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    GAZP   RU0007661625

PJSC GAZPROM

(GAZP)
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End-of-day quote Moscow Micex - RTS  -  2022-07-07
198.00 RUB   +0.04%
01:18aE.ON cuts value of Nord Stream 1 stake by more than half
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01:07aE.ON cuts value of Nord Stream 1 stake by more than half
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Rouble slides to 2-week low as market awaits clarity on interventions

07/04/2022 | 04:08am EDT

* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine

MOSCOW, July 4 (Reuters) - The Russian rouble slid to a two-week low against the dollar and euro in early Moscow trade on Monday, extending losses sustained in the previous session as the market awaited more information on possible currency interventions.

Russian stock markets slumped late last week after gas giant Gazprom cancelled dividend payments for the first time in more than two decades. The rouble, having lost the support of last week's tax-driven dollar and euro sales, dived sharply away from more than seven-year highs reached on Wednesday.

At 0738 GMT, the rouble was 1.4% weaker against the dollar at 55.27, earlier dropping to 56.5050, its weakest point since June 20.

It had lost 1.3% to trade at 57.29 versus the euro , after also touching a two-week low of 58.90 in early trade.

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

"We expect clarity on the interventions issue and volatile trading around 55 to the dollar this week," said Dmitry Polevoy, head of investment at Locko-Invest.

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 rouble's strength 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.

According to their statements, a rouble rate outside the range of 70 to 80 per dollar is not good for the authorities, said Alfa Capital analyst Alexander Dzhioev in a note.

"So there is not much difference between 50 and 60 roubles to the dollar in terms of how critical it is for the budget," he said. "Both these levels are uncomfortable."

Russian stock indexes were mixed.

The dollar-denominated RTS index was down 0.2% at 1,274.0 points, after dropping to a near three-week low in early trade. The rouble-based MOEX Russian index was 1.3% higher at 2,234.5 points. (Reporting by Reuters)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.08% 0.6817 Delayed Quote.7.30%
BRITISH POUND / EURO (GBP/EUR) 0.05% 1.182 Delayed Quote.-0.43%
BRITISH POUND / US DOLLAR (GBP/USD) 0.04% 1.20751 Delayed Quote.-10.67%
CANADIAN DOLLAR / EURO (CAD/EUR) -0.03% 0.759994 Delayed Quote.9.55%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.01% 0.7755 Delayed Quote.-1.72%
EURO / US DOLLAR (EUR/USD) 0.02% 1.021 Delayed Quote.-10.30%
INDIAN RUPEE / EURO (INR/EUR) 0.13% 0.012319 Delayed Quote.4.47%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.10% 0.012581 Delayed Quote.-6.43%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.07% 0.62889 Delayed Quote.-8.00%
PJSC GAZPROM 0.04% 198 End-of-day quote.-42.32%
PJSC SBERBANK 0.16% 133.3 End-of-day quote.-54.60%
PUBLIC JOINT STOCK COMPANY ALROSA 2.28% 66.84 End-of-day quote.-45.57%
RTS INDEX 0.00%End-of-day quote.-41.03%
US DOLLAR / EURO (USD/EUR) -0.03% 0.979317 Delayed Quote.11.49%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.35% 60.25 Delayed Quote.-18.43%
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Analyst Recommendations on PJSC 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 76 124 M -
EV / Sales 2022 0,60x
EV / Sales 2023 0,79x
Nbr of Employees 468
Free-Float 50,5%
Chart PJSC GAZPROM
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PJSC 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
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