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00857
PETROCHINA
HKD
9.280-0.110
(-1.17%)
1D
AI Analysis for 00857
AI Analysis
High
9.620
Open
9.550
VWAP
9.00
Vol
195.00M
Mkt Cap
2.00T
Low
9.180
Amount
2.00B
EV/EBITDA(TTM)
5.00
Total Shares
204.00B
EV
3.00T
EV/OCF(TTM)
6.00
P/S(TTM)
1.00
PetroChina Co Ltd is a China-based company principally engaged in the production and distribution of oil and natural gas. The Company primarily operates businesses through five segments. The Oil, Gas and New Energy segment is engaged in the exploration, development, production, transportation and marketing of crude oil and natural gas and new energy business. The Refining, Chemicals and New Materials segment is engaged in the refining of crude oil and petroleum products, the production and marketing of primary petrochemical products, derivative petrochemical products, other chemical products and new materials business. The Marketing segment is engaged in the marketing of refined products and non-oil products, and the trading business. The Natural Gas Sales segment is engaged in the transportation and sales of natural gas. The Head Office and Other segment is engaged in cash management and financing activities, the corporate center, research and development, and other business services.
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News
4.5
01-28aastocksHSI Rises by 699 Points, Reaching Highest Level in Over 4.5 Years; Financials, Developers, and Commodity Stocks Lead Gains
Market Performance: The Hong Kong bourse saw significant gains, with the HSI closing at 27,826, up 699 points or 2.6%, marking its highest level in over four and a half years, driven by a decline in the USD Index (DXY).
Sector Highlights: Financials, property developers, and resource stocks performed well, with notable increases in shares of HSBC, BOC Hong Kong, and various Chinese banks, as well as significant gains in property and resource companies.
Gold and Silver Surge: Spot gold prices exceeded USD 5,200, and silver futures rose sharply, with companies like SD Gold and Zijin Gold International seeing substantial increases in their stock prices.
Tech Sector Movements: Major tech stocks such as Tencent, Alibaba, and Meituan experienced moderate gains, while Kuaishou and Bilibili saw sharper increases, reflecting a positive trend in the technology sector.
4.5
01-28aastocks<Full-day Summary> HSI Gains 699 Points; HSTI Rises 145 Points; CHINAHONGQIAO Surges Over 7%; CHINAHONGQIAO, XINYI GLASS, PETROCHINA, CNOOC, SINOPEC CORP Reach Record Highs; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 699 points (2.6%) to close at 27,826, with significant gains also seen in the HSTI and HSCEI, reflecting a strong market turnover of $361.52 billion.
Top Gainers: Notable heavyweights like Tencent, Xiaomi, and Alibaba saw increases of 2.3%, 2.1%, and 2.1% respectively, while Chinahongqiao and Pop Mart led the HSI & HSCEI constituents with gains of 7.3% and 7.0%.
Short Selling Activity: High short selling ratios were observed across various stocks, with Ping An and BYD Company showing significant short selling amounts, indicating investor caution despite overall market gains.
Noteworthy Movements: Stocks like Unisound and Chalco experienced dramatic price changes, with Unisound surging by 73.8% while XXF and Adicon Holdings faced declines of 14.5% and 12.0% respectively.
4.5
01-28aastocksHSI Rises Over 400 Points to 4.5-Year High; Major Financials, Oil Companies, HK Developers, and CN Telecoms Drive Growth; Gold Miners Soar Alongside Rising Gold Prices
Market Performance: The Hong Kong bourse opened higher, with the Hang Seng Index (HSI) gaining 435 points to reach 27,562, marking its highest level since July 2021, supported by strong turnover of HKD145.929 billion.
Banking Sector Gains: Major financial institutions like HSBC, BOC Hong Kong, and Standard Chartered saw significant increases in their stock prices, with HSBC reaching a historical high and a market cap exceeding USD300 billion.
Telecom and Energy Stocks: Chinese telecom companies rebounded alongside the market, while major oil companies also experienced notable gains, with PetroChina and CNOOC rising by over 5%.
Real Estate and Gold Mining: Hong Kong's private residential price index continued to rise, boosting local real estate stocks, while international gold prices peaked, benefiting gold mining companies like Zijin Mining and SD Gold.
7.0
01-28aastocksPETROCHINA Allegedly Suspends Acquisition of Venezuelan Oil
US Control of Venezuelan Oil Exports: The US has taken control of oil exports from Venezuela, impacting trade dynamics in the region.
PETROCHINA Halts Venezuelan Oil Purchases: PETROCHINA, a major Chinese state-owned enterprise, has instructed its traders to stop buying Venezuelan crude oil following the US sanctions.
4.0
01-27aastocks<Research>HSBC Identifies Hong Kong Stocks Receiving the Most Institutional Interest (Table)
Stock Performance Overview: Various stocks including AIA, Alibaba, and BYD showed mixed performance with AIA and Alibaba experiencing gains, while SMIC saw a decline.
Short Selling Data: Significant short selling activity was noted across multiple stocks, with BYD and SHK PPT having the highest short selling ratios at 34.941% and 35.602%, respectively.
Investment Ratings: Analysts have given "Buy" ratings to several companies including Alibaba, BOC Hong Kong, and Trip.com, while AIA is rated as "Hold."
Market Insights: JPMorgan estimates Alibaba's T-Head valuation to be between US$25-62 billion, indicating that a spinoff and separate listing is unlikely this year.
Money Flow
Over the past 66 trading days, overall net money flow is 300.00M, with retail investors contributing 60.00M and major investors adding 171.00M.
Net Buy $ Volume
Net Sell $ Volume
BOCI
Neutral
maintain
2026-01-05
Reason
The analyst rating from BOCI is maintained at Neutral on the Chinese oil industry due to the expectation that increased investment in Venezuela's oil industry, spurred by US President Donald Trump's remarks, could lead to a significant increase in Venezuela's oil output. This potential doubling of output to 2 million barrels per day is anticipated to result in a short-term decline in oil prices, which could create short-term selling pressure on companies like PETROCHINA.
BOCI
Neutral
Price Target
2026-01-05
maintain
The analyst rating from BOCI is maintained at Neutral on the Chinese oil industry due to the expectation that increased investment in Venezuela's oil industry, spurred by US President Donald Trump's remarks, could lead to a significant increase in Venezuela's oil output. This potential doubling of output to 2 million barrels per day is anticipated to result in a short-term decline in oil prices, which could create short-term selling pressure on companies like PETROCHINA.
JPMorgan
JPMorgan
Overweight
maintain
$9 -> $10
2025-12-10
Reason
The analyst rating from JPMorgan for PETROCHINA is based on several positive observations and projections:
1. Growth Capacity: Analysts were pleasantly surprised by the growth capacity of PETROCHINA's Southwest Oil & Gasfield, particularly in low-cost onshore natural gas production.
2. Resilience in Declining Oil Prices: There is increased confidence in PETROCHINA's ability to navigate five consecutive years of declining oil prices.
3. Government Support: The company is expected to benefit from the unconventional natural gas subsidy policy outlined in the 15th Five-Year Plan, leveraging its advanced exploration and development technology to enhance shale gas production.
4. Significant Reserves: The Sichuan Basin project has over 80 trillion cubic meters of undeveloped natural gas reserves, which positions PETROCHINA favorably against projected domestic natural gas sales.
5. Storage Capacity: PETROCHINA controls about 80% of China's working gas storage capacity and plans to significantly increase this capacity by 2030, allowing it to take advantage of lower spot liquefied natural gas prices.
6. Consistent Dividends: The expectation of a dividend increase to RMB0.48 per share for 2025 marks the sixth consecutive year of dividend hikes, indicating financial stability and shareholder return.
Based on these factors, JPMorgan raised its target price for PETROCHINA from HKD9 to HKD10 and maintained an Overweight rating.
JPMorgan
Overweight
Price Target
$9 -> $10
2025-12-10
maintain
The analyst rating from JPMorgan for PETROCHINA is based on several positive observations and projections:
1. Growth Capacity: Analysts were pleasantly surprised by the growth capacity of PETROCHINA's Southwest Oil & Gasfield, particularly in low-cost onshore natural gas production.
2. Resilience in Declining Oil Prices: There is increased confidence in PETROCHINA's ability to navigate five consecutive years of declining oil prices.
3. Government Support: The company is expected to benefit from the unconventional natural gas subsidy policy outlined in the 15th Five-Year Plan, leveraging its advanced exploration and development technology to enhance shale gas production.
4. Significant Reserves: The Sichuan Basin project has over 80 trillion cubic meters of undeveloped natural gas reserves, which positions PETROCHINA favorably against projected domestic natural gas sales.
5. Storage Capacity: PETROCHINA controls about 80% of China's working gas storage capacity and plans to significantly increase this capacity by 2030, allowing it to take advantage of lower spot liquefied natural gas prices.
6. Consistent Dividends: The expectation of a dividend increase to RMB0.48 per share for 2025 marks the sixth consecutive year of dividend hikes, indicating financial stability and shareholder return.
Based on these factors, JPMorgan raised its target price for PETROCHINA from HKD9 to HKD10 and maintained an Overweight rating.
CLSA
CLSA
Outperform
upgrade
$10
2025-11-18
Reason
The analyst rating for PetroChina (00857.HK) is "Outperform" based on several key reasons outlined in the CLSA research report. Firstly, the company's third-quarter results for 2025 are expected to be solid, with the potential to exceed market expectations even if oil prices remain around US$60 per barrel. Additionally, the guidance for 2025 capital expenditure shows a 5% year-over-year decrease, indicating the first decline in three years, which suggests improved financial management. The low gearing ratio also provides room for the company to increase its full-year dividend yield, with a projected dividend payout ratio of 52% for 2024. Consequently, CLSA has raised its target prices for PetroChina's H-/A-shares, reflecting a positive outlook for the company's performance.
CLSA
Outperform
Price Target
$10
2025-11-18
upgrade
The analyst rating for PetroChina (00857.HK) is "Outperform" based on several key reasons outlined in the CLSA research report. Firstly, the company's third-quarter results for 2025 are expected to be solid, with the potential to exceed market expectations even if oil prices remain around US$60 per barrel. Additionally, the guidance for 2025 capital expenditure shows a 5% year-over-year decrease, indicating the first decline in three years, which suggests improved financial management. The low gearing ratio also provides room for the company to increase its full-year dividend yield, with a projected dividend payout ratio of 52% for 2024. Consequently, CLSA has raised its target prices for PetroChina's H-/A-shares, reflecting a positive outlook for the company's performance.
DBS Group Research
DBS Group Research
Buy
maintain
2025-11-04
Reason
The analyst rating for PetroChina (00857.HK) was reiterated as "Buy" by DBS Group Research due to the company's 3Q25 results slightly beating expectations, despite a 15% year-over-year decline in oil prices. The company's net profit only slipped by 3.9% year-over-year, demonstrating resilience. Additionally, DBS Group Research highlighted PetroChina's flexible business model as a key reason for maintaining its position as the sector's top pick, leading to an increase in the target price from $8.02 to $8.8.
DBS Group Research
Buy
Price Target
2025-11-04
maintain
The analyst rating for PetroChina (00857.HK) was reiterated as "Buy" by DBS Group Research due to the company's 3Q25 results slightly beating expectations, despite a 15% year-over-year decline in oil prices. The company's net profit only slipped by 3.9% year-over-year, demonstrating resilience. Additionally, DBS Group Research highlighted PetroChina's flexible business model as a key reason for maintaining its position as the sector's top pick, leading to an increase in the target price from $8.02 to $8.8.
BOCI
BOCI
maintain
2025-11-03
Reason
The analyst rating for PETROCHINA was reiterated as a Buy by BOCI due to the company's 3Q25 earnings, which increased by 14% quarter-over-quarter to RMB42.3 billion, surpassing the broker's forecast by 7%. This positive performance was primarily driven by profits from natural gas sales that exceeded expectations. Additionally, BOCI raised its target price for PETROCHINA from HKD8.59 to HKD8.83, reflecting confidence in the company's financial results.
BOCI
Price Target
2025-11-03
maintain
The analyst rating for PETROCHINA was reiterated as a Buy by BOCI due to the company's 3Q25 earnings, which increased by 14% quarter-over-quarter to RMB42.3 billion, surpassing the broker's forecast by 7%. This positive performance was primarily driven by profits from natural gas sales that exceeded expectations. Additionally, BOCI raised its target price for PETROCHINA from HKD8.59 to HKD8.83, reflecting confidence in the company's financial results.
CLSA
CLSA
Outperform
maintain
2025-11-03
Reason
The analyst rating for PetroChina (00857.HK) is based on its stable and resilient earnings reported in the 3Q25 results, despite fluctuations in the oil market. This stability is particularly appealing to investors seeking stable and higher dividend yields. CLSA's research report highlights that PetroChina's dividend outlook and stability are the best among its peers, leading to its designation as a top pick among the three oil companies. Consequently, CLSA has raised its target prices for PetroChina's H-/A-shares and reiterated an "Outperform" rating.
CLSA
Outperform
Price Target
2025-11-03
maintain
The analyst rating for PetroChina (00857.HK) is based on its stable and resilient earnings reported in the 3Q25 results, despite fluctuations in the oil market. This stability is particularly appealing to investors seeking stable and higher dividend yields. CLSA's research report highlights that PetroChina's dividend outlook and stability are the best among its peers, leading to its designation as a top pick among the three oil companies. Consequently, CLSA has raised its target prices for PetroChina's H-/A-shares and reiterated an "Outperform" rating.
Goldman Sachs
Goldman Sachs
maintain
$8.6
2025-10-31
Reason
Goldman Sachs has maintained a Buy rating on PETROCHINA due to several key factors: the company's EBITDA and net profit showed resilience, with only a 5% and 4% year-over-year drop, respectively, despite a significant 13% decline in Brent crude oil prices. Additionally, PETROCHINA's EBITDA exceeded Goldman Sachs' expectations by 3%, attributed to strong performance in upstream operations and natural gas sales. The firm's cash flow is deemed sufficient to cover essential capital expenditures and dividends even when Brent oil prices fall below USD60 per barrel, and its free cash flow and dividend yield are considered attractive. The target price set by Goldman Sachs is HKD8.6.
Goldman Sachs
Price Target
$8.6
2025-10-31
maintain
Goldman Sachs has maintained a Buy rating on PETROCHINA due to several key factors: the company's EBITDA and net profit showed resilience, with only a 5% and 4% year-over-year drop, respectively, despite a significant 13% decline in Brent crude oil prices. Additionally, PETROCHINA's EBITDA exceeded Goldman Sachs' expectations by 3%, attributed to strong performance in upstream operations and natural gas sales. The firm's cash flow is deemed sufficient to cover essential capital expenditures and dividends even when Brent oil prices fall below USD60 per barrel, and its free cash flow and dividend yield are considered attractive. The target price set by Goldman Sachs is HKD8.6.
UBS
NULL -> Buy
upgrade
2025-10-31
Reason
The analyst rating for PETROCHINA was upgraded to "Buy" by UBS due to better-than-expected 3Q25 results, which showed a net profit of RMB42.3 billion that grew by 14% quarter-over-quarter, despite a year-over-year decline. Additionally, UBS raised its target price for the stock from HKD9.3 to HKD10.3 and slightly increased its 2025 earnings forecast by 2%.
UBS
NULL -> Buy
Price Target
2025-10-31
upgrade
The analyst rating for PETROCHINA was upgraded to "Buy" by UBS due to better-than-expected 3Q25 results, which showed a net profit of RMB42.3 billion that grew by 14% quarter-over-quarter, despite a year-over-year decline. Additionally, UBS raised its target price for the stock from HKD9.3 to HKD10.3 and slightly increased its 2025 earnings forecast by 2%.
BofA Securities
BofA Securities
maintain
$8
2025-10-31
Reason
The analyst rating for PetroChina (00857.HK) was raised to a "Buy" with a target price increase from HKD8 to HKD8.5 due to the company's performance in the first three quarters of 2025. Despite a year-over-year decline in net profit, the company showed a quarter-over-quarter increase in net profit for 3Q25, primarily driven by a spike in gas sales profit. Additionally, the broker raised its net profit forecast for 2026-27 by 1% and noted an expected dividend yield of 6% for 2025. The narrowing of the A/H share premium rate from 40% to 30% also contributed to the positive outlook.
BofA Securities
Price Target
$8
2025-10-31
maintain
The analyst rating for PetroChina (00857.HK) was raised to a "Buy" with a target price increase from HKD8 to HKD8.5 due to the company's performance in the first three quarters of 2025. Despite a year-over-year decline in net profit, the company showed a quarter-over-quarter increase in net profit for 3Q25, primarily driven by a spike in gas sales profit. Additionally, the broker raised its net profit forecast for 2026-27 by 1% and noted an expected dividend yield of 6% for 2025. The narrowing of the A/H share premium rate from 40% to 30% also contributed to the positive outlook.
Goldman Sachs
Goldman Sachs
maintain
$8.6
2025-10-24
Reason
The analyst rating from Goldman Sachs for PETROCHINA is a "Buy" with a target price of HKD 8.6. The reasoning behind this rating is based on the belief that PETROCHINA can mitigate potential production disruptions caused by the sanctions on its subsidiary, Liaoyang Petrochemical, by shifting to non-Western supply chains and increasing imports of Russian crude oil. Additionally, Goldman Sachs notes that oil prices will significantly impact PETROCHINA's earnings, estimating that a USD 10 change in Brent oil price per barrel would lead to a corresponding 13% change in the company's EBITDA.
Goldman Sachs
Price Target
$8.6
2025-10-24
maintain
The analyst rating from Goldman Sachs for PETROCHINA is a "Buy" with a target price of HKD 8.6. The reasoning behind this rating is based on the belief that PETROCHINA can mitigate potential production disruptions caused by the sanctions on its subsidiary, Liaoyang Petrochemical, by shifting to non-Western supply chains and increasing imports of Russian crude oil. Additionally, Goldman Sachs notes that oil prices will significantly impact PETROCHINA's earnings, estimating that a USD 10 change in Brent oil price per barrel would lead to a corresponding 13% change in the company's EBITDA.
Valuation Metrics
Forward PE
5Y Average PE
5.62
Current PE
8.61
Overvalued PE
7.42
Undervalued PE
3.82
Forward EV/EBITDA
5Y Average EV/EBITDA
3.47
Current EV/EBITDA
4.60
Overvalued EV/EBITDA
3.93
Undervalued EV/EBITDA
3.01
Forward PS
5Y Average PS
0.41
Current PS
0.67
Overvalued PS
0.52
Undervalued PS
0.30
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