|Bid||13.87 x 370000|
|Ask||13.95 x 1012000|
|Day's Range||13.74 - 13.94|
|52 Week Range||12.18 - 15.92|
|PE Ratio (TTM)||66.38|
|Earnings Date||Oct 27, 2017|
|Dividend & Yield||0.95 (6.17%)|
|1y Target Est||15.30|
KMGK is using the funds to pay for its 8.48 percent stake in Kashagan, which it acquired in 2008. KazMunaiGas (KMG) increased its share in the Kashagan project in 2008 by 8.48 percent to 16.81 percent after equity participation of other consortium shareholders decreased in exchange for the government's permission to extend the budget and project time frame. "KMGK received an additional prepayment on August 10, 2017 for the amount of $600 mln and made early repayment of the second instalment … for a total sum of $804.4 mln," KMGK said on its website.
Third quarter results will be the catalyst for gains amongst European oil majors as earnings revisions turn positive, according to Goldman's analysts.
A decade after oil was discovered off the coast of Ghana, hopes that it would provide rocket fuel for the economy have given way to a more sputtering reality. The crude price crash in 2014, coupled with ...