Report
Baptiste Lebacq

Maurel et Prom : Ajustements annoncés sur tous les fronts

>Opinion Neutre - Nous maintenons notre recommandation Neutre sur le titre. M&P annonce, sans grande surprise, qu’il ne versera pas de dividendes au titre de l’exercice 2020 (pour rappel il avait versé en juin 2019 son premier dividende depuis 2012, de 0.04 € soit un cash out de 9 M$ au total. De nombreux ajustements ont été annoncés ce jour afin de s’adapter au nouvel environnement pétrolier. Nous ajusterons nos estimations à la suite de la conférence call qui se ti...
Underlying
Etablissements Maurel & Prom SA

Etablissements Maurel et Prom is engaged in the oil and gas industry. Co. is engaged in mainly two activities: exploration and production of oil and gas; and oil drilling. The goal of the exploration business is to discover exploitable accumulations of hydrocarbons. It includes geological and geophysical studies, acquisition and seismic processing as well as exploratory drilling. Co. operates in 12 countries and 4 continents, including Colombia, Peru, France, Italy, Congo, Tanzania, Gabon, Namibia, and Mozambique. Co. is also engaged in a project of gold exploration in Mali. As of Dec. 31 2013 Co. had close to 100,000 sq. km of exploration areas in 12 countries on 4 continents.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Baptiste Lebacq

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