12 Best Energy Stocks to Buy According to Billionaire Ken Fisher

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

Fisher Asset Management’s Stake: $204.3 million

Number of Hedge Fund Holders: 31

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is an integrated and specialized oil, natural gas, and energy company with a primary focus on exploration and production, refining, energy generation, and marketing.

Petróleo Brasileiro S.A. – Petrobras’ (NYSE:PBR) fourth-quarter earnings per share came in at $1.25, up 16% yearly and $0.05 more than expected. However, revenues of $2,579 million, a 1% rise over the previous year, fell short of expectations by $3 million.

On March 10, HSBC analyst Liyanna Yang raised Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from Hold to Buy, with a $15 price target. Yang’s confidence in the energy company is based on projections of a great performance in 2025, despite current challenges. Petrobras lately experienced pressure from greater spending and tighter crack spreads, which caused the company’s stock price to decrease following disappointing 2024 results. However, HSBC sees this as a chance for investors to buy shares at a discount before the expected rise.