Russian stock alert
CLOSING UPDATE: Rosneft increases 0.5% - outperforming 94% of stocks 15 June 2018 19:47 SAMT
NEWS BITES - BRIC
This is an end of day Alert, produced after today's Russian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Rosneft, Russia's largest oil & gas company by market capitalisation, has increased RUB2.0 (or 0.5%) today to trade at RUB383.30 and has outperformed 94% of the market in the past three months. A price rise combined with a high relative strength is a bullish signal. Compared with the MOEX Russia Index which fell 16.4 points (or 0.7%) in the day, this represented a relative price increase of 1.3%.
Technical indicators complementing today's significant uptrend:
+ In the last three months the stock has hit a new 52-week high four times, pointing to an uptrend.
Other Bullish Signals include:
+ The company is cash rich with Cash to Market Capitalisation at 16.2%.
+ Tobin's Q Ratio is 0.3. Compared with the rest of the market the stock is undervalued.
Rosneft today is at a discount of 6.1% to the 12-month high of RUB408.05 on 02 May, 2018. It is at a premium of 36.1% to the 12-month low of RUB281.65 on 09 Apr, 2018.
The negative 2.18 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
In the last three months the stock has hit a new 52-week low once.
The price dropped 3.0% in the last month.
Net profit margin has averaged 5.3% in the last 3 years. This is lower than the sector average of 8.3% and suggests a low margin of safety.
As per the Du Pont analysis, Return on Equity is less than stellar at 7.3%.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price/Earnings of 18.3 [7.0]
Price to Book of 1.5 [0.8]
Return on Equity 7.3% [10.5%]
Return on Assets 2.4% [5.5%]
Return on Capital Employed 7.1% [11.5%]
Afternoon Alert: Rosneft decreases 0.4% on firm volume
15 June 2018 14:06 SAMT
OJSC OC Rosneft (MICEX:ROSN) traded on heavy volume of 1.1 times average so far today while the price decreased RUB1.40 (or 0.4%) to trade at RUB379.90.
Morning Alert: Rosneft decreases 0.2%
15 June 2018 11:38 SAMT
OJSC OC Rosneft (MICEX:ROSN) traded on volume of 0.7 times average so far today while the price decreased 70.0 Kopeck (or 0.2%) to trade at RUB380.60.
CLOSING UPDATE: Rosneft recovers 0.5% on high volume
14 June 2018 19:46 SAMT
Rosneft, Russia's largest oil & gas company by market capitalisation, traded on heavy volume of 1.9 times average today while the price decreased RUB1.60 (or 0.4%) to trade at RUB381.30. Compared with the MOEX Russia Index which fell 18.1 points (or 0.8%) in the day, this represented a relative price increase of 0.4%.
Afternoon Alert: Rosneft decreases 0.9% on firm volume
14 June 2018 14:07 SAMT
OJSC OC Rosneft (MICEX:ROSN) traded on heavy volume of 1.3 times average so far today while the price decreased RUB3.40 (or 0.9%) to trade at RUB379.50.
OJSC OC Rosneft (M:ROSN; MCX:ROSN; MM:ROSN; RM:ROSN)