|Bid||13.00 x 47300|
|Ask||13.01 x 900|
|Day's Range||12.88 - 13.08|
|52 Week Range||7.55 - 15.75|
|Beta (3Y Monthly)||-0.35|
|PE Ratio (TTM)||17.68|
|Forward Dividend & Yield||0.45 (3.27%)|
|1y Target Est||18.62|
A Latin American stocks benchmark rose on Tuesday, boosted by strong gains in index heavyweight Brazil, and the region's currencies firmed broadly against the dollar as frosty U.S.-China ties marginally ...
Brazil's state-run oil company Petrobras said on Tuesday its board of directors approved an addendum to a transfer-of-rights oil contract that will see it reimbursed to the tune of $9.06 billion, but the deal remains subject to governmental agreement. Approval depends on the publication of a Ministry of Mines and Energy decree that does not violate the rights and conditions from the contract Petrobras has already negotiated, the company said in a statement.
Latin American currencies softened on Friday against a robust dollar amid rising U.S.-China tensions, with Brazil's real facing intense selling pressure as investors' concerns about growth in Latin America's ...
RIO DE JANEIRO/SAO PAULO, May 17 (Reuters) - Brazilian state-run oil firm Petroleo Brasileiro SA has removed three banks from the privatization process of fuel distribution unit Petrobras Distribuidora, four sources with knowledge of the matter told Reuters this week. BR Distribuidora, as the unit is known, is among the assets that Petrobras intends sell to reduce debt and increase investments in oil exploration and production. Petrobras holds a 71.25% stake in BR Distribuidora and is seeking to privatize the fuel distributor through a share offering in the coming weeks.
Rio office occupancy is inching up for the second straight year, as the oil industry emerges from a sprawling corruption scandal that was compounded by a price rout and a bankrupt state government, according to CBRE Group Inc, which tracks rentals and has its own database based on private surveys. As oil prices rebound and state-controlled oil company Petroleo Brasileiro SA slims down by selling assets to and partnering with global majors, there’s a resurgent demand for prime office space in downtown Rio. With a mega-auction coming in October that’s expected to attract the likes of Exxon Mobil Corp, Royal Dutch Shell Plc and Chevron Corp, the outlook is quickly improving.
Latin American currencies softened against the dollar on Monday, with global risk appetite hammered by rising U.S.-China trade tensions, which prompted some investors in Latin American stocks to cash out ...
Brazil's Petroleo Brasileiro SA is not planning on selling any refining assets in addition to the refineries it has already publicly slated for divestment, an executive wrote in a letter to employees last week. In the letter, Anelise Lara, head of downstream operations, added that Petrobras, as the company is known, expected to conclude the planned sale of eight refineries in 2021. In April, Petrobras detailed plans to sell the refineries, in a process Chief Executive Roberto Castello Branco said could fetch some $15 billion.
A benchmark Latin American stock index fell on Thursday, while most Latin American currencies softened against the dollar, with investors shifting to safer assets as they awaited new developments in the ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of YPFB Transierra S.A. New York, May 09, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of YPFB Transierra S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Brazilian state-controlled oil company Petroleo Brasileiro SA is expected to launch its secondary share offering on May 24, one person with knowledge of the matter said on Thursday. Petrobras filed Wednesday night with the SEC for the secondary offering of up to 241.34 million shares owned by state lender Caixa Economica Federal, worth around $2.3 billion.
Oil and gas production at Petroleo Brasileiro SA is on the rise, executives said on Wednesday, telling analysts that the company was on course to hit its annual production target despite lagging output in the first three months of the year. In a call with analysts following the release of first-quarter results, Petrobras Exploration and Production Director Carlos Alberto de Oliveira reaffirmed the company's production goal of 2.8 million barrels of oil equivalent per day (boepd) for 2019, adding that the company has been exceeding that figure in May. Talking to reporters later in the day, Petrobras Chief Executive Roberto Castello Branco credited rising production for lifting the company's share price on Wednesday, saying twice that investors liked the firm's quarterly figures more than the press did.
A Nigerian court on Wednesday dismissed government claims that subsidiaries of Eni and Petrobras illegally exported crude oil to the United States, but a lawyer representing authorities in the West African country said an appeal had been launched. Crude oil sales are the mainstay of Africa's biggest economy, making up two-thirds of the country's revenue and around 90 percent of foreign-exchange earnings. In a lawsuit filed in 2016, Nigeria alleged that a number of companies exported a total of 57 million barrels of crude oil to the United States between 2011 and 2014.
Petrobras’ most recent news has put investors on edge, but that hasn’t stopped hedge funds from placing big bets on Brazil’s oil giant
Oil and gas production at Petroleo Brasileiro SA is on the rise in the second quarter, and has been above 2.8 million barrels of oil equivalent per day (boepd) so far in May, a company executive said on Wednesday. In a call with analysts following the release of first-quarter results, Exploration and Production Director Carlos Alberto de Oliveira reaffirmed the firm's production goal of 2.8 million boepd for 2019. In the first quarter, the firm reported oil production of 2.538 million boepd, as output was hit by a number of stoppages.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Cia de Gas de Sao Paulo - COMGAS and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Brazilian fuel distribution company Petrobras Distribuidora SA posted a hefty rise in net income in the first quarter, reflecting a reduction of financial expenses in the period and one-off gains stemming from certain debt renegotiation agreements. According to a securities filing late on Monday, the fuel distribution company recognized a 181 million real ($45.61 million) gain after debt renegotiations with distributors and ex-distributors of electric utility Centrais Eletricas Brasileiras SA. Net income was 477 million reais in the first quarter, a 93 percent rise from a year ago, the filing said.
Brazil's Petroleo Brasileiro SA drew plaudits from investors last month for announcing a plan to sell off eight of its refineries in a process the company says could fetch some $15 billion. "I think it's a little bit for show to make it seem like the refining market is being opened up," said Alberto Barriga, a former refining executive at Petrobras and a partner at consultancy Bizup. In response to questions from Reuters, Petrobras said its refineries in Sao Paulo and Rio de Janeiro will be subject to competition from fuel imports and cabotage, or the transport of fuel from other refineries within Brazil.
Joao Braga and Marcos Peixoto, who manage 5 billion reais ($1.3 billion) at XP Asset Management, have increased their stake in Petrobras, as the company is known, making it the biggest holding of their XP Long Biased fund even as the oil producer’s rally has outpaced the benchmark. “The stock is cheap,” Braga said in an interview at XP’s Sao Paulo offices.
Latin American currencies softened against a stronger U.S. dollar on Thursday, a day after the U.S. Federal Reserve kept interest rates steady, while most regional stock markets broadly fell along with ...
Petrobras Distribuidora SA , Brazil's largest fuel distributor, has received five bids from retailers to partner for the operation of its convenience stores in gas stations, one source with knowledge of the matter said on Thursday. Among the groups that delivered proposals, are retailer Lojas Americanas SA and restaurant operators International Meal Company and privately-held Sapore, said the source, who requested anonymity because the talks are private. Mexico's convenience store chain Oxxo, controlled by Femsa SAB de CV, also delivered a bid, as well as Sforza Holding, the family offices that manages the fortune of Brazilian billionaire Carlos Wizard Martins, which owns retailers, restaurants and education companies in Brazil.
Latin American currencies softened against a solid U.S. dollar on Thursday, a day after the U.S. Federal Reserve kept interest rates steady and its Chair Jerome Powell said policymakers saw no strong reason ...
BP’s Q1 Earnings Beat the Estimate, Stock Rose 2%(Continued from Prior Part)Implied volatility BP (BP) posted its first-quarter earnings, which beat analysts’ earnings expectation. The stock reacted positively to the news. In this part, we’ll