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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Petroleo Brasileiro SA Petrobras    PETR4   BRPETRACNPR6

PETROLEO BRASILEIRO SA PETROBRAS

(PETR4)
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Petroleo Brasileiro Petrobras : Brazil judge temporarily allows Petrobras to continue divestment program

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01/12/2019 | 01:49pm EDT
Brazil's state-run Petrobras oil company headquarters is pictured in Rio de Janeiro

SAO PAULO (Reuters) - The chief justice of Brazil's Supreme Court has restored a presidential decree regulating how state-controlled Petroleo Brasileiro SA can carry out an ambitious divestment program meant to reduce the company's significant debt.

Judge Dias Toffoli's decision, signed on Friday, overturned an injunction issued by a colleague last month. Toffoli's ruling should hold until Feb. 27, when the full Supreme Court will hear the case.

The December injunction, following a lawsuit filed by the opposition Workers Party, raised doubts about the ability of Petrobras, as the company is known, to carry out the divestments as planned.

Petrobras is planning asset sales of $26.9 billion over the next five years, according to a strategic outlook released late last year.

(Reporting by Paula Arend Laier; Writing by Marcelo Rochabrun; Editing by Chizu Nomiyama)

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Financials (BRL)
Sales 2019 365 B
EBIT 2019 74 986 M
Net income 2019 31 905 M
Debt 2019 263 B
Yield 2019 2,94%
P/E ratio 2019 10,78
P/E ratio 2020 8,41
EV / Sales 2019 1,82x
EV / Sales 2020 1,55x
Capitalization 400 B
Chart PETROLEO BRASILEIRO SA PETROBRAS
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Technical analysis trends PETROLEO BRASILEIRO SA PET
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TrendsBullishBullishBullish
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 31,3  BRL
Spread / Average Target 9,6%
EPS Revisions
Managers
NameTitle
Eduardo Bacellar Leal Ferreira Chairman
Rafael Salvador Grisolia Chief Financial Officer
Roberto Moro Chief Engineering & Technology Officer
Hugo Repsold Chief Technology & Production Development Officer
Segen Farid Estefen Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PETROLEO BRASILEIRO SA PETROBRAS25.93%105 210
ROYAL DUTCH SHELL9.96%262 909
PETROCHINA COMPANY8.46%203 374
TOTAL9.31%152 175
EQUINOR ASA6.23%76 683
NK ROSNEFT' PAO--.--%67 956