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PZE $11.33

PZE target price
11.33
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Petrobras Argentina S.A.
Type
Sociedad Anónima
Traded as BCBA: PESA
NYSE: PZE
Industry Oil & Gas and Utility
Founded 1946
Headquarters Buenos Aires, Argentina
Key people
José Fernando de Freitas, (Chairman)
Ronaldo Batista Assunção, (CEO)
Products Petroleum
Natural gas
Petrochemicals
Electricity
Revenue Increase US$ 2.5 Billion (2012)
Net income
Decrease US$ 125.2 Million (2012)
Number of employees
5,036
Parent Pampa Energia
Website www.petrobras.com.ar

Petrobras Argentina (BCBA: PESA / NYSE: PZE) is the Argentine-based former subsidiary of Petróleo Brasileiro S.A. (Petrobras), the Brazilian energy conglomerate and now a subsidiary of Pampa Energia

The unit was established in 1993, and in 2001, expanded into 700 service stations with the purchase of Eg3 from the struggling Sociedad Comercial del Plata. Its purchase in 2003 of Petrolera Santa Fe/Pecom Energía from local industrialist Gregorio Pérez Companc allowed it to significantly expand into the local fossil fuel sector.

It expanded into electric grid operations with the purchase of a majority stake in Transener from PESA, though the group sold Transener to local entrepreneur Marcelo Mindlin in 2004. The company since operates in the energy area, focusing its business in the exploration and production of oil and gas, as well as the petrochemical and electricity production.

Currently, Petrobras Energía is the second largest oil company in Argentina, behind Repsol YPF, and is present in United States, Brazil, Bolivia, Ecuador, México, Peru and Venezuela.

The company is listed in Buenos Aires Stock Exchange and is part of Merval Index.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-04-27 Downgrade Raymond James Outperform to Market Perform
2016-04-27 Downgrade Raymond James Financial Inc. Outperform to Market Perform
2016-01-25 Upgrade Raymond James Market Perform to Outperform
2016-01-12 Initiated Coverage Credit Suisse Underperform $2.00
2016-01-12 Initiated Coverage Credit Suisse Group AG Underperform $2.00
2015-07-01 Downgrade Raymond James Outperform to Market Perform
2015-06-02 Downgrade Paradigm Capital Buy to Tender C$0.35 to C$0.25
2015-06-02 Downgrade FirstEnergy Capital Outperform to Tender C$0.60 to C$0.25
2015-03-16 Upgrade Bank of America Underperform to Buy $5.00 to $9.00
2015-03-16 Upgrade Bank of America Corp. Underperform to Buy $5.00 to $9.00
2014-04-22 Upgrade Deutsche Bank Sell to Hold
2014-04-03 Initiated Coverage BMO Capital Markets Market Perform
2014-03-12 Upgrade Credit Suisse Neutral
2013-12-02 Downgrade Credit Suisse Underperform
2008-01-09 Downgrade Citigroup Hold to Sell
2008-01-09 Downgrade Bear Stearns Peer Perform to Underperform
2016-04-27 Downgrade Raymond James Outperform to Market Perform
2016-04-27 Downgrade Raymond James Financial Inc. Outperform to Market Perform
2016-01-25 Upgrade Raymond James Market Perform to Outperform
2016-01-12 Initiated Coverage Credit Suisse Underperform $2.00
2016-01-12 Initiated Coverage Credit Suisse Group AG Underperform $2.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In PZE 4 funds of 2213 total. Show all

Fund name Ticker shares
Neon Liberty Capital Management LLC 1.93M
CHARLEMAGNE CAPITAL LTD 1.15M
Standard Life Investments LTD 83143
MetLife Securities, Inc 400

Major Shareholders

Name Relationship Total Shares Holding stocks