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Prio (PRIO3) is the third most recommended stock by analysts in the oil and gas sector for December, according to Money Times.
Petrobras leads the ranking of oil companies favorites for December; Prio occupies second place (Image: Diana Cheng/Money Times) Petrobras (PETR3; PETR4) was the company in the oil and gas sector most recommended by analysts for the month of December, according to a Money Times survey of 27 institutions financial. The action received 13 nominations. In second place in the ranking, appears the Prio (PRIO3), with nine recommendations.
In Mycap's analysis, the synergies and scaling of the company's production Prio should improve margins. Analysts expect an increase in revenue, dilution of expenses, and synergies with already owned fields, in addition to lower extraction costs in 2023. The house still considers the conclusion of the exploration negotiations that the oil company presented in 2022. On the other hand, government tax interventions for exports and product pricing can generate volatility in share prices. Still, the assets of Prio remain firm in the upward trend and have room for a new upward cycle with targets at R$50 and R$63. Regarding the Petrobras, BB Investimentos highlights that the state-owned company continues to present good operational and financial results.
Oil companies face challenges in the oil and gas sector
Oil companies face significant challenges in the oil and gas sector, with Financial Institution carefully analyzing the shares of oil companies. A third position of oil companies in market de production of oil and gas has a direct impact on revenue and the expenses of oil companies. In addition export of oil and pricing of this resource are critical issues for oil companies, especially when considering the stock price on the market.
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A pricing policy of oil companies is also under scrutiny, with changes significant changes being expected in the market. A dividend policy of oil companies is an important factor in the risk/return relationship for investors and shareholders. The price of oil, in turn, directly impacts the market and the pricing policy of oil companies, which can lead to significant changes in the oil and gas sector scenario.
Overall, oil companies are looking for ways to deal with the challenges present in the sector, while seeking to maintain their position and ensure a sustainable future in the oil and gas market.
Source: moneytimes
