PetroChina’s Stock Price Soars to 7.17 HKD, Achieving a Positive Leap of 0.42%

Petrochina (857)

7.17 HKD +0.03 (+0.42%) Volume: 168.9M

Discover Petrochina’s stock price, currently standing at 7.17 HKD with a slight increase of +0.42% this trading session. Witness the impressive trading volume of 168.9M and a remarkable year-to-date percentage change of +38.95%, showcasing Petrochina (857)’s robust stock market performance.

Latest developments on Petrochina

PetroChina, one of the leading energy companies, has outperformed ICBC to become the second-largest onshore stock. This significant achievement has led to notable changes in PetroChina stock prices today. The company’s market value has soared, further solidifying its position as China’s second-largest company. The influence of the Middle East crude market also plays a pivotal role in these price movements.

Petrochina on Smartkarma

On Smartkarma, an independent investment research network, Osbert Tang, CFA has published an interesting contrarian view on PetroChina (857 HK). In his research report, he raises doubts about the company’s ability to sustain its good performance in 2024. According to Tang, historical patterns, over-aggressive growth forecasts, and potential underperformance linked to crude oil prices are all factors that could hinder PetroChina‘s future success. Tang also points out that the company has never sustained as one of HSI’s best-performing stocks for two consecutive years, casting further doubt on its potential for growth. With consensus growth forecasts of 4.4% and 4.3% for FY24-25, Tang believes that PetroChina‘s stock price may not be able to keep up with these expectations.

A look at Petrochina Smart Scores

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

PetroChina, a company that explores and produces crude oil and natural gas, has a positive long-term outlook according to Smartkarma’s Smart Scores. These scores, ranging from 1 to 5, indicate the company’s overall outlook in different areas. PetroChina scored a 4 in both value and dividend, a 5 in growth and momentum, and a 4 in resilience. This suggests that the company is performing well in terms of value, dividend, growth, and momentum, and is also resilient in the face of challenges.

PetroChina‘s strong performance in these areas can be attributed to its diverse range of operations. In addition to exploring and producing crude oil and natural gas, the company also refines, transports, and distributes these products. It also produces and sells chemicals and transmits, markets, and sells natural gas. This diversified approach allows the company to weather fluctuations in the market and maintain a strong overall outlook. With high scores in key areas, PetroChina is well-positioned for long-term success.

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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma