.4bR$5.6b11.8x10.9x3.9x
Fri, 22 Sep 2023R$58.1bR$15.4bR$5.6b11.7x10.5x3.8x
Sun, 20 Aug 2023R$56.7bR$15.4bR$5.6b10.1x10.2x3.7x
Tue, 18 Jul 2023R$52.7bR$14.9bR$5.5b8.2x9.5x3.5x
Thu, 15 Jun 2023R$46.7bR$14.9bR$5.5b7.4x8.5x3.1x
Sat, 13 May 2023R$46.0bR$14.9bR$5.7b7x8x3.1x
Mon, 10 Apr 2023R$45.5bR$13.6bR$5.1b8.3x8.9x3.4x
Wed, 08 Mar 2023R$47.5bR$12.9bR$4.8b9.3x9.8x3.7x
Price to Earnings Ratio

9.8x


Total Market Cap: R$47.5bTotal Earnings: R$4.8bTotal Revenue: R$12.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Oil and Gas Exploration and Production Industry Price to Earnings3Y Average 7.6x202420252026
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 4.6x which is lower than its 3-year average PE of 7.6x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Exploration and Production industry have grown 34% per year over the last three years.
  • Revenues for these companies have grown 31% 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-0.94%
Energy3.17%
Oil and Gas3.17%
Oil and Gas Exploration and Production-0.59%
Integrated Oil and Gas3.58%
Oil and Gas Storage and Transportation0%0
Oil and Gas Refining and Marketing-1.32%
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
RECV3 PetroreconcavoR$12.325.4%
+R$184.6m		-22.5%PE5.8x
AZTE3 Azevedo & Travassos EnergiaR$0.293.6%
+R$3.4m		-79.1%PS32x

Latest News

BRAV3
R$18.64
Brava Energia
7D
-1.1%
1Y
3.5%

BRAV3: Stable Cash Flow Assumptions And Margin Profile Will Support Upside

Analysts have kept their R$22.25 price target on Brava Energia broadly unchanged, reflecting only minor tweaks to discount rate, revenue growth and profit margin assumptions, as well as a slightly adjusted future P/E of 7.33x. Valuation Changes Fair Value: R$22.25 remains unchanged, with no adjustment to the headline valuation figure.
PRIO3
R$54.49
Prio
7D
-1.0%
1Y
42.8%

PRIO3: Index Addition And Refined Assumptions Will Shape Future Repricing Potential

Analysts have lifted their price target for Prio by about R$2, citing updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts point to the refreshed fair value work as support for a higher price target, arguing that updated revenue and margin assumptions still leave what they see as a valuation gap relative to their internal estimates.
RECV3
R$12.32
Petroreconcavo
7D
5.4%
1Y
-22.5%

RECV3: Softer Revenue Outlook Will Lead To Compressed Earnings Multiple

Analysts have reduced their price target for Petroreconcavo from R$12.30 to R$9.50, citing slightly softer revenue expectations, a marginally lower profit margin outlook, and a recalibrated future P/E multiple around 9.75x as key drivers of the change. Valuation Changes Fair Value: reduced from R$12.30 to R$9.50, reflecting a lower implied equity value per share.
AZTE3
R$0.29
Azevedo & Travassos Energia
7D
3.6%
1Y
-79.1%