New Forecasts: Here's What Analysts Think The Future Holds For PetroChina Company Limited (HKG:857)
Apr 01
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Hong Kong (HSI) Energy Sector Analysis
UpdatedApr 03, 2026
DataAggregated Company Financials
Companies50
- 7D-2.6%
- 3M21.7%
- 1Y51.7%
- YTD21.7%
Over the last 7 days, the Energy industry has dropped 2.6%, driven by a pullback from CNOOC of 7.5%. This takes the industry's 12 month performance to a gain of 52%. Earnings are forecast to grow by 5.2% annually.
Sector Valuation and Performance
Has the Hong Kong Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 03 Apr 2026 | HK$6.6t | HK$7.8t | HK$461.7b | 16.8x | 14.3x | 0.8x |
| Sun, 01 Mar 2026 | HK$6.0t | HK$7.9t | HK$471.8b | 13x | 12.8x | 0.8x |
| Tue, 27 Jan 2026 | HK$5.6t | HK$7.8t | HK$463.8b | 10.5x | 12.1x | 0.7x |
| Thu, 25 Dec 2025 | HK$5.1t | HK$7.7t | HK$458.5b | 9.5x | 11.2x | 0.7x |
| Sat, 22 Nov 2025 | HK$5.3t | HK$7.6t | HK$453.0b | 9.8x | 11.6x | 0.7x |
| Mon, 20 Oct 2025 | HK$4.7t | HK$7.7t | HK$460.9b | 9.5x | 10.2x | 0.6x |
| Wed, 17 Sep 2025 | HK$4.7t | HK$7.7t | HK$462.4b | 10.1x | 10.1x | 0.6x |
| Fri, 15 Aug 2025 | HK$4.7t | HK$7.9t | HK$492.8b | 9.2x | 9.5x | 0.6x |
| Sun, 13 Jul 2025 | HK$4.6t | HK$7.9t | HK$493.4b | 8.7x | 9.3x | 0.6x |
| Tue, 10 Jun 2025 | HK$4.6t | HK$7.9t | HK$492.1b | 8.2x | 9.4x | 0.6x |
| Thu, 08 May 2025 | HK$4.3t | HK$7.8t | HK$483.7b | 7.9x | 8.9x | 0.6x |
| Sat, 05 Apr 2025 | HK$4.4t | HK$7.9t | HK$495.1b | 8.6x | 8.9x | 0.6x |
| Mon, 03 Mar 2025 | HK$4.3t | HK$8.0t | HK$485.0b | 9.1x | 8.8x | 0.5x |
| Wed, 29 Jan 2025 | HK$4.6t | HK$8.0t | HK$488.2b | 9.4x | 9.3x | 0.6x |
| Fri, 27 Dec 2024 | HK$4.8t | HK$7.9t | HK$483.4b | 9.5x | 9.9x | 0.6x |
| Sun, 24 Nov 2024 | HK$4.5t | HK$8.0t | HK$488.2b | 9.4x | 9.2x | 0.6x |
| Tue, 22 Oct 2024 | HK$4.8t | HK$8.4t | HK$505.9b | 9.2x | 9.5x | 0.6x |
| Thu, 19 Sep 2024 | HK$4.5t | HK$8.4t | HK$508.6b | 8.4x | 8.9x | 0.5x |
| Sat, 17 Aug 2024 | HK$5.0t | HK$8.3t | HK$492.7b | 7.1x | 10.1x | 0.6x |
| Mon, 15 Jul 2024 | HK$5.3t | HK$8.3t | HK$487.7b | 8x | 10.8x | 0.6x |
| Wed, 12 Jun 2024 | HK$5.3t | HK$8.3t | HK$489.2b | 7.2x | 10.8x | 0.6x |
| Fri, 10 May 2024 | HK$5.2t | HK$8.3t | HK$491.5b | 7.1x | 10.5x | 0.6x |
| Sun, 07 Apr 2024 | HK$5.1t | HK$8.2t | HK$491.1b | 6.9x | 10.4x | 0.6x |
| Tue, 05 Mar 2024 | HK$4.7t | HK$8.5t | HK$502.0b | 6.8x | 9.4x | 0.6x |
| Thu, 01 Feb 2024 | HK$4.4t | HK$8.6t | HK$507.5b | 6.5x | 8.6x | 0.5x |
| Sat, 30 Dec 2023 | HK$3.9t | HK$8.6t | HK$507.3b | 6.5x | 7.7x | 0.5x |
| Mon, 27 Nov 2023 | HK$3.8t | HK$8.5t | HK$502.4b | 6.7x | 7.6x | 0.5x |
| Wed, 25 Oct 2023 | HK$3.9t | HK$8.4t | HK$496.2b | 6.7x | 7.9x | 0.5x |
| Fri, 22 Sep 2023 | HK$4.1t | HK$8.4t | HK$496.6b | 7.5x | 8.2x | 0.5x |
| Sun, 20 Aug 2023 | HK$3.9t | HK$8.6t | HK$521.2b | 7.3x | 7.4x | 0.4x |
| Tue, 18 Jul 2023 | HK$4.1t | HK$8.7t | HK$535.6b | 7.2x | 7.6x | 0.5x |
| Thu, 15 Jun 2023 | HK$4.0t | HK$8.8t | HK$536.2b | 6.5x | 7.4x | 0.5x |
| Sat, 13 May 2023 | HK$4.1t | HK$9.0t | HK$553.4b | 6.6x | 7.5x | 0.5x |
| Mon, 10 Apr 2023 | HK$3.7t | HK$9.2t | HK$559.4b | 6.5x | 6.6x | 0.4x |
Price to Earnings Ratio
6.6x
Current Industry PE
- Investors are optimistic on the Hong Kong Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 14.3x which is higher than its 3-year average PE of 9.5x.
- The industry is trading close to its 3-year average PS ratio of 0.57x.
Past Earnings Growth
- The earnings for companies in the Energy industry have declined 6.2% per year over the last three years,
- Revenues have also declined 5.1% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Energy sector?
| HK Market | 1.46% | |
| Energy | -2.64% | |
| Oil and Gas | -2.60% | |
| Energy Services | -4.37% | |
Industry PE
- Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 35.1x.
- Analysts are expecting annual earnings growth of 16.1%, which is higher than its past year's earnings growth of 4.3% per year.
- Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.3x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings growth rate of 4.3% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 5.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1138 COSCO SHIPPING Energy Transportation | HK$19.41 | 2.3% +HK$2.4b | 224.0% | PE23.1x | |
| 386 China Petroleum & Chemical | HK$4.59 | 0.2% +HK$1.2b | 12.0% | PE15x | |
| 1164 CGN Mining | HK$4.02 | 1.5% +HK$456.0m | 175.3% | PE67.5x | |
| 1921 Dalipal Holdings | HK$6.90 | 3.0% +HK$301.4m | -23.0% | PE665.3x | |
| 3337 Anton Oilfield Services Group | HK$1.09 | 2.8% +HK$82.9m | 3.8% | PE7.1x |
