Petrochina (857)
6.37 HKD -0.05 (-0.78%) Volume: 153.15M
PetroChina’s stock price currently stands at 6.37 HKD, reflecting a slight dip of -0.78% in the latest trading session, with a robust trading volume of 153.15M. Despite the recent fluctuation, the stock has seen a positive year-to-date (YTD) performance, showing a growth of +4.26%, indicating a steady investment option in the energy sector.
Latest developments on Petrochina
Despite market challenges, PetroChina has reported record profits in 2024, driven by a surge in oil and gas production. The company’s net profit reached $22.7 billion, defying industry trends with a 2% increase. Additionally, PetroChina saw a 116% surge in its renewable energy business, reflecting a commitment to green transformation. Analysts have responded positively to the news, with DBS lifting PetroChina‘s target price to $7.3 and HSBC Global Research noting that the company’s 2024 results were in line with expectations. With sustained growth and a strong financial performance, PetroChina remains a leader in the industry, reinforcing its position as a top player in the market.
A look at Petrochina Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.2 |
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 top scores in Value, Dividend, Growth, Resilience, and Momentum, the company is well-positioned for future success. Investors can expect strong performance in terms of stock value, dividend payouts, and overall growth potential. Additionally, PetroChina‘s resilience and momentum indicate stability and steady progress in the market.
PetroChina Company Limited, a leading player in the oil and gas industry, has a promising future ahead. With a focus on exploring, developing, and producing crude oil and natural gas, the company also engages in refining, transportation, distribution, and chemical production. Moreover, PetroChina‘s strong presence in the natural gas market further enhances its growth potential. Overall, PetroChina‘s high Smart Scores reflect its solid foundation and potential for continued success in the long term.
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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