11 Dirt Cheap Stocks to Buy According to Analysts

6. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Forward P/E: 3.87

Average Price Target Upside Potential According to Analysts: 28.87%

Number of Hedge Fund Holders: 39

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is one of the best dirt-cheap stocks to buy according to analysts. On October 9, Reuters reported that Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) will supply about 20% of Brazil’s total demand for nitrogen fertilizers in 2026. This will be achieved as the company restarts operations at three local plants according to the company’s CEO, Magda Chambriard.

The Brazilian state-run oil company’s Bahia and Sergipe plants, both located in northeastern Brazil, are expected to deliver 5% and 7% of the national urea market, respectively. This is part of Petróleo Brasileiro S.A. – Petrobras’ (NYSE:PBR) strategic plan.

The company’s unit in Parana state, in southern Brazil, has already restarted operations and is expected to supply 8% of the national urea demand. All three operations were previously not operating.

At an event in Bahia state, Chambriard also mentioned that Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is making efforts to restart a nitrogen fertilizer plant in Mato Grosso do Sul state. This plant will help supply an additional 15% of the country’s total demand, allowing Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to deliver a total of 35% of all the nitrogen fertilizer needs of Brazil.

These investments support President Luiz Inacio Lula da Silva’s push for Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to resume investing in the nitrogen fertilizer industry. Brazil currently relies heavily on fertilizer imports.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a Brazilian petroleum and gas company that is re-entering the fertilizer market to help Brazil reduce its dependence on imports.