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    PETR4   BRPETRACNPR6

PETRÓLEO BRASILEIRO S.A. - PETROBRAS

(PETR4)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Latam assets muted, to end week lower on virus worries

07/10/2020 | 10:57am EDT

    * 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.
CANADIAN DOLLAR / MEXICAN PESO (CAD/MXN) 0.00% 16.716817 Delayed Quote.5.86%
EURO / ARGENTINE PESO (EUR/ARS) -0.40% 113.1396 Delayed Quote.10.58%
EURO / BRAZILIAN REAL (EUR/BRL) 0.83% 6.0361 Delayed Quote.-5.65%
IBOVESPA 0.27% 128405.35 Delayed Quote.7.89%
LONDON BRENT OIL 0.44% 73.22 Delayed Quote.41.20%
MERVAL BUENOS AIRES -1.96% 65136 Real-time Quote.29.70%
MEXICO IPC 0.34% 50261.68 Real-time Quote.13.62%
PETRÓLEO BRASILEIRO S.A. - PETROBRAS 0.68% 28.32 End-of-day quote.-0.07%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.00% 95.38 Delayed Quote.13.40%
WTI 0.78% 71.41 Delayed Quote.47.13%
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Financials
Sales 2021 370 B 72 633 M 72 633 M
Net income 2021 62 862 M 12 353 M 12 353 M
Net Debt 2021 269 B 52 891 M 52 891 M
P/E ratio 2021 5,73x
Yield 2021 4,70%
Capitalization 373 B 73 789 M 73 209 M
EV / Sales 2021 1,74x
EV / Sales 2022 1,52x
Nbr of Employees 49 050
Free-Float 64,3%
Chart PETRÓLEO BRASILEIRO S.A. - PETROBRAS
Duration : Period :
Petróleo Brasileiro S.A. - Petrobras Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PETRÓLEO BRASILEIRO S.A. - PETROBRAS
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Average target price 32,17 BRL
Last Close Price 28,32 BRL
Spread / Highest target 34,2%
Spread / Average Target 13,6%
Spread / Lowest Target -14,2%
EPS Revisions
Managers and Directors
NameTitle
Joaquim Silva e Luna Chief Executive Officer & Director
Rodrigo Araujo Alves Chief Financial Officer
Eduardo Bacellar Leal Ferreira Chairman
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-0.07%73 789
SAUDI ARABIAN OIL COMPANY0.71%1 878 898
ROYAL DUTCH SHELL PLC14.07%150 030
PETROCHINA COMPANY LIMITED49.17%138 954
TOTALENERGIES SE12.00%123 253
GAZPROM28.59%88 167