Conpet traded at 81.80 this Wednesday February 11th, increasing 2.20 or 2.76 percent since the previous trading session. Looking back, over the last four weeks, Conpet gained 5.41 percent. Over the last 12 months, its price rose by 4.60 percent. Looking ahead, we forecast Conpet to be priced at 76.05 by the end of this quarter and at 70.49 in one year, according to Trading Economics global macro models projections and analysts expectations.
Conpet SA is a Romania-based company primarily engaged in the pipeline transportation. The Company is active in the pipeline transportation of crude oil and its derivatives, including gasoline, condensate and liquid ethane, to refineries in Romania and other clients. The Company operates a network of approximately 3,800 kilometers of pipes, under a concession agreement signed with the Romanian National Agency for Mineral Resources. The system, operated by Concept SA, includes pumping stations; loading and unloading platforms, and storage facilities. The main shareholder of the Company is the Romanian Ministry of Energy, Small and Medium Enterprises, and Business Environment.