PTT Exploration & Production's 2Q Net Profit Likely to Rise -- Market Talk

Dow Jones
04/09

0407 GMT - PTT Exploration & Production's 2Q net profit is expected to rise, partly due to higher crude oil prices amid Middle East tensions, UOB Kay Hian analysts say in a note. The average price of a barrel of oil this quarter so far is $101.50, compared to $85.16 in 1Q. The Thai oil producer is also likely to gain from stronger sales volume, with 550,000 to 560,000 barrel oil equivalent per day, up 2% on quarter. UOB KH maintains a buy rating on the stock, but raises its target price to 185.00 baht from 150.00 baht. Shares are last 0.7% higher at 152.00 baht.(amanda.lee@wsj.com)

 

(END) Dow Jones Newswires

April 09, 2026 00:07 ET (04:07 GMT)

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