Petronet LNG Ltd. News and Updates

Name: Latest research reports of Petronet LNG Ltd. authored by Ventura and published by - Trendlyne research reports.
Item: Petronet LNG Ltd.
Rating: 5
Author: Ventura

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Petronet LNG Ltd.

05 Jul 2020

320.25

-0.47%

Trading pick of the week: Buy Petronet LNG

Business Line

Investors with a medium-term perspective can buy the stock of Petronet LNG at current levels. The stock found support at 171 in late March 2020 and e

Petronet LNG Ltd. is trading below its 200 day SMA of 326.2

Petronet LNG Ltd.

03 Jul 2020

320.25

-0.47%

Petronet LNG's Q4FY20 shows covid-19 impact; competition key concern ahead

livemint

Given that the lockdown continued for a good part of the June quarter, it would weigh on Petronet's volumes.Going ahead, benign LNG prices are expected to improve demand prospects for Petronet

ICICI Securities Limited decreased Sell price target of Petronet LNG Ltd. to 250.0 on 20 May, 2025.

Buy Petronet LNG; target of Rs 340: Motilal Oswal

Moneycontrol | 02 Jul 2020 4 more

Petronet LNG Ltd.

02 Jul 2020

320.25

-0.47%

PETRONET LNG LTD

Buy: Petronet LNG Ltd.

Ventura

SHORT NOTE

Petronet LNG Ltd. has an average target of 329.83 from 6 brokers.

Petronet LNG Ltd.

02 Jul 2020

320.25

-0.47%

Petronet LNG

Buy: Petronet LNG Ltd.

Target

Dolat Capital

nationwide lockdown was announced in the last 10 days of March, which lead to a slump in demand of gas. Operating profit was below our estimates, due to higher other expenses as they moved to IndAs which included lease impact and forex impact as rupee depreciated by Rs. 4 in Q4FY20. The overall volumes were 219 TBTU in Q4FY20. Volume at Dahej was 206 TBTU, and Kochi volumes and capacity utilization remained low. Given gradual capacity addition and increase in re-gasification margins,...

Petronet LNG Ltd. is trading above its 150 day SMA of 316.8

Petronet LNG Ltd.

01 Jul 2020

320.25

-0.47%

Petronet LNG: Q4FY20 Result Review

Buy: Petronet LNG Ltd.

Target

IDBI Capital

Petronet LNG (PLNG) Q4FY20 result was a miss at EBTDA level due to higher other expenses. The company's revenue increased 2% YoY to Rs85.7 bn on the back of higher volume. Total volume increased 7% YoY (-6% QoQ) to 219tbtu led by 4% increase in Dahej volume and 87% increase in Kochi volume. Kochi-Mangalore pipeline is expected to complete by Jul'2020 which is likely to increase Kochi's utilisation to 30%-35%. The company's utilisation level at Dahej reached to 100% in June'2020 after seeing some disruption in Apr (upto 60% utilisation) and May'2020. We forecast Dahej/Kochi volume to reach to 17.8/1.8mmt in FY22 from 17.2/0.8mmt in FY20. We expect PLNG to get stiff...

Petronet LNG Ltd. is trading above its 150 day SMA of 316.8

Petronet LNG Ltd.

01 Jul 2020

320.25

-0.47%

First Light | Balance of Payments, Petronet LNG, Mayur Uniquoters

Buy: Petronet LNG Ltd.

BOB Capital Markets Ltd.

BoP: Current account turns surplus. PLNG: Margins outperform ex. one-offs. MUNI: Margin expansion aided by exports

ICICI Securities Limited decreased Sell price target of Petronet LNG Ltd. to 250.0 on 20 May, 2025.

Petronet LNG Ltd.

01 Jul 2020

320.25

-0.47%

Petronet LNG

Buy: Petronet LNG Ltd.

Target

ICICI Securities Limited

Petronet LNG's total volumes were above our estimates, mainly on account of contracted long term LNG sales and Dahej spot sales. Total sales volumes came in at 219 tbtu vs. 205.1 tbtu in Q4FY19 (up 6.8% YoY) and 233 tbtu in Q3FY20 (down 6% QoQ). Regasification volumes were in line with our estimates at 105 tbtu. Capacity utilisation at the Dahej terminal was at ~85% while capacity utilisation for Kochi terminal was at ~20%. In April, during the lockdown period, Dahej utilisation was lower at 50-55%. It picked up in May and is currently at ~100%. Subsequently, we estimate 881.9 tbtu and...

Number of FII/FPI investors decreased from 813 to 796 in Mar 2025 qtr

Petronet LNG Ltd.

30 Jun 2020

320.25

-0.47%

Petronet LNG reports 373.20-crore consolidated net profit in Q4

Business Line

Recommends 70% dividend

Petronet LNG Ltd. has an average target of 329.83 from 6 brokers.

Petronet LNG Ltd.

30 Jun 2020

320.25

-0.47%

Petronet LNG

Buy: Petronet LNG Ltd.

Target

Sharekhan

Petronet LNG's (PLNG) Q4FY2020 adjusted operating profit of Rs. 907 crore (up 44.5% y-o-y; down 8.2% q-o-q) was lower than our estimate of Rs. 952 crore due to lower margin on spot volumes. We have adjusted operating profit for forex loss of Rs. 178 crore and inventory loss of Rs. 31 crore in Q4FY2020. Dahej re-gas volume at 206 tBtu (up 4% y-o-y; down 7.2% q-o-q) was largely in-line with our estimate of 204 tBtu. Kochi terminal's volume stood at 13 tBtu (up 18.2% q-o-q), leading to higher utilisation rate of 20.4% in Q4FY2020 versus 17.3% in Q3FY2020. Adjusted PAT at Rs. 559...

ICICI Securities Limited decreased Sell price target of Petronet LNG Ltd. to 250.0 on 20 May, 2025.

Petronet LNG Ltd.

30 Jun 2020

320.25

-0.47%

Reiterate strong utilization rates; Huge potential for ssLNG

Buy: Petronet LNG Ltd.

Target

Motilal Oswal

30 June 2020 4QFY20 EBITDA stood at INR7b (v/s est. INR11.2b; +11% YoY and -37% QoQ), led by higher other expenditure. Other expenditure was higher by ~INR2.8b in 4QFY20, primarily due to ~INR1.78b on account of forex related changes on lease liability and higher-than-normal expenditure on CSR. Also, lower other income led to PAT coming in 18% lower YoY at INR3.6b (v/s est. Tax rate was 26.2% in 4QFY20. Total volumes stood at 219tbtu (v/s est. -9%, +7% YoY and -6% QoQ) Utilization at Dahej came in lower than est. at 93% (100% in 3QFY20), with volumes at 206tbtu (+4% YoY and -7% QoQ), primarily due to COVID-19. Utilization at Kochi was higher than est.

Petronet LNG Ltd. is trading below its 200 day SMA of 326.2

Is Petronet LNG Ltd. worth buying?

851 Votes:

Buy 83.31%

Sell 9.52%

Hold 7.17%

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