PetroChina stock: Goldman Sachs keeps Buy rating at CNY 15.50

Published on 10/21/2026 at 15:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are set for October 28, 2026. PetroChina stock costs EUR 1.10 on October 21, 2026, down 1.03 percent versus the Frankfurt close.

Goldman Sachs maintains Buy view

Goldman Sachs maintained its Buy rating and set a new CNY 15.50 A-share target on October 16, 2026.
PetroChina is scheduled to release third-quarter 2026 results on October 28, 2026.
PetroChina stock costs EUR 1.10 at Lang & Schwarz on October 21, 2026 at 3:09 p.m. CEST, down 1.03 percent versus the Frankfurt close of October 20, 2026.
The CNY 15.50 target is 23.41 percent above the Shanghai price of CNY 12.56.

PetroChina, CNE1000003W8, Illustration mit AI erstellt.

PetroChina Company Limited (CNE1000003W8) has a new CNY 15.50 target for its A shares from Goldman Sachs, which maintained its Buy rating on October 16, 2026. The target stands 23.41 percent above the Shanghai price of CNY 12.56. At Lang & Schwarz, the stock was trading at EUR 1.10 on October 21, 2026 at 3:09 p.m. CEST, down 1.03 percent versus the Frankfurt close of October 20, 2026.

Goldman target leaves room above

According to Futu, Goldman Sachs set the new A-share target at CNY 15.50 and the H-share target at HKD 12.10 on October 16, 2026. The research note also retained a Buy rating for PetroChina and cited upstream exposure and cash-flow coverage as supporting factors.

Price position in Shanghai

PetroChina last traded at CNY 12.56 on the Shanghai Stock Exchange on October 21, 2026 at 3:00 p.m. CST. Its 52-week range was CNY 8.59 to CNY 13.69, placing the latest price 8.25 percent below the high and 46.22 percent above the low. Trading volume reached 130,429,353 shares.

Valuation and results date

PetroChina had a price-to-earnings ratio of 13.08 and a market capitalization of CNY 2.2 trillion as of October 21, 2026. The company is scheduled to release third-quarter 2026 results on October 28, 2026, according to MarketScreener.

Comparison with peers

PetroChina: down 1.03 percent versus the Frankfurt close, price-to-earnings ratio 13.08, market capitalization CNY 2.2 trillion.

Sinopec (Shanghai Stock Exchange, CNY): down 0.55 percent, price-to-earnings ratio 18.35, market capitalization CNY 654.3 billion.

CNOOC (Hong Kong Stock Exchange, HKD): down 1.24 percent, price-to-earnings ratio 7.09, market capitalization HKD 1.1 trillion.

The euro quote and downside

The euro quotation was EUR 1.10 at Lang & Schwarz on October 21, 2026 at 3:09 p.m. CEST, 1.03 percent below the Frankfurt close of October 20, 2026 at EUR 1.11. The Shanghai price and the analyst target provide a separate home-market comparison.

The further course of trading is shown by the continuously updated real-time quote of PetroChina stock.