Novatek traded at 1,165.10 this Saturday February 7th, increasing 3.60 or 0.31 percent since the previous trading session. Looking back, over the last four weeks, Novatek gained 0.73 percent. Over the last 12 months, its price rose by 2.87 percent. Looking ahead, we forecast Novatek to be priced at 1,130.26 by the end of this quarter and at 1,004.99 in one year, according to Trading Economics global macro models projections and analysts expectations.
Novatek PAO is a natural gas production company. The Company is engaged in the exploration and production, processing, transportation and marketing of natural gas and liquid hydrocarbons. The Company's primary production assets are located in the Yamal-Nenets Autonomous Region (YNAO). The Company delivers its natural gas on the Russian Federation's domestic market and liquid hydrocarbons on both the Russian domestic and international markets. The Company has approximately 40 licenses on exploration and production in YNAO with approximately 12.8 billion barrels of oil equivalent (boe) of total proved reserves. The Company holds a range of licenses, which include Yurkharovskoye field, East-Tarkosalinskoye field, Khancheyskoye field, Olimpiyskiy license area, Yumantilskiy license area, Samburgskiy license area, North-Urengoyskoye field, North-Khancheyskoye field, Yaro-Yakhinskiy license area, Termokarstovoye field and Yarudeyskoye field.