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MarketScreener Homepage  >  Equities  >  Moscow Micex - RTS  >  Gazprom    GAZP   RU0007661625

GAZPROM

(GAZP)
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Gazprom Sees Lower Investments, Borrowings for 2020 Due to Changing Market Conditions

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09/14/2020 | 05:11am EDT

By Matteo Castia

 

Gazprom PJSC said Monday that its revised investment program and total borrowings for 2020 will be smaller than previously envisaged, adjusting to external market conditions such as the coronavirus pandemic.

The Russian energy giant said the overall amount of investments for the year will be 922.49 billion roubles ($12.32 billion), RUB192.24 billion less than planned in the original investment plan approved last December.

Of that amount, RUB720.67 billion is intended for capital construction projects, RUB105.79 billion for the acquisition of non-current assets by Gazprom, and RUB96.02 billion for long-term financial investments, the company said.

Borrowings for the year excluding intra-group borrowings will stand at RUB501.29 billion, a decrease of RUB56.48 billion from the original draft, it added.

"As a result of cost optimization measures, the operating costs will be reduced by RUB297.1 billion. This financial plan will provide for a full coverage of the company's liabilities without a deficit," Gazprom said.

 

Write to Matteo Castia at matteo.castia@dowjones.com

 

Stocks mentioned in the article
ChangeLast1st jan.
GAZPROM 0.23% 177.96 End-of-day quote.-30.59%
GAZPROM NEFT -0.92% 289.65 End-of-day quote.-31.06%
PUBLIC JOINT STOCK COMPANY GAZPROM -0.66% 4.546 Delayed Quote.-44.39%
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Financials (USD)
Sales 2020 77 981 M - -
Net income 2020 3 349 M - -
Net Debt 2020 48 812 M - -
P/E ratio 2020 1 415x
Yield 2020 0,07%
Capitalization 4 198 B 54 353 M -
EV / Sales 2020 54,5x
EV / Sales 2021 46,0x
Nbr of Employees 473 800
Free-Float 50,5%
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Technical analysis trends GAZPROM
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 12
Average target price 3,36 $
Last Close Price 177,96 $
Spread / Highest target -97,2%
Spread / Average Target -98,1%
Spread / Lowest Target -98,7%
EPS Revisions
Managers
NameTitle
Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Timur Askarovich Kulibayev Independent Director
Vladimir Alexandrovich Mau Director
Andrey Igorevich Akimov Director
Sector and Competitors
1st jan.Capitalization (M$)
GAZPROM-30.59%54 687
SAUDI ARABIAN OIL COMPANY3.97%1 953 261
PETROCHINA COMPANY LIMITED-40.15%104 289
ROYAL DUTCH SHELL PLC-56.45%101 185
TOTAL SE-39.63%91 206
EQUINOR ASA-19.80%48 518