Transneft traded at 1,215.00 this Wednesday July 15th, decreasing 20.00 or 1.62 percent since the previous trading session. Looking back, over the last four weeks, Transneft lost 12.39 percent. Over the last 12 months, its price fell by 18.95 percent. Looking ahead, we forecast Transneft to be priced at 1,180.30 by the end of this quarter and at 1,068.26 in one year, according to Trading Economics global macro models projections and analysts expectations.
Transneft' PAO, also known as AK Transneft' OAO (Aktsionernaya kompaniya po transportu nefti Transneft’ AK or Transneft OJSC) is a Russia-based company engaged in the oil and gas transportation industry. It operates approximately 70 000 kilometers of pipelines and more than 500 pump stations. The Company operates such oil transport systems as Baltic Pipeline System, Baltic Pipeline System-2, Eastern Siberia-Pacific Ocean Oil Pipeline and Purpe-Samotlor Pipeline System, among others. Transneft' PAO offers its services on both domestic and foreign markets, including Poland, Hungary, Slovakia, Latvia, China, Uzbekistan, Belarus and others. The Company also has numerous subsidiaries located domestically.