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

4-Traders Homepage  >  Equities  >  BOLSA DE VALORES DE SAO PAULO  >  Petroleo Brasileiro SA Petrobras    PETR4   BRPETRACNPR6

End-of-day quote. End-of-day quote  - 08/27
12.55 BRL   --.--%
08/27 PETROLEO BRASIL : L’ancien président Lula cité dans l’en..
08/27 PETROLEO BRASIL : Jurist behind drive to oust Brazil's Rousseff says..
08/27 PETROLEO BRASIL : Brazilian Federal police press corruption charges ..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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 CEST
  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
08/27 PETROLEO BRASILEIRO PETROBRAS : L’ancien président Lula cité dans l’..
08/27 PETROLEO BRASILEIRO PETROBRAS : Jurist behind drive to oust Brazil's Rousseff sa..
08/27 PETROLEO BRASILEIRO PETROBRAS : Brazilian Federal police press corruption charge..
08/26 PETROLEO BRASILEIRO PETROBRAS : Shouts, charges of 'stupidity,' at Brazil presid..
08/26 PETROLEO BRASILEIRO PETROBRAS : Brazil police recommend corruption charges again..
08/26 PETROLEO BRASILEIRO PETROBRAS : Charges recommended for Brazil ex-president Silv..
08/26 PETROLEO BRASILEIRO PETROBRAS : 2016 Q2 - Financial Statement
08/25DJPETROLEO BRASILEIRO PETROBRAS : S&P Cuts Rio de Janeiro State's Credit Rating
08/24 PETROLEO BRASILEIRO PETROBRAS : Decision on the preemptive right in the transact..
08/24 PETROLEO BRASILEIRO PETROBRAS : Rio Olympics over, final decision on Brazil pres..
More news
Sector news : Integrated Oil & Gas
08/26 STATOIL : No impact from Brexit on Norway gas exports to Britain - minister
08/25DJPETROCHINA : China Oil Drillers Take Hit -- WSJ
08/24DJPETROCHINA : and Cnooc Results Plunge
08/24DJPETROCHINA : and Cnooc Results Plunge
08/24DJPETROCHINA : Correction to PetroChina Sees First-Half Net Profit Plunge 98%
More sector news : Integrated Oil & Gas
News from SeekingAlpha
08/26 Petrobras upgraded at Credit Suisse, although still not a fan
08/26 REUTERS : Petrobras voluntary layoff program accepted by 6,100 employees
08/24 Brazil judge OKs sale of Petrobras unit to Mitsui
08/22 Can The Brazilian Rally Continue?
08/19 Three Reasons Why Petrobras Is The Best Oil Play Of 2016
Advertisement
Financials ( BRL)
Sales 2016 315 532 M
EBIT 2016 39 485 M
Net income 2016 3 339 M
Debt 2016 368 634 M
Yield 2016 3,16%
P/E ratio 2016 43,94
P/E ratio 2017 8,90
EV / Sales 2016 1,74x
EV / Sales 2017 1,47x
Capitalization 181 645 M
More Financials
Chart PETROLEO BRASILEIRO SA PET
Duration : Period :
Petroleo Brasileiro SA Pet Technical Analysis Chart | PETR4 | BRPETRACNPR6 | 4-Traders
Full-screen chart
Technical analysis trends PETROLEO BRASILEI...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 11,8  BRL
Spread / Average Target -6,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Pedro Pullen Parente Chief Executive Officer & Director
Aldemir Bendine President & Director
Luiz Nelson Guedes de Carvalho Chairman
Ivan de Souza Monteiro Chief Financial & Investor Relations Officer
Roberto Moro Chief Engineering & Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
PETROLEO BRASILEIRO SA..87.01%55 673
PETROCHINA COMPANY LIM..-11.38%193 960
TOTAL3.19%122 587
NK ROSNEFT' PAO--.--%57 420
ENI SPA-3.26%55 372
STATOIL ASA6.55%51 806
More Results