Brazilian stock alert

BRAZ

CLOSING UPDATE: Petroleo Brasileiro keeps sliding: down 3.2% in 4 days 15 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, 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.

Technical indicators complementing today's significant downtrend:

+ The negative 2.07 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price decreased 1.1% in the last week and plummeted 42.4% 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 0.6 [0.5]

+ Dividend yield of 0.3% [0.5%]

Note

Petroleo Brasileiro today is at a discount of 44.0% to the 12-month high of R$31.80 on 16 May, 2018. It is at a premium of 42.7% to the 12-month low of R$12.47 on 10 Jul, 2017.

Bullish Signals:

The stock has outperformed 87% of the Brazilian market over the past 6 months.

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 5.2% of the estimated Enterprise Value of R$512.9 billion (US$134.8 billion).

TODAY'S ALERTS

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.

Morning Alert: Petroleo Brasileiro keeps sliding: down 3.4% in 4 days

15 June 2018 11:10 BRT

Petroleo Brasileiro SA (SA:PETR3) extended its slide on Friday, shedding an additional 21.0 centavos (or 1.2%) to trade at R$17.77. Trading volume was 25% of average so far today.

RECENT ALERTS

Afternoon Alert: Petroleo Brasileiro decreases 0.3%, leads Oil & gas sector lower

14 June 2018 13:07 BRT

Petroleo Brasileiro SA (SA:PETR3) has decreased 0.3% to trade at R$17.93 vs. the Oil & gas sector which weakened 9.7 points (or 0.2%) to 4,918.9. Representing a weighting of about 57.9% of the sector, the stock accounted for 96.5% of today's loss. The shares have underperformed 82% of the market in the past week. Trading volume was 90% of average so far today.

CLOSING UPDATE: Petroleo Brasileiro down 2.2% in 2 days

13 June 2018 17:36 BRT

Petroleo Brasileiro, Brazil's largest oil & gas company by market capitalisation, extended its slide on Wednesday, shedding an additional 25.0 centavos (or 1.4%) to trade at R$17.99. Trading volume was 1.5 times average at the end of the day. The shares have fallen 40.0 centavos (or 2.2%) over the past two trading days vs. the Brazil Index 50 which has fallen 0.3% in the same period.

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

ISIN: BRPETRACNOR9

PermID: 4295859763

Source: www.BuySellSignals.com