PetroChina (857) Earnings Report: FY Revenue Misses Estimates with 3.01 Trillion Yuan

PetroChina on Smartkarma

PetroChina, a major oil and gas company, has been receiving a lot of attention from independent analysts on Smartkarma. In a recent report by Osbert Tang, CFA, doubts were raised about the company’s ability to maintain its good performance in 2024. The report points to historical patterns, over-aggressive growth forecasts, and a potential underperformance linked to crude oil prices as reasons for concern. Tang questions whether PetroChina (857 HK) can sustain its position as one of HSI’s best-performing stocks for two consecutive years, as it has never done so in the past. Additionally, consensus growth forecasts for FY24-25 are seen as unlikely to be accurate, as they would mean a fifth straight year of growth for the company, which is not in line with its behavior. With crude oil prices returning to pre-2022 levels, there are concerns that PetroChina‘s share price, which is currently 50% higher, may underperform due to a return to their previously high correlation.

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

The long-term outlook for PetroChina is looking promising, according to the Smartkarma Smart Scores. The company has received high scores of 5 in value, dividend, and growth, indicating that it is performing well in these areas. This is good news for investors as it suggests that PetroChina is a solid investment with a strong potential for growth and returns.

Additionally, the company has received a score of 3 in resilience, meaning that it may be able to withstand any potential challenges or setbacks in the future. This is an important factor for investors to consider when looking at a company’s long-term outlook. Furthermore, PetroChina has also received a score of 5 in momentum, suggesting that it is currently performing well and has a positive trajectory for the future. Overall, based on the Smartkarma Smart Scores, PetroChina appears to have a bright future ahead.

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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