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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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Russian rouble rises; Gazprom shares plummet on no-dividends move

06/30/2022 | 04:27am EDT
FILE PHOTO: A picture illustration shows Russian rouble banknotes of various denominations on a table in Warsaw

MOSCOW (Reuters) - The Russian rouble rose on Thursday, heading towards its strongest levels since 2015 as it retained support from high commodity prices, while shares in Gazprom plummeted after the gas giant said it would not pay dividends.

Gazprom shares had fallen 22.7% to 230 roubles ($4.31) by 0754 GMT, minutes after the company said its shareholders had decided against distributing dividends on the 2021 results.

The rouble pared intraday gains after Gazprom's move but was still up 0.8% at 52.80 to the dollar after nearing the 50 mark on Wednesday for the first time since May 2015.

Against the euro, the rouble rose 2% to 54.90, having climbed beyond 53 earlier this week for the first time since April 2015.

The rouble has become the world's best-performing currency http://fingfx.thomsonreuters.com/gfx/rngs/GLOBAL-CURRENCIES-PERFORMANCE/0100301V041/index.html 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.

On Wednesday, Finance Minister Anton Siluanov said Russia could cut state spending and channel funds for foreign currency interventions to keep a lid on the rouble's strengthening, which threatens budget revenue.

The central bank could also ease upside pressure on the rouble by cutting interest rates as inflation slows and the economy needs cheaper lending. The central bank will next meet on interest rates on July 25.

Russian stock indexes were down. The dollar-denominated RTS index fell 4.9% to 1,345.1 points, dragged lower by Gazprom. The rouble-based MOEX Russian index was 5.5% lower at 2,251.0 points.

($1 = 53.4000 roubles)

(Reporting by Reuters)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALROSA 2.28% 66.84 End-of-day quote.-45.57%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.04% 0.69052 Delayed Quote.8.65%
BRITISH POUND / EURO (GBP/EUR) -0.06% 1.18518 Delayed Quote.-0.60%
BRITISH POUND / US DOLLAR (GBP/USD) -0.06% 1.20423 Delayed Quote.-10.37%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.01% 0.762736 Delayed Quote.9.58%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.05% 0.77485 Delayed Quote.-1.08%
EURO / US DOLLAR (EUR/USD) 0.02% 1.016 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) 0.21% 0.012392 Delayed Quote.3.78%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.24% 0.012601 Delayed Quote.-6.47%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.08% 0.6352 Delayed Quote.-5.68%
RTS INDEX 0.00%End-of-day quote.-41.03%
SBERBANK 0.16% 133.3 End-of-day quote.-54.60%
US DOLLAR / EURO (USD/EUR) -0.02% 0.984145 Delayed Quote.10.89%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.24% 60.151 Delayed Quote.-17.93%
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Analyst Recommendations on GAZPROM
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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 76 215 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 COMPANY24.29%2 362 941
SHELL PLC34.54%196 639
TOTALENERGIES SE13.62%136 187
PETROCHINA COMPANY LIMITED1.44%135 308
EQUINOR ASA51.63%119 307