Gazprom Neft’ PAO (GDR) (OTCMKTS:GZPFY) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Gazprom Neft’ PAO (GDR) (OTCMKTS:GZPFY) from a strong-buy rating to a hold rating in a research note released on Wednesday, Zacks.com reports.

According to Zacks, “Gazprom is the world’s largest gas company basically focused on geological exploration, production, transmission, storage, processing and marketing of gas and other hydrocarbons. Gazprom’s mission is to provide effective and well-balanced gas supply to Russian customers and to safely implement long-term gas export contracts. Gazprom’s strategy is to acquire the leading position among the global energy companies by entering new markets, diversifying core business activities and ensuring reliable supplies. “

Separately, VTB Capital downgraded Gazprom Neft’ PAO (GDR) from a buy rating to a hold rating in a report on Tuesday.

Shares of GZPFY opened at $35.56 on Wednesday. The stock has a fifty day moving average of $35.56 and a two-hundred day moving average of $33.19. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.50 and a current ratio of 1.89. The company has a market capitalization of $33.72 billion, a PE ratio of 5.51 and a beta of 0.74. Gazprom Neft’ PAO has a fifty-two week low of $24.00 and a fifty-two week high of $38.49.

Gazprom Neft’ PAO (GDR) (OTCMKTS:GZPFY) last issued its quarterly earnings results on Friday, November 15th. The energy company reported $1.72 earnings per share for the quarter. The company had revenue of $10.16 billion during the quarter. Gazprom Neft’ PAO (GDR) had a return on equity of 18.73% and a net margin of 15.73%. As a group, equities research analysts forecast that Gazprom Neft’ PAO will post 7.22 earnings per share for the current fiscal year.

Gazprom Neft’ PAO (GDR) Company Profile

PJSC Gazprom Neft, an integrated oil company, engages in the exploration, development, production, and sale of crude oil and gas in Russia, the CIS countries, and internationally. The company also involved in the production, distribution, and marketing of refined petroleum products. It holds interests in 90 resource licenses in the oil-producing regions of Russia; and production projects in Angola, Bosnia, Herzegovina, Romania, Serbia, Iraq, and Venezuela.

Further Reading: What does an equal weight rating mean?

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