PetroChina (857) Earnings Surpass Estimates, Sees 1Q Revenue Boost and Robust Operational Profits

PetroChina on Smartkarma

Analyst coverage of PetroChina on Smartkarma has been notable recently, with a report titled “PetroChina (857 HK): An Interesting Contrarian View” by Osbert Tang, CFA. The report raises doubts about PetroChina‘s sustainability of good performance in 2024. It points to historical patterns, over-aggressive growth forecasts, and potential underperformance tied to crude oil prices as reasons for concern. The report argues that PetroChina has not historically been able to sustain as one of HSI’s best-performing stocks for two consecutive years, casting doubt on consensus growth forecasts for FY24-25. It highlights the disparity between the crude oil price and PetroChina‘s share price, indicating a potential risk of underperformance if the historical correlation between the two is re-established.

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

Based on the Smartkarma Smart Scores, PetroChina has received top marks across various factors essential for long-term success. With a perfect score of 5 in Value, Dividend, Growth, and Momentum, PetroChina showcases strength in its financials, growth potential, and market performance. Additionally, despite receiving a slightly lower score of 3 in Resilience, the company’s overall outlook remains positive and robust.

PetroChina Company Limited is a leading player in the exploration, production, and distribution of crude oil and natural gas. Alongside refining, chemical production, and natural gas sales, PetroChina‘s diversified operations contribute to its solid performance across key metrics. Supported by high scores in crucial areas, PetroChina‘s long-term prospects appear promising and well-positioned for sustained success in the energy industry.

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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