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MarketScreener Homepage  >  Equities  >  Moscow Micex - RTS  >  PAO NOVATEK    NVTK   RU000A0DKVS5

PAO NOVATEK

(NVTK)
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Novatek : Recommends 1st Half Interim Dividend, Sets New Environmental Targets

08/25/2020 | 09:49am EST

By Joe Hoppe

 

The board of Novatek recommended Tuesday that shareholders approve a proposed interim dividend for the first half of 2020 of 11.82 Russian rubles (16 cents) per ordinary share, and set new environmental targets.

The Russian energy company said that following a discussion of the company's financial and operational results in the first half of the year, it will convene an extraordinary general meeting of shareholders on Sept. 30.

If approved by shareholders, the total dividend payout would amount to RUB35.89 billion.

The company added that the board has approved new environmental targets for the period up to 2030, using more liquid natural gas in place of other fossil fuels. It will target 20% less air pollutants per unit of production, the reduction of greenhouse gases in its Upstream segment by 6% and liquid natural gas by 5%, an increase in associated petroleum gas utilization to 99%, and improved waste disposal.

"We set ambitious targets that will contribute to the reduction of greenhouse gas emissions to meet global climate change initiatives, as well providing affordable, secure and sustainable, clean-burning natural gas to our customers for many decades," said Deputy Chairman Mark Gyetvay.

Shares at 1328 GMT were up RUB3.2, or 0.3%, at RUB1144.6.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
PAO NOVATEK -1.14% 1253.6 End-of-day quote.-0.67%
PAO NOVATEK -1.15% 163.2 Delayed Quote.-18.72%
All news about PAO NOVATEK
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11/09NOVATEK : Update on NOVATEK Buyback Program
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11/02NOVATEK : Appoints New First Deputy Chairman
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11/02NOVATEK : Changes Composition of the Management Board
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10/28Novatek's Net Profit, Revenue Fell in 3Q
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10/28NOVATEK : Announces Consolidated IFRS Results for the Third Quarter and the Nine..
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10/23PAO NOVATEK : quaterly earnings release
More news
Financials (USD)
Sales 2020 9 439 M - -
Net income 2020 1 416 M - -
Net Debt 2020 2 177 M - -
P/E ratio 2020 31,9x
Yield 2020 2,08%
Capitalization 49 546 M 49 546 M -
EV / Sales 2020 5,48x
EV / Sales 2021 4,70x
Nbr of Employees -
Free-Float 61,8%
Chart PAO NOVATEK
Duration : Period :
PAO NOVATEK Technical Analysis Chart | NVTK | RU000A0DKVS5 | MarketScreener
Technical analysis trends PAO NOVATEK
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Average target price 171,57 $
Last Close Price 165,00 $
Spread / Highest target 27,3%
Spread / Average Target 3,98%
Spread / Lowest Target -36,4%
EPS Revisions
Managers
NameTitle
Leonid Viktorovich Mikhelson Chairman-Management Board & Executive Director
Alexander Yegorovich Natalenko Chairman
Sergey Vladimirovich Vasyunin Director-Operations & Deputy Chairman
Mark Anthony Gyetvay CFO & Deputy Chairman-Management Board
Andrey Igorevich Akimov Director
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1st jan.Capitalization (M$)
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