If you are looking for “ Petronet LNG share price targets” for upcoming years, you are in the right place. Before we dive into Petronet LNG Ltd. stock price targets, Let’s understand the Petronet LNG company background, technical fundamentals etc.
Petronet LNG Ltd. is an Indian company that was established in 1998 as a joint venture between four major Indian oil and gas companies: GAIL, ONGC, Indian Oil, and Bharat Petroleum. The company’s primary objective is to import liquefied natural gas (LNG) and set up LNG terminals in India. Petronet LNG Ltd. has four operational LNG terminals in Dahej, Gujarat, and Kochi, Kerala, with a total capacity of 17.5 million tonnes per annum.
The company has played a significant role in meeting India’s growing demand for natural gas and reducing the country’s dependence on crude oil imports. Petronet LNG Ltd. is also exploring opportunities to expand its business globally and has signed several long-term LNG supply agreements with international suppliers.
Fundamentals of Petronet LNG Ltd.
Let’s look at the fundamentals of Petronet LNG, based on which we can get a clear understanding of the expertise in the Industrial Gases & Fuels sector.
Current Market Cap: The current market cap of Petronet LNG as of 3/11/2023, is ₹ 33,285
P/E Ratio: The current price-to-earning ratio of Petronet LNG is 9.86
Sales Growth: Sales growth in last 1 year for Petronet LNG is 65.89 %
Profit Growth: Profit growth is around 14.35 % in last 1 year
Petronet LNG Ltd. Share Price Target Details
We have done a complete analysis of Petronet LNG and have come up with its share price targets for upcoming years.
Petronet LNG’s Current Share Price is ₹222
Note: These price targets of “Petronet LNG” are only for reference purposes. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition are not covered in this analysis.
Year
Petronet LNG Share Price 1st Targets (₹)
Petronet LNG Share Price 2nd Targets (₹)
2023
247
252
2024
272
280
2025
297
310
2026
322
330
2027
347
360
2028
372
380
2029
397
410
2030
422
430
Petronet LNG share price target 2023
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of Paytm we found
The target share price of Petronet LNG for the year 2023 will be ₹247
Petronet LNG share price target 2024
The target share price of Petronet LNG for the year 2024 will be ₹272
Petronet LNG share price target 2025
The target share price of Petronet LNG for the year 2025 will be ₹297
Petronet LNG share price target 2026
The target price of Petronet LNG for the year 2026 will be ₹322
Petronet LNG share price target 2027 to 2030
The target share price of Petronet LNG for the years 2027, 2028, 2029, and 2030 will be ₹347, ₹372, ₹397, and ₹422 respectively.
Formal Technical Analysis of Petronet LNG’s Recent Price Movements
Current Stock Price
As of September 21, 2023, the current stock price of Petronet LNG is ₹238.
Initial Target: ₹245 – Based on the 50-day moving average and recent momentum.
Intermediate Target: ₹260 – A break above the 52-week high could lead to this level.
Advanced Target: ₹275 – Based on Fibonacci extensions and historical resistance levels.
Potential Bearish Targets
Initial Target: ₹230 – Near the 200-day moving average.
Intermediate Target: ₹215 – Previous support level.
Advanced Target: ₹200 – Based on Fibonacci retracements and historical lows.
Conclusion and Opinion
Petronet LNG has a strong market capitalization of ₹35,685 Cr. The company has an impressive Return on Capital Employed (ROCE) of 26.6% and a Return on Equity (ROE) of 22.8%. It also maintains a healthy dividend yield of 1.26%.
Based on the metrics and technical analysis, the stock has both bullish and bearish potentials. However, given the company’s strong financials and the current market sentiment, a bullish outlook seems more likely in the near term.
