Petrochina (857)
6.19 HKD -0.07 (-1.12%) Volume: 126.31M
Petrochina’s stock price stands at 6.19 HKD, witnessing a dip of -1.12% this trading session with a trading volume of 126.31M, yet showing resilience with a YTD increase of +1.31%, reflecting its dynamic market performance.
Latest developments on Petrochina
Recent events have been shaping PetroChina‘s stock movements today. From taking delivery of a new LNG carrier with Cosco to operational milestones at the Dagang refinery’s Ionikylation unit, the company has been making strategic moves. However, maintenance shutdowns like the one at the Daqing HDPE unit could impact production. In the midst of these operational updates, news of the former PetroChina boss being jailed for corruption has added a layer of uncertainty. Additionally, fluctuations in Middle East crude benchmarks and deals with CITIC Group to deepen cooperation in finance and oil & gas development have also influenced market sentiment towards PetroChina.
A look at Petrochina Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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 Value, Dividend, Growth, and Momentum, the company is positioned well for future success. Its strong performance in these areas indicates a solid financial standing, stable dividend payouts, potential for growth, and positive market momentum.
PetroChina‘s resilience score, however, is slightly lower compared to other factors. This suggests that the company may face some challenges in terms of weathering economic downturns or external shocks. Overall, PetroChina‘s diverse operations in crude oil and natural gas exploration, refining, chemical production, and natural gas transmission provide a solid foundation for continued success in the energy sector.
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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