Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Petroleo Brasileiro SA Petrobras    PETR4   BRPETRACNPR6

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Argentina's Merval Closes Higher as Petrobras Surges

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/06/2013 | 10:49pm CET
  By Taos Turner 
 

BUENOS AIRES--Argentina's benchmark stock index rose Wednesday as Brazil's Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, surged after the company raised domestic diesel prices, surprising investors.

Shares of Petrobras, which has a supplemental listing in Buenos Aires, soared 13% and were the day's most traded stock.

The price hike helps offset investor disappointment with January's lower-than-expected jump in gasoline and diesel prices, which had pushed Petrobras's shares to a seven-year low in recent sessions. Petrobras's shares had been dragged down by expectations for stable crude oil production this year and ongoing concerns about the impact of heavy fuel imports on the company's bottom line.

The Merval stock index rose 1.26% to 3,233.53 in volume totaling ARS56.8 million ($11.2 million).

Argentina's state-run oil company YPF SA (YPFD.BA, YPF) rose almost 4% to ARS119.65. YPF shares were the second-most traded on Wednesday.

Shares of the power distributor Edenor (>> EDENOR S.A.) led the decliners, falling 2.5% to ARS0.935 in minimal trading.

The steel producer Tenaris SA (TEN.MI, TS) was also heavily traded but its stock was barely moved at ARS163.

The price of the DICY discount bond jumped 4.81% to ARS697.

The TVPA GDP Warrant, a security whose performance is tied to economic growth, fell 0.44% to ARS44.75.

Argentina's black-market peso closed at ARS7.83 to the dollar, according to the financial daily El Cronista.

Argentina strictly rations the sale of dollars and other currencies, forcing many people into the black market if they really need other currencies for travel or to save.

The official exchange rate closed at ARS5.061 on the MAE wholesale currency market, compared with ARS5.056 in the previous session.

-Write to Taos Turner at taos.turner@dowjones.com

0- 
 

(MORE TO FOLLOW) Dow Jones Newswires

03-06-13 1648ET

Stocks mentioned in the article : EDENOR S.A.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PETROLEO BRASILEIRO SA PET
12:42a PETROLEO BRASILEIRO PETROBRAS : Sale of Azulão Field
11/22 LIQUIGÁS SALE PROCESS : Extension of the analysis period by CADE
11/22 PETROLEO BRASILEIRO PETROBRAS : Public offering of Petrobras Distribuidora (BR) ..
11/21 PETROBRAS : - Change in the Production Development and Technology Office
11/21 Petrobras - Prepayment of bank debt and new financing
11/21 PETROBRAS : - Divestment Opportunities in Onshore Fields Start of the non-bindin..
11/21 PETROBRAS : Oil and Gas B.V. divestment start of the non-binding phase
11/21 PETROBRAS : Advances on Divestment of Nigerian Oil Blocks
11/21 PETROBRAS : Prepayment of Bank Debt and New Financing
11/20 PETROLEO BRASILEIRO PETROBRAS : Brazil's new Federal Police director promises to..
More news
News from SeekingAlpha
11/22 Bolivia lines up foreign partners including Petrobras, Repsol for gas deals
11/22 Petrobras seeks as high as $6.8B valuation in distribution unit IPO
11/21 Brazil police make detentions, searches in latest Petrobras probe
11/18 The Week That Was In Review - November 16, 2017
11/17 Petrobras gets $1B bank financing, repays $500M of debt
Financials ( BRL)
Sales 2017 279 B
EBIT 2017 49 134 M
Net income 2017 17 881 M
Debt 2017 297 B
Yield 2017 4,26%
P/E ratio 2017 12,57
P/E ratio 2018 9,71
EV / Sales 2017 1,82x
EV / Sales 2018 1,66x
Capitalization 211 B
Chart PETROLEO BRASILEIRO SA PET
Duration : Period :
Petroleo Brasileiro SA Pet Technical Analysis Chart | PETR4 | BRPETRACNPR6 | 4-Traders
Technical analysis trends PETROLEO BRASILEIRO SA PET
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 18,2  BRL
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Pedro Pullen Parente President, CEO & Executive Director
Luiz Nelson Guedes de Carvalho Chairman
Ivan de Souza Monteiro Chief Financial & Investor Relations Officer
Roberto Moro Chief Engineering & Technology Officer
Segen Farid Estefen Director
Sector and Competitors
1st jan.Capitalization (M$)
PETROLEO BRASILEIRO SA PETROBRAS7.13%64 781
ROYAL DUTCH SHELL0.96%258 085
PETROCHINA COMPANY LIMITED2.52%215 274
TOTAL-5.00%139 081
STATOIL3.54%66 387
ENI-11.25%59 244