According to several leading analysts, the Company is significantly undervalued by the market in 1Q15 compared with its competitors. Gazprom Neft shares are undervalued by more than 29% (as of 31 May 2015). This is largely due to the restricted liquidity of the Company’s shares. The potential for growth in hydrocarbon production, a high proportion of refining, expanded sales in premium segments and the active development of new production projects, along with a high level of operating efficiency, are all factors that provide significant competitive advantages for the Company by creating considerable potential for growth in its value in the long term.
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*These estimates are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Neither Gazprom Neft nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information.
Last update: May 2015