Brazilian stock alert

BRAZ

CLOSING UPDATE: Petroleo Brasileiro drops 3.3%, led market lower 18 June 2018 17:38 BRT

NEWS BITES - BRIC

This is an end of day Alert, produced after today's Brazilian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Petroleo Brasileiro, Brazil's largest oil & gas company by market capitalisation, has dropped 3.3% to trade at R$17.21 vs. the Brazil Index 50 which weakened 107.4 points (or 0.9%) to 11,688.4. Representing a weighting of about 6.3% of the index, the stock accounted for 22.9% of today's loss. The shares have underperformed 99% of the market in the past month. Trading volume was 1.1 times average at the end of the day. Compared with the Brazil Index 50 which fell 107.4 points (or 0.9%) in the day, this represented a relative price change of -2.4%.

Technical indicators complementing today's significant downtrend:

+ The negative 2.1 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price tumbled 6.4% in the last week and plummeted 45.6% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price/Sales of 0.5 [0.4]

+ Price to Book of 0.5 [0.4]

+ Dividend yield of 0.3% [0.5%]

Note

Petroleo Brasileiro today is at a discount of 45.9% to the 12-month high of R$31.80 on 16 May, 2018. It is at a premium of 38.0% to the 12-month low of R$12.47 on 10 Jul, 2017.

Bullish Signals:

In the last three months the stock has hit a new 52-week high thirteen times, pointing to a significant uptrend.

Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

The Brand Value represents 5.1% of the estimated Enterprise Value of R$508.5 billion (US$136.3 billion).

TODAY'S ALERTS

Afternoon Alert: Petroleo Brasileiro keeps sliding: down 5.2% in 5 days

18 June 2018 13:07 BRT

Petroleo Brasileiro SA (SA:PETR3) extended its slide on Monday, shedding an additional 37.0 centavos (or 2.1%) to trade at R$17.43. Trading volume was 1.2 times average so far today. The shares have fallen 96.0 centavos (or 5.2%) over the past five trading days vs. the Brazil Index 50 which has fallen 3.3% in the same period.

Morning Alert: Petroleo Brasileiro keeps sliding: down 4.5% in 5 days

18 June 2018 11:10 BRT

Petroleo Brasileiro SA (SA:PETR3) extended its slide on Monday, shedding an additional 24.0 centavos (or 1.3%) to trade at R$17.56. Trading volume was 37% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Petroleo Brasileiro keeps sliding: down 3.2% in 4 days

15 June 2018 17:38 BRT

Petroleo Brasileiro, Brazil's largest oil & gas company by market capitalisation, extended its slide on Friday, shedding an additional 18.0 centavos (or 1.0%) to trade at R$17.80. Trading volume was 2.6 times average at the end of the day.

Afternoon Alert: Petroleo Brasileiro keeps sliding: down 5.8% in 4 days

15 June 2018 13:07 BRT

Petroleo Brasileiro SA (SA:PETR3) extended its slide on Friday, shedding an additional 66.0 centavos (or 3.7%) to trade at R$17.32. Trading volume was 1.7 times average so far today. The shares have fallen R$1.07 (or 5.8%) over the past four trading days vs. the Brazil Index 50 which has fallen 2.9% in the same period.

Petroleo Brasileiro SA (SA:PETR3; SAO:PETR3; BZ:PETR3)

ISIN: BRPETRACNOR9

PermID: 4295859763

Source: www.BuySellSignals.com