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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Petróleo Brasileiro S.A. - Petrobras    PETR4   BRPETRACNPR6

PETRÓLEO BRASILEIRO S.A. - PETROBRAS

(PETR4)
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Latam assets muted, to end week lower on virus worries

07/10/2020 | 10:57am EST

    * Stocks and currencies indexes set for weekly declines
    * U.S. record rise in COVID-19 cases chokes risk appetite
    * Petrobras up as Mubadala set for talks to buy Bahia
refinery

    By Shreyashi Sanyal
    July 10 (Reuters) - Most stocks and currencies in Latin
America were set to end the week with declines on Friday, on
concerns over a record rise in coronavirus infections in the
United States. 
    MSCI's index for Latin American stocks fell
0.3%, while its currencies counterpart shed
0.4%. Both indexes tracked weekly falls, with investors showing
more exposure to safe-haven assets, including gold and the
Japanese yen.     
    More than 60,500 new coronavirus infections reported across
the United States on Thursday, a single-day record rise, weighed
further on markets' mood.
    Rising coronavirus cases sparked worries of tighter
containment measures, which could delay the ongoing economic
recovery. Latam markets have rebounded sharply from a meltdown
in March, but surging cases, political issues, concerns over
sovereign debt and deteriorating economic fundamentals have
weighed.
    The Mexican peso was flat against the dollar, with
data showing a 1.8% decline in industrial output in May from
April and down 30.7% year-over-year.     
    "May's release suggests that Mexico's economy has probably
suffered one of the largest peak-to-trough falls in output in
the emerging world," said Nikhil Sanghani, assistant economist
at Capital Economics.
    "What's more, its (Mexico) recovery has been delayed and is
likely to be weaker than in other emerging markets where the
virus is under control."
    In Brazil, inflation as measured by the IPCA consumer price
index rose 0.26% in June over May, picking up after the
deflation reported in the previous month. The real was
largely flat, while Sao Paulo stocks eked out gains.

    State-owned oil company Petrobras rose 0.5% after
it said Abu Dhabi's investment fund, Mubadala Investment Co
          , will enter into exclusive talks to purchase Brazil's
second-largest refinery. 
    Chile's peso fell as prices of its main export,
copper, slipped on worries over a sharp rise in virus infections
that shadowed optimism over resurgent demand in top consumer
China.
    In Venezuela, the congress on Thursday said it hired two
U.S. firms to manage $80 million seized from President Nicolas
Maduro's government after Washington disavowed it and recognized
opposition leader Juan Guaido as the country's legitimate
president.    
    Key Latin American stock indexes and currencies; 
    
 Stock indexes            Latest       Daily % change
 MSCI Emerging                1067.68           -1.11
 Markets                               
 MSCI LatAm                   1964.88           -0.29
                                       
                                       
 Brazil Bovespa              99338.62            0.18
                                       
 Mexico IPC                  36678.81           -0.32
                                       
 Chile IPSA                   4014.28           -0.44
                                       
 Argentina MerVal            42747.55           0.588
                                       
 Colombia COLCAP              1142.59           -0.04
                                       
                                                     
    Currencies            Latest       Daily % change
 Brazil real                   5.3393            0.04
                                       
 Mexico peso                  22.6035            0.10
                                       
 Chile peso                     788.9           -0.11
                                       
 Colombia peso                3608.19            0.16
                                       
 Peru sol                      3.5068           -0.20
                                       
 Argentina peso               70.9300           -0.07
 (interbank)                           
                                       
 Argentina peso                   123            3.25
 (parallel)                            
                                       
 

 (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Dan
Grebler)
  

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
EURO / ARGENTINE PESO (EUR/ARS) 0.21% 97.2382 Delayed Quote.44.28%
EURO / BRAZILIAN REAL (EUR/BRL) 0.66% 6.4031 Delayed Quote.42.02%
IBOVESPA -1.52% 108893.32 Delayed Quote.-4.40%
LONDON BRENT OIL -0.27% 47.54 Delayed Quote.-27.73%
MERVAL BUENOS AIRES -1.54% 54572.54 Real-time Quote.33.01%
MEXICO IPC 0.40% 41772.84 Real-time Quote.-4.46%
PETRÓLEO BRASILEIRO S.A. - PETROBRAS -1.64% 25.82 End-of-day quote.-14.45%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.00% 81.3 Delayed Quote.35.15%
WTI -0.46% 44.965 Delayed Quote.-26.73%
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Financials
Sales 2020 288 B 53 807 M 53 807 M
Net income 2020 -54 457 M -10 179 M -10 179 M
Net Debt 2020 358 B 66 840 M 66 840 M
P/E ratio 2020 -4,47x
Yield 2020 1,35%
Capitalization 332 B 61 653 M 62 016 M
EV / Sales 2020 2,39x
EV / Sales 2021 1,89x
Nbr of Employees 57 983
Free-Float 64,3%
Chart PETRÓLEO BRASILEIRO S.A. - PETROBRAS
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Petróleo Brasileiro S.A. - Petrobras Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PETRÓLEO BRASILEIRO S.A. - PETROBRAS
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Average target price 33,03 BRL
Last Close Price 24,90 BRL
Spread / Highest target 62,7%
Spread / Average Target 32,7%
Spread / Lowest Target 8,43%
EPS Revisions
Managers
NameTitle
Roberto da Cunha Castello Branco President, Chief Executive Officer & Director
Eduardo Bacellar Leal Ferreira Chairman
Andrea Marques De Almeida Chief Financial & Investor Relations Officer
Marcelo da Silva Carreras Head-IT & Telecommunications
Marcia Tosta Head-Cyber & Information Security
Sector and Competitors
1st jan.Capitalization (M$)
PETRÓLEO BRASILEIRO S.A. - PETROBRAS-14.45%62 842
SAUDI ARABIAN OIL COMPANY1.84%1 905 295
ROYAL DUTCH SHELL PLC-42.21%137 946
TOTAL SE-23.37%118 487
PETROCHINA COMPANY LIMITED-32.23%113 012
GAZPROM-27.57%57 880