Crude Oil share price target and research reports

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SECTOR | 05 Mar 2024, 12:00AM

First Light | Bonds Wrap, Crude Imports, Currency Outlook, GDP Forecast, Diversified Financials, Power

BOB Capital Markets Ltd.

Bonds Wrap: Fortnightly review. Crude Imports: India's crude import-story so far. Currency Outlook: Fortnightly forex review. GDP Forecast: GDP expectations for FY25. Diversified Financials: Sustained, strong demand for mutual funds. Power: Capacity addition quickens but lags annual targets

Crude Oil

SECTOR | 30 Nov 2023

Crude Oil

Crude Oil

CD Equisearch

Crude Oil

SECTOR | 09 May 2022

Crude Oil

Crude Oil

CD Equisearch

Crude Oil

SECTOR | 29 Apr 2021

Crude Oil

Crude Oil

CD Equisearch

Crude Oil

SECTOR | 25 Mar 2020

Crude Oil

Crude Oil

CD Equisearch

Crude Oil

SECTOR | 18 Feb 2020

Economic Spotlight - Higher Oil Prices Cause Trade Deficit To Widen

Crude Oil

Edelweiss

Trade deficit widened to USD 15.2 billion in January as against USD 11.2 billion in December on the back of higher oil prices.

Crude Oil

SECTOR | 25 Jan 2020

International subsidiaries drag performance

Crude Oil

Motilal Oswal

25 January 2020 JSW Steels (JSTL) third-quarter result reflects the challenges faced by the industry, with S/A EBITDA/ton at INR5,998 dropping to the lowest level in the past 15 quarters due to a sharp decline in steel prices. Prices have recovered sharply over the past two months, strengthening the margin outlook. We estimate EBITDA/t to improve ~50% QoQ to INR9,000 in 4QFY20. We, however, cut our estimate marginally for FY21 to factor in the delay in the commissioning of the Dolvi plant. Maintain INR26.8b) and PBT declined 81% YoY (-34% QoQ) to INR4.6b due to lower INR4.6b) due to the severe loss in the international subsidiaries. Standalone (S/A) sales volumes were up 10% YoY (+12% QoQ) at 4.0mt, driven by exports (+163% YoY), while domestic volumes declined 8% YoY. Crude steel production also declined 5% YoY (+4.7% QoQ) to 4.02mt. EBITDA/t declined significantly to INR5,998/t (-50% YoY, -7% QoQ) due to lower realization, partly offset by reduced costs.

Crude Oil

SECTOR | 09 Jul 2019

Materials (Oil & Gas, Chemicals): 1QFY20E Results Preview

Crude Oil

HDFC Securities

We expect 26/33% jump in EBITDA for OIL and ONGC on account of 9.6/9% increase in oil/gas realisation in rupee terms. ONGC's oil sales volume is likely to be up 5.7% QoQ to 6.2mmt while gas sales volume should remain flattish QoQ. OIL's oil sales volumes should be up 3.5% QoQ to 0.804mmt and gas sales volumes to 0.637bcm, +2.7% QoQ. Crude prices: Average Brent price has fallen 7.7% YoY and risen 8.9% QoQ to USD 68.8/bbl in 1Q. But, in the last 40-days (-1.5%) and 15-days (-5.5%) of the quarter, the average crude prices and thus product prices have decreased by ~4% resulting in inventory and adventitious losses for OMCs.

Crude Oil

SECTOR | 15 May 2019

Stable oil prices; Gas production to get a fillip

Crude Oil

Motilal Oswal

Despite threats of production pressure from Venezuela and Iran, global economic slowdown and rising production from the US and OPEC+, oil price outlook appears stable.

Crude Oil

SECTOR | 15 Feb 2019

Gas production to grow 5-6 %; Oil likely to remain flat

Crude Oil

Motilal Oswal

15 February 2019 Net operating income increased to INR277b, as against our est. Lower expenditure on account of forex gains resulted in higher EBITDA of INR166b, as against our est. of INR150b (+32% YoY, +5% QoQ). of INR150b (+32% YoY, +5% QoQ). Despite higher-than-expected EBITDA, higher depreciation (including write-offs) dented PAT, which stood at INR82.6b as against our est. of INR80.7b (+65% YoY, flat QoQ). Depreciation including write-offs came in at INR61.5b (+5% YoY, +27% QoQ), due to more-than-double cost (YoY and QoQ) of exploration well write-offs at INR23.9b. Crude oil realization stood at USD66.4/bbl v/s USD60.6/bbl in 3QFY18 and at USD73.1/bbl in 2QFY19.

VOTE: What's your call on Crude Oil?

56 Votes:

Buy 73.21%

Sell 19.64%

Hold 7.14%