Gazprom Neft (OTCMKTS:GZPFY) public joint-stock company downgraded by Zacks Investment Research

Gazprom Neft Public Joint Stock Company (OCMKTS: GZPFYGet a rating) was downgraded by Zacks Investment Research from a “strong buy” rating to a “hold” rating in a note issued to investors on Wednesday, reports.

According to Zacks, “Gazprom is the largest gas company in the world, primarily focused on geological exploration, production, transportation, storage, processing and marketing of gas and other hydrocarbons. Gazprom’s mission is to provide an efficient and balanced gas supply to Russian customers and to safely implement long-term gas export contracts. Gazprom’s strategy is to gain the leading position among global energy companies by entering new markets, diversifying core business and ensuring reliable supplies. “

Shares of OTCMKTS GZPFY open at $14.00 Wednesday. The company has a debt ratio of 0.25, a current ratio of 0.99 and a quick ratio of 0.73. Public joint-stock company Gazprom Neft has a 1-year low of $14.00 and a 1-year high of $37.48. The stock’s 50-day moving average is $14.60 and its 200-day moving average is $27.70.

About Gazprom Neft Public Joint Stock Company (Get a rating)

State-owned Gazprom Neft, an integrated oil company, is engaged in the exploration, development, production and sale of crude oil and gas in Russia, CIS countries and internationally. The company operates in two segments, Upstream and Downstream. It holds stakes in approximately 104 license blocks in Russia; and projects in Angola, Belarus, Bulgaria, Iraq, Italy, Kazakhstan, Tajikistan, Kyrgyzstan, Latvia, Estonia, Bosnia and Herzegovina, Hungary, Romania, Serbia and Venezuela.

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