Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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
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 [email protected]


(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
11:00a PETROBRAS : ’ no to biofuels plan
06:03a PETROLEO BRASILEIRO PETROBRAS : Brazil corruption scandal is business as usual f..
04/24 PETROLEO BRASILEIRO PETROBRAS : Odebrecht Ordered to Pay $2.6 Billion to Settle ..
04/24 PETROLEO BRASILEIRO PETROBRAS : Odebrecht Ordered to Pay $2.6 Billion to Settle ..
04/22 PANAMA : Accusés de blanchiment d'argent, Mossack et Fonseca libérés sous cautio..
04/22 PETROLEO BRASILEIRO PETROBRAS : Brazil's Temer says campaign-finance case won't ..
04/20 CLARIFICATION ON NEWS : New bidding rules for the production sharing regime
04/20 SIEM OFFSHORE INC. : - Change to Financial Statements for 2016 Subsequent to Pre..
04/20 PETROLEO BRASILEIRO PETROBRAS : Statoil entry into Carcar oil field blocked
04/20 TechnipFMC & DOF Commenced a Charter Contract with Petrobras
More news
Sector news : Integrated Oil & Gas
04/24DJEnergy Firms' $5.1 Billion Financing for Russia Gas Pipeline Stokes EU Fears ..
04/24DJEnergy Firms' $5.1 Billion Financing for Russia Gas Pipeline Stokes EU Fears ..
04/24 Gazprom's Western partners agree financing for $10.3 billion Nord Stream 2 pi..
04/24 OMV to secure long-term financing for 30 percent of its Nordstream 2 share
04/24DJEurope Energy Firms to Finance Up To ?4.75 Billion for Gazprom Nord Stream 2 ..
More sector news : Integrated Oil & Gas
News from SeekingAlpha
04/20 The Top 12 Reasons To Consider This 9.3% Yielder
04/19 TechnipFMC starts eight-year charter contract for pipe-laying support vessel
04/18 Petrobras oilfield sale to Statoil suspended by Brazil court
04/17 Should Royal Dutch Shell Trade At A Premium To BP?
04/13 REUTERS : Brazil government may let Petrobras back out of pre-salt bids
Financials ( BRL)
Sales 2017 311 709 M
EBIT 2017 46 197 M
Net income 2017 18 431 M
Debt 2017 306 487 M
Yield 2017 5,05%
P/E ratio 2017 11,98
P/E ratio 2018 8,14
EV / Sales 2017 1,58x
EV / Sales 2018 1,34x
Capitalization 185 694 M
More Financials
Duration : Period :
Petroleo Brasileiro SA Pet Technical Analysis Chart | PETR4 | BRPETRACNPR6 | 4-Traders
Full-screen chart
Technical analysis trends PETROLEO BRASILEI...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 16,8  BRL
Spread / Average Target 19%
Consensus details
EPS Revisions
More Estimates Revisions
Pedro Pullen Parente President, CEO & Executive Director
Luiz Nelson Guedes de Carvalho Chairman
Ivan de Souza Monteiro Chief Financial & Investor Relations Officer
Roberto Moro Chief Engineering & Technology Officer
Luiz Augusto Fraga Navarro de Britto Filho Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ROYAL DUTCH SHELL A-7.43%216 278
TOTAL-4.60%126 877
NK ROSNEFT' PAO--.--%60 893
ENI SPA-6.14%57 415
More Results