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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 : Standard & Poor's improves Petrobras' rating

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02/10/2017 | 05:48pm EDT

Rio de Janeiro, February 10, 2017 - Petróleo Brasileiro S.A. - Petrobras informs that credit rating agency Standard & Poor's announced that it raised the rating for the Company's corporate debt to 'BB-' from 'B+' and altered its outlook to stable from negative.

The agency noted on its report that the improvement in Petrobras' rating reflects the evolution of its liquidity and a robust cash position that confers greater capacity to handle eventual liabilities. The recovery in the relationship with domestic and foreign banks and in Petrobras' capacity to access capital markets was also highlighted by the agency, which considered debt management operations to be positive. The progress in the Divestment Program and the perspectives to reach the targets set for 2017 and 2018 were also emphasized.

Standard & Poor's further stressed the management's focus on profitability, a more balanced capital structure, and the commitment with deleveraging, as well as the consistency of the new Pricing Policy, which enables greater visibility over Petrobras' cash flow.

The agency also reinforced the progress in corporate governance and the measures adopted to improve internal controls, relationship with suppliers, and decision-making processes.

PETROBRAS - Petróleo Brasileiro SA published this content on 10 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 February 2017 22:48:01 UTC.

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Financials (BRL)
Sales 2019 327 B
EBIT 2019 79 888 M
Net income 2019 33 910 M
Debt 2019 286 B
Yield 2019 3,82%
P/E ratio 2019 8,06x
P/E ratio 2020 7,30x
EV / Sales2019 1,89x
EV / Sales2020 1,64x
Capitalization 332 B
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Technical analysis trends PETROLEO BRASILEIRO SA PET
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TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Average target price 33,91  BRL
Last Close Price 24,02  BRL
Spread / Highest target 70,7%
Spread / Average Target 41,2%
Spread / Lowest Target 24,1%
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 PETROBRAS5.95%82 107
ROYAL DUTCH SHELL-2.14%221 305
PETROCHINA COMPANY-14.15%152 448
TOTAL-5.45%126 024
GAZPROM PAO (EDR)56.02%76 785
GAZPROM PAO--.--%76 785