Analysts

OMV Petrom is covered by various financial analysts, who provide their own research analyses and earnings estimates in respect of the company.

On this page, we provide you with the list containing banks’ and institutions’ analysts, who regularly publish research reports on OMV Petrom, as well as their contact details, recommendations and target prices.

Furthermore, every quarter ahead of the earnings announcement, the Investor Relations (IR) department of OMV Petrom collects earnings estimates from the equity analysts currently covering the company.

Analysts’ coverage and recommendation

Company	Analyst	Contact	Date of report	Recommendation	TP
Alpha Bank	Ioana Andrei	ioana.andrei@alphabank.ro	03.10.2023	Hold	0.610
BT Capital Partners	Irina Railean	irina.railean@bancatransilvania.ro	21.10.2022	Outperform	0.652
BRD Groupe SG	Laura Simion	laura.simion@brd.ro	n.a.	n.a.	n.a.
Concorde Securities	Mihaly Gajda	m.gajda@con.hu	17.04.2024	Buy	0.819
Erste Bank	Tamas Pletser	Tamas.Pletser@ersteinvestment.hu	28.03.2024	Buy	0.925
PKO Securities	Adam Milewicz	adam.milewicz@pkobp.pl	02.07.2024	Hold	0.780
Raiffeisen Centrobank	Oleg Galbur	Oleg.Galbur@rcb.at	15.05.2024	Hold	0.700
Swiss Capital*	Daniela Mandru	daniela.mandru@swisscapital.ro	27.03.2024	Neutral	0.658
Wood & Company	Iuliana Ciopraga**	iuliana.ciopraga@wood.com	26.07.2023	Buy	0.654
Bank Pekao	Krzysztof Koziel	krzysztof.koziel@pekao.com.pl	11.12.2023	Hold	0.600
IPOPEMA	Tomasz Kasowicz**	tomasz.kasowicz@ipopema.pl	16.11.2023	Hold	0.529
				Average	0.693
* Analyst expressly adjusted the TP on ex dividend date with the base dividend; **Analysts changed (at IPOPEMA coverage in transition)

Analysts’ quarterly consensus

Every quarter ahead of the earnings announcement, the Investor Relations department of OMV Petrom collects earnings estimates from the equity analysts currently covering the company. These numbers become a proxy for what the market expects in terms of OMV Petrom’s results. For the second quarter of 2024, nine analysts contributed with clean CCS result estimates.

The consensus numbers for the Operating Result and net income attributable to stockholders are presented on a clean CCS (current cost of supply) basis. That means that they do not include any special items and Refining and Marketing inventory holding gains/losses (CCS effects).

Q2 2024:

In RON mn	Median	Min	Max
Clean CCS Operating Result, thereof:	1,345	1,314	1,496
Clean Operating Result Exploration and Production	813	750	867
Clean CCS Operating Result Refining and Marketing	715	554	777
Clean Operating Result Gas and Power	-40	-124	267
Clean CCS net income attributable to stockholders	1,196	1,099	1,257

As of July 24, 2024

Disclaimer:

This document has been issued by OMV Petrom (“the Company”) for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The Company does not endorse them. Such estimates and forecasts cannot be independently verified due to their subjective character. The Company gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness. Reference to assessments serves only for reader information and is non-binding. This document does not imply that the Company subscribes to these opinions or conclusions in any form whatsoever, or that the Company supports or confirms them. The Company accepts no liability for the selection, current relevance, completeness or correctness of the analysts’ assessments reproduced here. None of the information provided is to be understood as an offer for purchase of OMV Petrom securities, or to be advertising same. Any liability on the part the Company for losses incurred by third parties arising from the information contained on this Internet site is precluded.