Petronet LNG Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PETRONET, BSE:532522 Petronet LNG Ltd.

Petronet LNG Ltd.

02 Jul 2020

280.00

1.14%

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 below its 100 day SMA of 290.3

Petronet LNG Ltd.

01 Jul 2020

280.00

1.14%

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 below its 100 day SMA of 290.3

Petronet LNG Ltd.

01 Jul 2020

280.00

1.14%

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 812 to 776 in Sep 2025 qtr

Petronet LNG Ltd.

01 Jul 2020

280.00

1.14%

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

Petronet LNG Ltd. is trading above its 50 day SMA of 276.8

Petronet LNG Ltd.

30 Jun 2020

280.00

1.14%

Petronet LNG (BUY): Margins outperform ex. one-offs

Buy: Petronet LNG Ltd.

Target

BOB Capital Markets Ltd.

Petronet LNG's (PLNG) Q4FY20 EBITDA underperformed at Rs 7bn (+11% YoY) due to ~Rs 3bn in one-offs and low volumes (219tbtu, +7% YoY).

Petronet LNG Ltd. has an average target of 338.00 from 6 brokers.

Petronet LNG Ltd.

30 Jun 2020

280.00

1.14%

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...

Petronet LNG Ltd. is trading above its 50 day SMA of 276.8

Petronet LNG Ltd.

30 Jun 2020

280.00

1.14%

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.'s price crossed above 30Day SMA today

Petronet LNG Ltd.

31 Mar 2020

280.00

1.14%

Petronet LNG

Buy: Petronet LNG Ltd.

Recommendation 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 812 to 776 in Sep 2025 qtr

Petronet LNG Ltd.

20 Mar 2020

280.00

1.14%

Petronet LNG - 3QFY20 Result Update

Hold: Petronet LNG Ltd.

Reliance Securities

Lower Spot LNG Prices to Drive Growth: Maintain HOLD Petronet LNG (PLNG) has reported EBITDA of Rs11.1bn (+31% YoY and -5% QoQ) in 3QFY20, exceeding our estimate by 7%. EBITDA growth is backed by stellar volume performance, 5% rise in regasification tariffs and adoption of Ind AS 116 with Lease Liability'. Its PBT grew by 11% YoY and 2% QoQ, 8%/6% higher than ours/consensus estimates. Reported net profit was higher due to adoption of lower tax rate. Net profit increased by 19% YoY to Rs6.75bn, (8%/2% higher than ours and consensus estimates). Despite delay in commissioning of Kochi-Mangalore pipeline (Mar'20), we believe lower spot LNG prices are a new growth driver, which will likely improve the...