BCS recognized Rosneft shares most preferred for investment

Rosneft shares are most preferred for investing in the Russian market. This follows from the BCS broker company report on the oil market.

BCS specialists have been allocated among the main factors of the attractiveness of Rosneft shares prospects for mining growth – by 9 percent in 2022. Analysts of the company called “Rosneft” “explicit favorite of the oil market with a prospect to increase production up to 345 thousand barrels per day and reach even greater indicators by the middle of the current decade.

“Rosneft” remains our favorite among Russian oil companies, first of all, because the market is increasingly focused on which countries and companies can satisfy the regenerating global oil demand – in this background we expect stability from stock quotes “Rosneft “. Rosneft long time ahead of competitors on the potential of production growth, but only in 2022 this potential will become a reality,” the BCS report says. According to analysts of the Company, the main increase in production will be ensured by the implementation of the flagship project “East Oil”, as well as a sharp increase in production on the project “Rospan”.

The second important factor in the investment attractiveness of Rosneft analysts BCS recognized the dividend policy of the company. The coefficient of dividend payments in the amount of at least 50 percent of net profit under IFRS is one of the highest in the industry.

Following the results of 2021, Rosneft’s net profit could reach $ 14.2 billion, which implies the total dividends in the amount of 49 rubles per piece, predicts the BCS. This indicator can be the maximum in the history of Rosneft. At the same time, the company has already paid in 2021 record in its history intermediate dividends in the total amount of 191 billion rubles or 18.03 rubles per share.

In addition, the BCS predicts an even greater growth in Rosneft’s profits in 2022, and accordingly, dividend payments. According to analysts, the company’s net profit of the company next year may amount to $ 21.5 billion, which will lead to an increase in dividends to 76 rubles per paper.

“Rosneft dividend yield for 2021 and 2022 should be very decent – according to our estimates, at the level of 9 and 14 percent, respectively. We also believe that the consensus forecast on profits will grow in 2022,” says BCS Analysts.

The growth of financial indicators will also be reflected on the stock exchange. BCS Analysts predict the growth of Rosneft stock quotes by 58 percent of the current level.

/Media reports.