SGTZY - Surgutneftegas Public Joint Stock Company

Other OTC - Other OTC Delayed Price. Currency in USD
7.25
0.00 (0.00%)
At close: 3:44PM EST
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Previous Close7.25
Open7.25
Bid0.00 x 0
Ask0.00 x 0
Day's Range7.25 - 7.25
52 Week Range3.52 - 7.58
Volume30
Avg. Volume15,425
Market Cap30.617B
Beta (3Y Monthly)0.37
PE Ratio (TTM)1.66
EPS (TTM)4.38
Earnings DateN/A
Forward Dividend & Yield0.10 (1.36%)
Ex-Dividend Date2019-07-17
1y Target EstN/A
  • Russian Stocks Become Emerging-Market Favorites on Dividends
    Bloomberg

    Russian Stocks Become Emerging-Market Favorites on Dividends

    (Bloomberg) -- Russian stocks are enjoying a rally eclipsing almost all equity markets worldwide this year, thanks to dividend yields that are more than double those of their developing-country peers.The dollar-denominated RTS Index is up 35%, busting through its pre-2014 sanctions level as worries about potential new political penalties faded. Russian financial stability, currency strength and cheap valuations have also won over investors, with only Greek stocks beating the Moscow benchmark in 2019.“The dividends have been a game changer,” said Swedbank Robur Fonder AB portfolio manager Elena Loven, who sees the rally continuing into next year. Russian stocks “can easily go up another 40%-50% and still be cheap,” she said.Russia’s state-controlled companies have been under pressure to hand back more profits to the Finance Ministry as dividends in recent years, and stock investors are benefiting as a side effect. Gas exporter Gazprom PJSC has gained 64% since the start of 2019 after it boosted payouts. It plans to distribute half of its net income in dividends in future.The dividend spree is spreading to state lenders such as Sberbank PJSC and VTB Bank PJSC.The two banks now have the capital, growth potential and profits to allow a more generous distribution of dividends, said BCS Global Markets analyst Elena Tsareva. “There’s not much growth in the economy or lending, but there are strong dividends and a stable environment.”Out of 23 Russian members of the MSCI Emerging Markets Index, 15 have delivered total returns surpassing the gauge’s average of 14% this year, according to data compiled by Bloomberg.Analysts have increased their Russian earnings estimates since the start of the year, while trimming their projections for emerging-market companies in general.Russia’s stock indexes are loaded with energy companies, a sector that has been staging a recovery in European equity benchmarks. The Stoxx Europe 600 Oil & Gas Index is trading near the highest level since July amid attractive valuations and optimism around U.S.-China trade talks and their positive impact on global growth.Surgutneftegas PJSC’s more than 80% rally this year has inflamed market speculation about the intentions of Russia’s fourth-largest oil producer. Some analysts speculate that it may use part of its cash pile to buy a stake in larger rival Lukoil PJSC. BCS analyst Sergey Suverov has also said the gains may be explained by the possibility of some of the money going to shareholders as increased dividends.(Updates prices.)To contact the reporters on this story: Áine Quinn in Moscow at aquinn38@bloomberg.net;Filipe Pacheco in Dubai at fpacheco4@bloomberg.netTo contact the editors responsible for this story: Alex Nicholson at anicholson6@bloomberg.net, John ViljoenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 1-Russia sells crude at record premiums to Asia after freight rates surge

    SINGAPORE/MOSCOW, Oct 18 (Reuters) - Russia, the world's No. 2 oil producer, has become an unintended beneficiary of U.S. sanctions after an embargo on Chinese ships drove up tanker freight rates, spurring record premiums for Russian crude that takes just days to arrive in North Asia. Demand for key Russian oil grades sold in Asia has been strong in the past month after an attack on key oil processing facilities in Saudi Arabia drove up prices for spot crude while Asian refiners are processing more low-sulphur grades to meet shippers' demand for cleaner fuels from 2020. Soaring freight rates in the past two weeks prompted Asian buyers to bid up for cargoes that ship over shorter distances such as oil from Russia.

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