Bank of America raises target for Prio stock to BRL 74

Published on 10/16/2026 at 01:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA kept its buy rating and projected USD 2 billion in annual dividends. Prio stock produced 191,622 boepd in the third quarter of 2026.

Operational scale and valuation

Bank of America moved its target from BRL 71 to BRL 74 on October 14, 2026.
Third-quarter production reached 191,622 boepd, up 11.4 percent from the second quarter.
Prio stock last closed at BRL 68.29 on B3 on October 14, 2026.

Prio, BRPRIOACNOR1, Illustration mit AI erstellt.

Prio (ISIN BRPRIOACNOR1) became the subject of a higher Bank of America target, which rose from BRL 71 to BRL 74 on October 14, 2026, according to Money Times. The bank retained its buy rating and linked the revision to stronger oil-price assumptions and Prio's cash-generation potential.

Target rises to BRL 74

Bank of America lifted its Brent assumption for 2026 from USD 82 to USD 93 per barrel and its 2027 assumption from USD 70 to USD 80, Money Times reported on October 14, 2026. On that basis, the bank projected annual dividends of USD 2.0 billion to USD 2.1 billion in 2027 and 2028, while identifying lower oil prices, reservoir performance and project approvals as risks.

Production sets the operating frame

Prio's preliminary third-quarter production averaged 191,622 barrels of oil equivalent per day, 11.4 percent above the 172,016 boepd reported for the second quarter, according to Reuters on October 5, 2026. Third-quarter oil sales reached 17.15 million barrels, 12.5 percent above the previous quarter.

Three dates show the progression

On August 4, 2026, Prio's investor-relations calendar identified the 2Q26 earnings release, according to Prio. On October 5, 2026, the company reported third-quarter production of 191,622 boepd and sales of 17.15 million barrels through the preliminary operating update covered by Reuters. On October 14, 2026, Bank of America raised its target to BRL 74 from BRL 71.

When are the next results due?

Prio's next earnings report is scheduled for November 4, 2026, according to TradingView. That release should show whether the higher production base translated into revenue, cash flow and net income after the third quarter.

Stock stays tied to oil assumptions

Prio stock last closed at BRL 68.29 on B3 on October 14, 2026. The valuation case now combines higher operating volumes with a target of BRL 74 and a dividend scenario that depends on oil prices and leverage.