Report
EUR 12.74 For Business Accounts Only

PETRO RIO SA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of PETRO RIO SA (BR), a company active in the Exploration & Production industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 14, 2022, the closing price was BRL 22.90 and its potential was estimated at BRL 26.94.
Underlying
Petro Rio S.A.

Petro Rio is an independent Brazilian oil and natural gas exploration and production (E&P) holding company. Co. maintains selected and secured strategically located exploration blocks in onshore basins in Brazil and offshore basins in Namibia, focusing its exploration and development efforts on areas that are underexplored but with high untapped hydrocarbon potential. Co. has a portfolio of 28 exploratory blocks onshore and offshore, of which 16 onshore blocks are in the Solimoes Basin, for which it is the operator with a 55% stake.

Provider
TheScreener
TheScreener

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