Petrochina 0857

[winston]

not vested

PETROCHINA (00857.HK) rated Overweight with target lifted to $11.8 by HSBC
2013-12-09

HSBC noted in a research report that it lifted the 2014 Brent oil price forecast from US$90 a barrel to US$100 a barrel, while the 2015 price is expected to retreat to US$95 a barrel.

The Bank reiterated that the hike was not because of the bullish view towards the market trend, rather, the previous estimate was over pessimistic.

Based on the new forecast, the Bank lifted PETROCHINA (00857.HK) 2013-15 earning forecast by 1%/5%/8%, on belief that the implementation of the new mechanism of natural gas will benefit Petrochina most, and the result will be revealed in the 2H13 and afterwards.

The 2013-15 earning growth is expected to be 17%/3%/12%. The target price was lifted from $11.4 to $11.8, with Overweight rating remained.

Source; AAStocks Financial News

[winston]

not vested

PETROCHINA (00857.HK) rated OW, TP hiked to $11 by JPM
2013-07-02

JP Morgan put Overweight on PETROCHINA (00857.HK) with target price hiked from $8.25 to $11.

Its major catalysts include sales of assets to reduce debts, asset optimization, further surges in natural gas prices, rises in oil prices and general improvement in macro economy in mainland China.

Source: AAStocks Financial News

[winston]

not vested

PETROCHINA (00857.HK) upgraded to OPF, TP hiked to $11.1 by CS
2013-07-03

Credit Suisse raised PETROCHINA (00857.HK) 2013/14/15 EPS forecast by 5%/10%/4%, as its natural gas import business, which is linked to crude oil, has improved.

PETROCHINA is upgraded from Neutral to Outperform with target price hiked from $10.7 to $11.1.

Source: AAStocks Financial News

[winston]

not vested

GS hikes PETROCHINA (00857.HK) TP to $11.2
2013-07-09

Goldman Sachs noted in a report that PETROCHINA (00857.HK) will be benefited from the price hike of urban natural gas as it has the most capacity and stock of natural gas among mainland oil enterprises.

The broker raised the EPS forecasts for 2013-15 by 17% to reflect the positive impact from the price hike and lifted the company's target price from $10.05 to $11.2, with a Neutral rating.

Moreover, the broker rated CNOOC (00883.HK) and SINOPEC CORP (00386.HK) at Buy, with target price set at $17.05 and $7.3 respectively.


Source: AAStocks Financial News

[winston]

not vested

We maintain our UNDERPERFORM rating with a TP of HK$7.00 in light of weak core earnings, especially from rising E&P costs and sustained pressure from refining and petrochemical.


Source: CS

[winston]

G Sachs: 'Buy' PETROCHINA (00857.HK) on expected 4.4% dividend yield
2014-04-25

In the latest research report, Goldman Sachs commented that PETROCHINA (00857.HK) -0.030 (0.340%) Short selling $142.09M; Ratio 13.167% first-quarter results just released came in line with expectation.

The Company is expected to benefit from the growth in gas price, double digit rise in gas production, regular fuel price adjustment and potential asset sales that can improve the Company's cash flow profile.

The research house estimates that Petrochina can register positive free cash flow in 2016, resulting in dividend yield of 4.4%.

The Buy Investment Rating is maintained, with target set at $10.2.


Source: AAStocks Financial News

[winston]

not vested

PETROCHINA (00857.HK) rated Buy with target raised to $10.8 by UBS
2014-06-12

UBS held that the increase in natural gas price can reduce the loss from imported natural gas, and the lower cost of imported natural gas may bring surprise for PETROCHINA (00857.HK) -0.050 (0.526%)

Short selling $76.81M; Ratio 17.764% 's business.

The broker raised the company's target price from $10 to $10.8, expecting its EPS to rise 12% in 2015, which will be driven by the earnings of its pipeline business and reduction in losses of its chemical business.

The stock was rated at Buy.


Source: AAStocks Financial News

[winston]

not vested

PETROCHINA (00857.HK) maintained at Buy with target lifted to $11.1 by Deutsche
2014-07-03

PETROCHINA (00857.HK) -0.120 (1.208%) Short selling $222.96M; Ratio 24.889% 's profit for the quarter ended 30 April 2014 will bring in surprise; despite the weak pipeline business,

It was benefited by the natural gas price increase by around 24.1% in 1Q2014, and its exploration and production business saw robust performance, Deutsche Bank said in a report.

The bank lifted the company's 2014 profit forecast by about 8% to RMB144.515 billion, equivalent to earnings growth of 11.5%.

The target price was raised from $9.72 to $11.1 and the Buy rating was unchanged.

Source: AAStocks Financial News

[winston]

not vested

<Research Report>PETROCHINA (00857.HK) kept Sell, target lifted to $9.3 - Citi

Citigroup, in the latest research report, raised its 2014 and 15 EPS estimates for PETROCHINA (00857.HK) by 1% and 0.6%.

PetroChina's refining oil and marketing margin delivered strong performances in 1H2014 and the discount to SINOPEC CORP (00386.HK) contracted significantly.

Given the potential long-term benefits from the management's efforts to improve cost control and capital management, the Bank revised upwards its estimated P/E ration for PetroChina and raised its target price from $7.5 to $9.3. However, the Sell rating remained unchanged.

Source: AAStocks Financial News

[winston]

not vested

<Research Report>PETROCHINA (00857.HK) kept Buy, target raised to $14.6 - BofAML
Sep 15, 2014


Bank of America Merrill Lynch said in its latest research report that PETROCHINA (00857.HK) gave guidance that it requests to cut capex by 17% to RMB25 million in 2015, which showed a faster magnitude of decline as compared to the previous two years.

Bofa ML revised upward its 2014 estimated EPS for the company by 16% to reflect the imminent pipeline sales and RMB30 billion non-recurring profit.

The target price was raised from $14.5 to $14.6, and the Buy rating was maintained.

Source: AAStocks Financial News