NSE: ONGC | BSE: 500312

Value Stock, Under Radar

Download real time

226.66 6.82 (3.10%)

New 52W Low in past week

11.9M NSE+BSE Volume

NSE 08 Apr, 2025 3:31 PM (IST)

285,144.6

Market Cap

Market Leader

1.6

Beta 1Year

Very High Volatility

Oil And Natural Gas Corporation Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ONGC, BSE:500312 Oil And Natural Gas Corporation Ltd.

Oil And Natural Gas Corporation Ltd.

01 Apr 2020

226.66

3.10%

ONGC (BUY): Riding the storm

Buy: Oil And Natural Gas Corpor...

Target

BOB Capital Markets Ltd.

Key takeaways from our recent interaction with the ONGC management.

Number of FII/FPI investors decreased from 884 to 817 in Dec 2024 qtr

Oil And Natural Gas Corporation Ltd.

31 Mar 2020

226.66

3.10%

ONGC

Hold: Oil And Natural Gas Corpor...

Target

ICICI Securities Limited

Crude prices witnessed a sharp decline in March due to spread of Covid-19 across the globe and Opec deal failure. A likely increase in oil output by both Saudi Arabia and Russia from Q1FY21E and lower demand are expected to lead to a sizeable oversupply in the oil market. Subsequent low oil prices are expected to significantly affect ONGC's profitability....

Number of FII/FPI investors decreased from 884 to 817 in Dec 2024 qtr

Oil And Natural Gas Corporation Ltd.

30 Mar 2020

226.66

3.10%

ONGC Ltd Target Price 77

Hold: Oil And Natural Gas Corpor...

BP Wealth

Oil And Natural Gas .. has an average target of 307.80 from 6 brokers.

Oil And Natural Gas Corporation Ltd.

25 Feb 2020

226.66

3.10%

OIL AND NATURAL GAS CORPORATION LIMITED

Hold: Oil And Natural Gas Corpor...

Geojit BNP Paribas

The volatility in crude oil prices is expected to continue in short-term, while the new block should provide necessary uptick in production from FY21 onwards. We maintain our HOLD rating on the stock with a roll forward target price of Rs. 107 using SOTP valuation. Topline adversely impacted by weaker realizations In Q3FY20, standalone revenue fell 14.4% YoY to Rs. 23,710cr, on the back of a continued decline in crude oil prices in the global markets. Offshore business revenue dropped 16.8% YoY to Rs. 15,765cr, while Onshore business decreased to Rs. 7,945cr...

Oil And Natural Gas .. has an average target of 307.80 from 6 brokers.

Oil And Natural Gas Corporation Ltd.

17 Feb 2020

226.66

3.10%

ONGC

Hold: Oil And Natural Gas Corpor...

Target

ICICI Securities Limited

ONGC declared its O3FY20 results that were below our estimates on the profitability front, mainly due to higher depreciation & amortisation costs and lower other income. Revenues declined 3.2% QoQ at | 23710.1 crore (our estimate: | 22823.2 crore) on account of marginally lower realisations as well as sales volume QoQ. The oil & gas production was largely in line with our estimates. As per expectations, the quarter witnessed nil subsidy burden while net realisations were at US$59.7/bbl. EBITDA during the quarter declined 7.5% QoQ and came in at | 12298.3 crore (our estimate:...

Oil And Natural Gas Corporation Ltd. is trading below all available SMAs

Oil And Natural Gas Corporation Ltd.

17 Feb 2020

226.66

3.10%

ONGC

Results Update: Oil And Natural Gas Corpor...

SMC online

profit to Rs 15655.46 crore. Other income of the company fell 34% to Rs 1744.44 crore. Interest cost rose 14% to Rs 1536.55 crore. Depreciation (includes Depletion, Amortization and impairment losses) cost increased 25% to Rs 7514.45 crore. PBT before EO fell 35% to Rs 8348.9 crore. The company had nil EO income/expense during the quarter compared to EO expense of Rs 10.26 core. PBT after EO fell 35% to Rs 8348.9 crore. Tax expenses fell 12% to Rs...

Oil And Natural Gas .. has an average target of 307.80 from 6 brokers.

Oil And Natural Gas Corporation Ltd.

15 Feb 2020

226.66

3.10%

ONGC (3QFY20): Pure play on crude price. Maintain BUY

Buy: Oil And Natural Gas Corpor...

Target

HDFC Securities

Despite production cut from OPEC and non-OPEC countries, we expect the oil prices to remain muted owing to the robust supply from US Shale and weakening global macros. Thus, we do not foresee subsidy sharing in FY21/22E as well. Besides, ONGC will generate OCF yield of 32.1/35.1% and dividend yield of 9.7% over FY21/22E. Though the stock has remained out of flavor given GoI's stake sale to achieve its disinvestment target, it still remains a key overhang on the stock (in the last 2 years, GoI's shareholding shrank from 67.7% to 62.8%). We value ONGC at Rs 173/sh (8x Dec-21E standalone core EPS (adj. for dividend income) + OVL EPS and Rs 31 from other investments) vs the consensus TP of Rs 184. We maintain BUY on ONGC following an inline performance with our PAT estimate in 3QFY20. The current valuations after adjusting for investments (OVL and others) for FY21/22 are 1.5/1.3x EV/EBITDA, 3.6/3.1x PER. Such pessimism is unwarranted in our opinion.

Number of FII/FPI investors decreased from 884 to 817 in Dec 2024 qtr

Oil And Natural Gas Corporation Ltd.

06 Jan 2020

226.66

3.10%

First Light | Infrastructure

Buy: Oil And Natural Gas Corpor...

BOB Capital Markets Ltd.

Ambitious Rs 102tn infra push funding holds the key

Number of FII/FPI investors decreased from 884 to 817 in Dec 2024 qtr

Oil And Natural Gas Corporation Ltd.

20 Dec 2019

226.66

3.10%

First Light | December MPC Minutes, Transport Corp of India

Buy: Oil And Natural Gas Corpor...

BOB Capital Markets Ltd.

December MPC Minutes: Room for further easing remains. TRPC: NDR takeaways

Number of FII/FPI investors decreased from 884 to 817 in Dec 2024 qtr

Oil And Natural Gas Corporation Ltd.

04 Dec 2019

226.66

3.10%

OIL AND NATURAL GAS CORPORATION LIMITED

Hold: Oil And Natural Gas Corpor...

Recommendation Target

Geojit BNP Paribas

Continued weakness in crude oil impacts performance Standalone revenues declined 12.5% YoY to Rs. 24,493cr in Q2FY20, impacted by lower crude oil volumes and pricing. Crude oil prices fell 17.0% YoY to USD 60.3/bbl (-9.0% QoQ), while crude oil production volumes declined 3.9% YoY to 5.8t and sales volumes fell 1.2% YoY to 5.4mt. Overall revenue from offshore facilities dropped 15.8% YoY to Rs. 16,014cr, while onshore facilities revenue declined 5.5% YoY to Rs. 8,479cr. EBITDA was down 14.8% YoY to Rs. 14,377cr as EBITDA margin contracted ~160bps YoY to 58.7% due to higher material costs. PAT of Rs. 6,263cr (-24.2% YoY)...

Oil And Natural Gas .. has an average target of 307.80 from 6 brokers.

No results found

Is Oil And Natural Gas Corporation Ltd. worth buying?

1789 Votes:

Buy 78.7%

Sell 9.11%

Hold 12.19%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf