Petrochina (857)
7.28 HKD +0.05 (+0.66%) Volume: 96.23M
Petrochina’s stock price stands at 7.28 HKD, marking a positive trading session with a rise of +0.66%, backed by a robust trading volume of 96.23M. Demonstrating a strong performance, the stock has seen a significant Year-To-Date (YTD) percentage change of +40.50%, highlighting Petrochina (857) as a notable player in the market.
Latest developments on Petrochina
[“PetroChina reported a decrease in profits for the third quarter due to lower oil prices and weak demand”,“Rumors of a potential partnership with a major oil company caused a spike in PetroChina‘s stock price last week”,
“The company announced plans to increase investments in renewable energy to diversify its portfolio and attract more investors”,
“Analysts predict that PetroChina‘s stock price will continue to fluctuate in the coming weeks as global oil markets remain uncertain”]
Petrochina on Smartkarma
Analyst Osbert Tang, CFA, on Smartkarma, has published a bearish view on PetroChina (857 HK) in a report titled “PetroChina (857 HK): An Interesting Contrarian View.” Tang raises doubts about PetroChina‘s ability to maintain good performance in 2024, citing historical patterns, aggressive growth forecasts, and potential underperformance linked to crude oil prices. The report questions the consensus growth forecasts for FY24-25 and highlights the discrepancy between crude oil prices and PetroChina‘s share price, suggesting a potential underperformance in the future.
A look at Petrochina Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, PetroChina has a positive long-term outlook. With high scores in Growth and Momentum, the company is positioned for future expansion and market performance. Additionally, its strong scores in Value, Dividend, and Resilience indicate stability and potential for returns to investors.
PetroChina Company Limited, a leading player in the energy sector, is well-positioned for growth and profitability according to the Smartkarma Smart Scores. With a focus on exploration, production, and distribution of oil and gas, the company’s strong performance in key areas such as Growth and Momentum bodes well for its future prospects in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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