Oil and Gas Development (OGDC) Stock Overview
Explores for, develops, produces, and sells oil and gas resources in Pakistan. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
OGDC Community Fair Values
Create NarrativeSee what 120 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
AN
Community Contributor
Give OGDC 5% wt in your PSX portfolio
OGDC carries a high weight in PSX indices and pays consistent quarterly dividends. That is reflected in its price stability.
View narrativePK₨79.4
FV
303.4% overvalued intrinsic discount4.44%
Revenue growth p.a.
128
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Oil and Gas Development Company Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | PK₨320.29 |
| 52 Week High | PK₨352.00 |
| 52 Week Low | PK₨238.20 |
| Beta | 0.47 |
| 1 Month Change | -4.14% |
| 3 Month Change | -1.57% |
| 1 Year Change | 17.95% |
| 3 Year Change | 216.27% |
| 5 Year Change | 252.39% |
| Change since IPO | 515.35% |
Recent News & Updates
Recent updates
Narrative Update • Jun 24
OGDC: New Discoveries And Higher Margins Will Support Steady Medium Term Outlook
Analysts have kept the Oil and Gas Development price target flat at PKR 330.00. They explain that lower expected revenue growth and a slightly higher forward P/E are being balanced by an improved profit margin outlook.Narrative Update • Jun 06
OGDC: New Wells And Revived Production Will Support Balanced Medium Term Outlook
Analysts have kept the oil and gas stock's fair value target steady at PKR 330. They highlight adjustments in the discount rate, revenue growth assumptions and profit margin outlook, along with a slightly lower future P/E, which together shape the latest development narrative.
Narrative Update • May 23
OGDC: New Gas Wells And Dividend Will Support Future Earnings
Analysts have adjusted their PKR price target slightly from PKR 394.13 to PKR 394.50 for the oil and gas development stock. This reflects updated views on revenue growth, profit margins, and a modestly higher discount rate and future P/E assumptions.Narrative Update • May 04
OGDC: New Gas And Oil Outputs Will Support Earnings Momentum
Analysts have adjusted their PKR price targets for oil and gas development stocks to reflect updated expectations for revenue growth of 16.42%, a profit margin of 40.80% and a future P/E of 12.84x, indicating that a modestly stronger earnings profile is now incorporated into their models. What's in the News Gas production from the Jand-1 well in Attock District has been revived after mechanical issues, with output reported at over 21 MMSCFD through a 32/64" choke and wellhead flowing pressure of 3,585 psi, supported by corrosion resistant tubing for sour service (company announcement).Narrative Update • Apr 20
OGDC: New High-Impact Discoveries And Production Additions Will Support Earnings Momentum
Analysts have revised their price target for oil and gas development to PKR 394.13 from PKR 390.33, citing updated assumptions around revenue growth, profit margins, discount rate, and future P/E expectations. What's in the News Oil and Gas Development Company Limited brought the Baragzai X-1 well in the Nashpa Exploration License into production, with reported output of about 5,300 barrels of oil per day, 17 million standard cubic feet of gas per day, and 15 metric tons of LPG, connected to the Mela facility via an 8" x 8.1 km flowline (company announcement).Narrative Update • Apr 06
OGDC: New Discoveries And Horizontal Oil Output Will Support Bullish Outlook
Analysts have maintained the oil and gas developer's fair value estimate at PKR 330.00, reflecting only minor adjustments to revenue growth, profit margin and future P/E assumptions in their latest price target review. What's in the News Gas and condensate production has started from the Spinwam-1 discovery in the Waziristan Block under Extended Well Testing, with around 40 MMscfd of gas and 200 BBL/D of condensate.Narrative Update • Mar 22
OGDC: New Discoveries And Production Gains Will Support Bullish Outlook
Analysts now place the fair value for the oil and gas developer at PKR 330, up from PKR 312, reflecting updated assumptions for revenue growth, profit margins, and forward P/E multiples, while keeping the discount rate unchanged. What's in the News Multiple oil and gas discoveries reported at the Baragzai X-01 exploratory well in the Nashpa Exploration License, including successful tests in Lockhart, Lumshiwal, Samana Suk, Shinawari, Datta, and Kingriali formations, with individual drill stem tests flowing thousands of barrels of oil per day and multi million standard cubic feet of gas per day in several zones (company announcement).
Narrative Update • Mar 08
OGDC: Recent Discoveries And Production Gains Will Support Future Cash Returns
Analysts have trimmed their fair value estimate slightly. The updated PKR 511.69 price target for the oil and gas developer reflects refreshed assumptions around revenue growth, profit margins, and future P/E expectations.Narrative Update • Feb 22
OGDC: New Discoveries And Margin Assumptions Will Shape Balanced Outlook
Analysts have kept the fair value estimate steady at PKR 312.00 per share, highlighting a view that lower projected revenue growth and a reduced discount rate are broadly balanced by expectations for a higher profit margin and a slightly lower future P/E in the oil and gas development outlook. What's in the News Oil and Gas Development Company Limited (OGDCL) and partners reported an oil and gas discovery at the Baragzai X-01 exploratory well in the Lumshiwal and Hangu formations in district Kohat, with test output of 225 barrels of oil per day and 1.01 million standard cubic feet per day of gas on a 32/64 inch choke at 190 psig wellhead flowing pressure (company announcement).Narrative Update • Feb 07
OGDC: Recent Discoveries Will Support Stronger Future Cash Returns
Analysts have lifted their oil and gas price target from $425.00 to about $517.66, citing updated assumptions that combine a higher revenue growth outlook of around 15.93% with a slightly lower projected profit margin of about 39.07%, along with a reduced discount rate and a lower future P/E estimate. What's in the News OGDCL and partners reported an oil and gas discovery at the Baragzai X-01 well over the Samana Suk and Shinawari formations in the Nashpa Exploration License, with test flows of 3,100 barrels of oil per day and 8.15 million standard cubic feet per day of gas through a 32/64 inch choke at 3,010 psig wellhead pressure.Narrative Update • Jan 24
OGDC: New Discoveries And Higher Risk Assumptions Will Shape Balanced Outlook
Analysts have raised their price target for the oil and gas development from US$210.00 to US$312.00, citing revised assumptions around revenue growth, profit margins and future P/E that they believe better reflect the project’s current risk and return profile. What's in the News OGDCL and partners reported an oil and gas discovery at the Baragzai X-01 well in the Nashpa Exploration License, with test flows of 3,100 barrels of oil per day and 8.15 million standard cubic feet per day of gas from the Samana Suk and Shinawari formations, following earlier discoveries in Kingriali and Datta formations at the same well (company announcement).Narrative Update • Jan 10
OGDC: New Discoveries And Expanded Exploration Will Support Future Earnings Momentum
Analysts have raised their price target on the oil and gas developer from $370.20 to $390.33, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple that they view as more accurately reflecting the company’s earnings potential. What's in the News OGDCL reported a gas discovery from the Hangu and Lumshiwal formations at the Bilitang 1 exploratory well in the TAL Block, with initial test output of about 1.58 million standard cubic feet per day of gas at a 40/64" choke and 164 psi wellhead flowing pressure.Narrative Update • Dec 26
OGDC: New Discoveries And Offshore Expansion Will Drive Future Earnings Momentum
Analysts have modestly lowered their price target for the oil and gas developer, citing tempered expectations for revenue growth and profit margins that outweigh a slightly higher anticipated future P/E multiple. This has resulted in a revised fair value estimate of 370.2 compared with 370.6 previously.Narrative Update • Dec 12
OGDC: Exploration Upside Will Support Stronger Future Cash Returns
Analysts have raised their price target on the company from 400 dollars to 425 dollars, citing slightly higher long term revenue growth expectations that more than offset modestly lower projected profit margins and a richer future earnings multiple. What's in the News Government of Pakistan executed three exploration agreements covering one offshore and two onshore blocks, expanding OGDCL's portfolio in Eastern Offshore Indus C and key onshore areas, and reinforcing its long term growth prospects (Key Developments) OGDCL commenced 1,100 BPD oil production from its new Pasakhi 14 development well in District Hyderabad, using advanced drilling technologies to optimize output and reservoir integrity (Key Developments) OGDCL announced a gas and condensate discovery at Bitrism East 1 in Sindh, with combined test potential of 22.5 MMSCFD gas and 690 BPD condensate, supporting indigenous energy supply (Key Developments) Soghri North Well 1 was brought into production with 14 MMSCFD gas and 430 BPD condensate capacity, connected via a new 14 km flow line to Dakhni Plant for early monetization (Key Developments) The company proposed and then secured shareholder approval for a final cash dividend of PKR 5 per share for FY 2025, in addition to three interim dividends already paid (Key Developments) Valuation Changes Fair Value: raised slightly from 400 dollars to 425 dollars, reflecting a modest upward revision to intrinsic valuation.Narrative Update • Nov 27
OGDC: Offshore Exploration Will Drive Up Future Earnings Momentum
Analysts have raised their price target for oil and gas development from $333.43 to $370.60, citing stronger profit margins and adjustments to future earnings projections as key factors for the upward revision. What's in the News OGDCL commenced 1,100 BPD oil production from the new Pasakhi-14 well in District Hyderabad, using advanced drilling technology and equipment.Narrative Update • Sep 26
Projects Like Jhal Magsi And Reko Diq Will Expand Future Production
The upward revision in the consensus price target for Oil and Gas Development primarily reflects improved revenue growth forecasts, with consensus estimates rising from 5.6% to 9.5% annually, resulting in an increase in fair value from PKR315.94 to PKR333.43 per share. What's in the News OGDCL brought Soghri North Well-1 online with a capacity of 14 MMSCFD of gas and 430 BPD of condensate; connected to Dakhni Plant via new pipeline and commenced production from Soghri North Well-2.
New Narrative • Feb 09
Accelerated Development And New Discoveries May Boost Future Production, But Operational Challenges Could Impact Profitability
Extensive exploration and new discoveries position OGDCL for future production growth and revenue increases.Shareholder Returns
| OGDC | PK Oil and Gas | PK Market | |
|---|---|---|---|
| 7D | 2.0% | 3.1% | 1.6% |
| 1Y | 18.0% | 14.5% | 13.4% |
Return vs Industry: OGDC exceeded the PK Oil and Gas industry which returned 13.4% over the past year.
Return vs Market: OGDC exceeded the PK Market which returned 14% over the past year.
Price Volatility
| OGDC volatility | |
|---|---|
| OGDC Average Weekly Movement | 3.2% |
| Oil and Gas Industry Average Movement | 3.6% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in PK Market | 8.4% |
| 10% least volatile stocks in PK Market | 2.6% |
Stable Share Price: OGDC has not had significant price volatility in the past 3 months compared to the PK market.
Volatility Over Time: OGDC's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1961 | 9,968 | Ahmed Lak | www.ogdcl.com |
Oil and Gas Development Company Limited explores for, develops, produces, and sells oil and gas resources in Pakistan. It produces crude oil, gas, liquefied petroleum gas, and sulphur. The company serves distribution and power generation companies, and fertilizer industry.
Oil and Gas Development Company Limited Fundamentals Summary
| OGDC fundamental statistics | |
|---|---|
| Market cap | PK₨1.38t |
| Earnings (TTM) | PK₨155.56b |
| Revenue (TTM) | PK₨390.40b |
8.9x
P/E Ratio3.5x
P/S RatioIs OGDC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OGDC income statement (TTM) | |
|---|---|
| Revenue | PK₨390.40b |
| Cost of Revenue | PK₨179.79b |
| Gross Profit | PK₨210.61b |
| Other Expenses | PK₨55.05b |
| Earnings | PK₨155.56b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Oct 28, 2026
| Earnings per share (EPS) | 36.17 |
| Gross Margin | 53.95% |
| Net Profit Margin | 39.85% |
| Debt/Equity Ratio | 0% |
How did OGDC perform over the long term?
See historical performance and comparisonDividends
4.7%
Current Dividend Yield44%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/11 01:18 |
| End of Day Share Price | 2026/08/11 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Oil and Gas Development Company Limited is covered by 17 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Muhammad Ali | AKD Research |
| Shahmir Khan | Akseer Research (Pvt.) Limited |
| null null | Arif Habib Limited |