| Previous Close | 7.93 |
| Open | 7.95 |
| Bid | 0.00 x 41800 |
| Ask | 0.00 x 1200 |
| Day's Range | 7.80 - 8.22 |
| 52 Week Range | 4.01 - 12.91 |
| Volume | 59,217,538 |
| Avg. Volume | 31,123,261 |
| Market Cap | 51.548B |
| Beta (5Y Monthly) | 1.89 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.29 (3.51%) |
| Ex-Dividend Date | Jul. 23, 2020 |
| 1y Target Est | 12.30 |
- Reuters
Analysis: After Brazil ructions, a rethink for investors in emerging market state firms
Brazil's shake up of state-run oil firm Petrobras has caused shockwaves at home but may also prompt some bond investors to rethink their $1 trillion-plus exposure to other government-controlled companies across emerging markets. From China's Exim Bank to Mexican oil giant Pemex or South African utility Eskom, companies wholly or partly government owned make up half of the $2.4 trillion market in emerging market corporate debt.
- Reuters
REFILE-UPDATE 3-Ousted by Bolsonaro, outgoing Petrobras CEO defends fuel price rises
Outgoing Petrobras CEO Roberto Castello Branco said on Thursday he will ensure a smooth transition to his successor, a retired general hand-picked by Brazil's president, but reiterated his stance that the state-owned company should match international fuel price increases rather than keep them artificially low. "Prices below the international market generate negative consequences," said Castello Branco, who is 76 and normally dresses conservatively but who on Thursday wore a visibly worn T-shirt with the London subway slogan "Mind the Gap". "Mind the Gap" was also a slogan Petrobras adopted in 2019 to refer to its ambition to close the performance gap with the world's top oil and gas firms.
- Reuters
UPDATE 1-Brazil's Ultrapar still in talks to buy Petrobras refinery
Brazil's Ultrapar Participações SA remains in exclusive talks to acquire one of the refineries owned by state-controlled oil firm Petrobras and would consider buying others, Chief Executive Officer Frederico Curado said on Thursday. "We are keeping the premise of an investment in refineries," Curado told analysts, adding that Ultrapar does not expect Brazil's government to impose fuel pricing controls because it cannot afford to do so and such a move would leave prices far from international parity. The Brazilian conglomerate is in exclusive talks to acquire the Regap refinery, located in the southern state of Rio Grande do Sul, from Petroleo Brasileiro SA, as the company is formally known.
