|Bid||0.00 x 50700|
|Ask||8.93 x 14000|
|Day's Range||8.83 - 9.05|
|52 Week Range||8.50 - 9.05|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||14.86|
|Earnings Date||May 15, 2018 - May 18, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Greece on Thursday awarded licences to ExxonMobil and Total to search for hydrocarbons off the island of Crete, marking the country's first major foray into an oil and gas search in the region. The companies, in consortium with Hellenic Petroleum , have an eight-year research and exploitation licence in two offshore blocks lying south and south-west of Crete. "Within two to four years we anticipate we will have a clear view of what and what kind of reserves are there," Greek Prime Minister Alexis Tsipras said in a speech at the licensing ceremony.
European stocks took a breather on Thursday after hitting an eight-month high in the previous session, with banking mergers in focus while investors awaited more developments in U.S.-China trade talks. At 0720 GMT, the pan-European STOXX 600 index was down 0.4 percent, having risen more than 3 percent climb in the previous four sessions on hopes that a U.S.-China trade deal could be imminent after both sides reported progress. The Financial Times reported that Italy's UniCredit was preparing a bid as Deutsche Bank's attempt faces obstacles.
** U.S. health insurer Centene Corp confirmed it would buy WellCare Health Plans Inc in a cash-and-stock deal to bulk up its government-backed healthcare business, valuing its smaller rival at $15.27 billion. ** Lufthansa is looking to merge the European operations of its catering unit LSG with a peer as it struggles with low margins in a competitive market on the continent, people close to the matter said.
Core profit at Hellenic Petroleum (HEPr.AT), Greece's biggest oil refiner, is expected to top 1 billion euros (£895.8 million) this year, the company's chief executive said on Sunday. Core profit, or earnings before interest, tax, depreciation and amortisation (EBITDA), including oil inventory holdings, came in at 851 million euros last year. "In 2018 ... reported annual EBITDA will exceed 1 billion euros," CEO Efstathios Tsotsoros said in an interview with the semi-official Athens News Agency.
Greece's biggest oil refiner Hellenic Petroleum (HEPr.AT) expects stronger financial results in the third quarter thanks to higher refining margins, it said on Thursday. "Clearly, third quarter margins have been very strong," Deputy Chief Executive Officer Andreas Shiamishis told an analysts call. Hellenic was replacing it with other sources, including Europe and Saudi Arabia, without any material financial impact.
Workers at Hellenic Petroleum physically prevented suitors eyeing a majority stake in Greece's biggest oil refiner from entering two of its sites in protest at plans to privatise the utility.
This article is intended for those of you who are at the beginning of your investing journey and want to begin learning about how to value company based on itsRead More...