Professional
Added to YB: 2026-06-22
Pitch date: 2026-03-31
PRIO3.SA [bullish]
Prio S.A.
Author Info
No bio for this author
Company Info
Prio S.A., together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas properties in Brazil and internationally.
Market Cap
BRL 46.2B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.02
P/E
17.94
EV/Sales
3.98
Sector
Oil, Gas and Consumable Fuels
Category
value
Baron Emerging Markets Fund New Position: Prio S.A.
PRIO3.SA (new position): Leading Brazilian oil & gas producer in Campos basin. Mature assets, modest growth but highly cash generative—est. <5yrs to generate FCF equal to entire EV at current futures prices. Proven M&A strategy acquiring non-core mature assets, cutting opex/barrel. Upside if election spurs SOE divestitures.
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