UniCredit estimates raise share prices on Russian oil and gas companies
UniCredit Securities investment company increased the estimated price of the shares of Russian oil and gas campaigns between 15 and 83% reported Russian magazine “Finance”, referring to the surveillance report of UniCredit. From the big oil companies and gas sector is the largest projected increase in the share prices of LUKoil – 30% (in current dollar price of 60.6 dollars per share, is estimated 78.07 dollars). The estimated price of Gazprom shares is 6.82 dollars per share (6.14 in current dollars) of Rosneft – 9.53 dollars per share (8.59 in current dollars), the TNK-BP – 1.81 dollars per share (1.76 in current dollars) of Surgutneftgaz – 1.36 dollars per share (0.91 in current dollars). The Review notes that one of the main reasons for the increase in forecast prices of the shares of oil and gas sector in Russia is the decrease in risk-free interest rates and premiums for the acquisition of state shares. Moreover, UniCredit Securities increased its recommendation on shares of Lukoil from “hold” to “buy” but Rosneft – from “sell” to “hold”.
For the shares of Gazprom and TNK-BP remains the recommendation “hold”.
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