Brazilian stock alert

BRAZ

Afternoon Alert: Petroleo Brasileiro decreases 0.6%, leads Oil & gas sector lower 20 September 2018 13:09 BRT

NEWS BITES - BRIC

Petroleo Brasileiro SA (SA:PETR3) has decreased 0.6% to trade at R$23.01 vs. the Oil & gas sector which weakened 29.6 points (or 0.5%) to 6,281.4. Representing a weighting of about 58.2% of the sector, the stock accounted for 74.8% of today's loss. Trading volume was 1.1 times average so far today.

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

Overvaluation:

+ Dividend yield of 0.4% [0.6%]

+ Price to Book of 0.7 [0.6]

Note

Petroleo Brasileiro today is at a discount of 27.4% to the 12-month high of R$31.67 on 16 May, 2018. It is at a premium of 49.0% to the 12-month low of R$15.44 on 07 Dec, 2017.

Bullish Signals:

The positive 0.35 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

In the Brazilian market, the stock's relative price strength percentile is rising at 91 for 6 months, 91 for 3 months and 93 for 1 month.

The price climbed 5.3% in the last week and jumped 9.6% in the last month.

The present value of BRL1,000 invested one year ago is R$1,416 [vs R$1,033 for the Brazil Index 50].

Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued.

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

ISIN: BRPETRACNOR9

PermID: 4295859763

Source: www.BuySellSignals.com