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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 | 12:49pm EST
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 2018 353 B
EBIT 2018 71 588 M
Net income 2018 31 656 M
Debt 2018 287 B
Yield 2018 3,42%
P/E ratio 2018 9,87
P/E ratio 2019 8,34
EV / Sales 2018 1,81x
EV / Sales 2019 1,62x
Capitalization 351 B
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 28,3  BRL
Spread / Average Target 14%
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Managers
NameTitle
Roberto Castello Branco Chief Executive Officer
Jerônimo Antunes Chairman
Rafael Salvador Grisolia Chief Financial Officer
Roberto Moro Chief Engineering & Technology Officer
Hugo Repsold Chief Technology & Production Development Officer
Sector and Competitors
1st jan.Capitalization (M$)
PETROLEO BRASILEIRO SA PETROBRAS9.66%94 992
ROYAL DUTCH SHELL2.63%249 339
PETROCHINA COMPANY1.39%188 532
TOTAL1.88%142 418
EQUINOR2.86%73 939
NK ROSNEFT' PAO--.--%67 679