11 Best Falling Stocks to Buy According to Analysts

2. Petroleo Brasileiro (NYSE:PBR)

52 Week Range: $11.03 – $17.41

Current Share Price: $11.35

Analysts Upside Potential as of May 2: 48.27%

Number of Hedge Fund Holders: 31

Petroleo Brasileiro (NYSE:PBR) is a Brazilian government-controlled energy company engaged in oil and gas exploration, production, refining, and marketing. It operates through three segments: Exploration & Production, Refining & Marketing, and Gas & Power, with a focus on efficiency and low carbon emissions. The stock has declined 13.67% year to date, reflecting ongoing market challenges.

On April 29, Petroleo Brasileiro (NYSE:PBR) reported Q1 2025 production of 2.77 million barrels of oil equivalent per day (boed), down 0.2% YoY, with Brazilian oil output falling 1% YoY to 2.21 million barrels per day (bpd). The FPSO Almirante Tamandare began operations in February at the Buzios field, supporting sustainable production growth. Sales of oil, gas, and derivatives reached 2.86 million boed, a 1.9% YoY drop, while exports declined 10.4% to 760,000 bpd. However, oil exports to Asia (excluding China) rose from 10% to 33%. Petrobras also signed a 6-million-barrel annual export deal with India’s Bharat Petroleum Corporation, starting in 2025.

Petroleo Brasileiro (NYSE:PBR) holds a Strong Buy rating from 6 analysts, with 5 buy, 1 hold, and 0 sell ratings. The 12-month average price target is $16.74, ranging from $15.00 to $19.00, reflecting a 47.49% upside from its $11.35 current price.