Date: Tuesday 03 Jul 2012
LONDON (ShareCast) - Deutsche Bank has significantly lowered its 2012-2014 earnings estimates for several of the largest energy groups in Europe due to the recent decline in crude oil prices which have fallen as much as 30 dollars per barrel since March.
Analysts at the German bank applied their largest earnings downgrades on Anglo-Dutch oil giant Royal Dutch Shell - an average of 15.4% for the next three years. For British peer BG Group, they reduced their earnings forecast by an average 12.9%.
Total and Eni fared better: Deutsche Bank reduced earnings estimate for these companies by 7.4% and 8.5%, respectively.
MD
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Currency | Euro |
Share Price | 62.33 |
Change Today | 0.29 |
% Change | 0.47 % |
52 Week High | 69.48 |
52 Week Low | 50.58 |
Volume | 3,842,392 |
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Market Cap | 162,058m |
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Strong Buy | 7 |
Buy | 8 |
Neutral | 7 |
Sell | 1 |
Strong Sell | 0 |
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