|Bid||12.57 x 200|
|Ask||12.57 x 400|
|Day's range||12.69 - 13.00|
|52-week range||7.61 - 13.99|
|PE ratio (TTM)||35.42|
|Forward dividend & yield||0.00 (0.00%)|
|1y target est||12.62|
Brazilian state-controlled oil company Petroleo Brasileiro SA has set a late-March deadline to receive binding proposals for a controlling stake in gas pipeline network Transportadora Associada de Gás (TAG), three people with knowledge of the matter said. Consortia led by Australia's Macquarie Group Ltd, French utility Engie SA and United Arab Emirates' sovereign wealth fund Mubadala Development Co are preparing their offers, the sources added, asking for anonymity because talks are private. The consortia are in talks with banks to discuss financing, the sources added, saying that consortia bids may be north of $7 billion, which would make TAG one of the largest divestments by Petrobras, as the state-controlled company is known.
In this series so far, we have examined BP’s (BP) 4Q17 earnings versus estimates. In this part, we’ll consider the analyst ratings for BP after 4Q17 earnings. Of the total, five analysts have assigned “buy” or “strong buy” ratings, five have assigned “hold” ratings, and one has assigned a “sell” rating on the stock.
In the previous part, we looked at changes in ExxonMobil’s (XOM) stock price forecast. ExxonMobil trades at a forward PE (price-to-earnings) ratio of 18.0x, which is above the peer average of 15.2x. Chevron (CVX) and Suncor Energy (SU) are also trading above the average forward PE ratio at 18.5x and 22.8x, respectively.
The high-yielding global infrastructure giant could give income investors reason to cheer this week.
Investors are now seeking approval for $3 billion (£2.1 billion) of settlements arising from the corruption scandal that enveloped Brazil's state-controlled oil company, Petroleo Brasileiro SA (PETR4.SA), including a new $50 million settlement with its auditor. The new settlement, with PricewaterhouseCoopers' (PwC) Brazilian subsidiary, was disclosed in Manhattan federal court on Thursday night. Lawyers for the investors, led by the law firm Pomerantz in New York, plan to seek up to $285 million in fees, according to the filings.
Brazil's Mero field in the giant offshore Libra area should see production double to 40,000 barrels of oil per day by the end of February helped by gas injection, an official at state-controlled oil company Petroleo Brasileiro said on Friday. As part of a long-duration output test, the area is already producing 20,000 bpd, according to Fernando Borges, Petrobras' manager for Libra.
ExxonMobil (XOM) stock is covered by a total of 25 Wall Street analysts, eight (~32%) of whom have assigned a “buy” or “strong buy” recommendation for the stock. ExxonMobil’s mean target price of $89 per share implies a 3% gain from the current level. Recently, Morgan Stanley has raised XOM’s target price from $85 per share to $90 per share.
Investors in Petroleo Brasileiro S.A. - Petrobras (PBR) need to pay close attention to the stock based on moves in the options market lately.