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    GAZP   RU0007661625

GAZPROM

(GAZP)
  Report
End-of-day quote Moscow Micex - RTS  -  2022-07-07
198.00 RUB   +0.04%
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Rouble weakens, Gazprom shares extend losses after cancelling dividends

07/01/2022 | 03:37am EDT
FILE PHOTO: Russian 1000-rouble banknotes, 50 and 10 kopeck coins are seen at a private company's office in Krasnoyarsk

MOSCOW (Reuters) - Shares in Russian energy giants Rosneft and Gazprom followed divergent courses on Friday as investors responded to the two companies' opposing dividend decisions, while the rouble fell sharply from seven-year highs hit this week.

At 0716 GMT, gas giant Gazprom's shares were down 6.9%, extending heavy losses from the previous session after it decided not to pay dividends on last year's results for the first time in more than two decades.

Meanwhile, shares in oil major Rosneft, which approved 2021 dividend payments after Thursday's closing bell, were gaining ground, up 4.6%.

"There are few reasons for optimism in the Russian market," said Otkritie Research in a note.

The commodity sectors of the market will be under pressure and the rouble may shed some ground before the weekend, Otkritie said.

The rouble was 2.7% weaker against the dollar at 52.84 and had lost 2.2% to trade at 54.85 versus the euro.

The rouble has become the world's best-performing currency this year, boosted by measures taken to shield Russia's financial system from Western sanctions imposed after Moscow sent troops into Ukraine on Feb. 24.

The measures have included restrictions on Russian households withdrawing foreign currency savings.

The strong rouble has raised concerns among officials and export-focused companies because it dents Russia's income from selling commodities and other goods abroad for dollars and euros.

Russian stock indexes were falling, extending Thursday's losses.

The dollar-denominated RTS index was down 2.7% to 1,309.4 points. The rouble-based MOEX Russian index was 0.3% lower at 2,198.3 points.

For Russian equities guide see

For Russian treasury bonds see

(Reporting by Reuters; Editing by Gareth Jones)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.08% 0.68955 Delayed Quote.8.65%
BRITISH POUND / EURO (GBP/EUR) 0.05% 1.18982 Delayed Quote.-0.60%
BRITISH POUND / US DOLLAR (GBP/USD) 0.08% 1.21045 Delayed Quote.-10.37%
CANADIAN DOLLAR / EURO (CAD/EUR) -0.01% 0.765398 Delayed Quote.9.58%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.02% 0.7785 Delayed Quote.-1.08%
EURO / US DOLLAR (EUR/USD) 0.03% 1.0172 Delayed Quote.-10.63%
GAZPROM 0.04% 198 End-of-day quote.-42.32%
GAZPROM NEFT 0.61% 390.3 End-of-day quote.-28.36%
INDIAN RUPEE / EURO (INR/EUR) 0.45% 0.012422 Delayed Quote.3.78%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.50% 0.012634 Delayed Quote.-6.47%
LONDON BRENT OIL -0.17% 92.42 Delayed Quote.25.24%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.04% 0.63401 Delayed Quote.-5.68%
ROSNEFT OIL COMPANY -3.77% 351.2 End-of-day quote.-41.46%
RTS INDEX 0.00%End-of-day quote.-41.03%
US DOLLAR / EURO (USD/EUR) -0.03% 0.983081 Delayed Quote.10.89%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.01% 61.4872 Delayed Quote.-17.93%
WTI -0.23% 86.801 Delayed Quote.21.55%
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Analyst Recommendations on GAZPROM
More recommendations
Financials (USD)
Sales 2022 163 B - -
Net income 2022 56 293 M - -
Net Debt 2022 23 071 M - -
P/E ratio 2022 1,72x
Yield 2022 21,2%
Capitalization 74 282 M 76 426 M -
EV / Sales 2022 0,60x
EV / Sales 2023 0,79x
Nbr of Employees 468
Free-Float 50,5%
Chart GAZPROM
Duration : Period :
Gazprom Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 3,14 $
Average target price 4,76 $
Spread / Average Target 51,4%
EPS Revisions
Managers and Directors
Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Denis Vladimirovich Fedorov Head-Marketing & Administration Department
Yuri Stanislavovich Nosov Head-Administration Department
Timur Askarovich Kulibayev Independent Director
Sector and Competitors
1st jan.Capi. (M$)
GAZPROM-42.32%76 215
SAUDI ARABIAN OIL COMPANY22.29%2 368 797
SHELL PLC34.54%192 973
PETROCHINA COMPANY LIMITED-2.02%133 230
TOTALENERGIES SE13.62%131 814
EQUINOR ASA49.05%115 883