Sovkomflot Pao traded at 89.96 this Monday March 16th, decreasing 0.66 or 0.73 percent since the previous trading session. Looking back, over the last four weeks, Sovkomflot Pao lost 18.87 percent. Over the last 12 months, its price fell by 8.12 percent. Looking ahead, we forecast Sovkomflot Pao to be priced at 87.06 by the end of this quarter and at 78.04 in one year, according to Trading Economics global macro models projections and analysts expectations.
Sovkomflot PAO is a Russia-based shipping company. The Company provides services in the maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil & gas production. The Company specializes in hydrocarbon transportation from regions with challenging icy conditions. The Company is divided info five segments: Crude oil tanker division, Product tanker fleet division, Gas fleet division, Offshore fleet division and SCF Geo. Crude oil tanker division provides transportation of crude oil, Product tanker fleet division provides transportation of petroleum products and bulk cargoes, Gas fleet division provides transportation of liquefied natural gas and liquefied petroleum gas, Offshore fleet division provides supply and servicing of offshore platforms, management of terminals, safe shuttle shipments of oil, and SCF Geo provides offshore seismic exploration. The Company operates in Russia, United Kigndom, Cyprus and United Arab Emirates.