5 Most Promising Low-Cost Stocks According to Analysts

In this article, we will take a look at the 5 most promising low-cost stocks according to analysts. To see more such companies, go directly to 12 Most Promising Low-Cost Stocks According to Analysts.

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

Number of Hedge Fund Holders: 33

One-Year Price Target: $14.09

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a Brazilian petroleum company. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) ranks 5th in our list of the most promising low-cost stocks according to analysts.

In January, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) reported its oil and gas production data for 2022. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s total oil and gas production for FY’2022 was 2.68 million boe/day, surpassing its full-year target of 2.6 million boe/day.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) also said its commercial production came in at 2.36 million boe/day, more than the 2.3 million target.

As of the end of the third quarter of 2022, 33 hedge funds tracked by Insider Monkey reported owning stakes in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR). The net worth of these stakes was about $4.7 billion.