Thanachart lifts target to THB 125.00 for PTTEP stock

Published on 10/17/2026 at 20:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income reached THB 27.20 billion in 2026. PTTEP stock cost THB 155.00 on October 15, 2026, down 0.32 percent on SET.

Analyst view and trading metrics

Thanachart raised its PTTEP target to THB 125.00 on October 2, 2026.
KKPS forecast third-quarter core profit of THB 20.90 billion and a THB 2.50 billion hedging loss on October 8, 2026.
PTTEP stock last stood at THB 155.00 on October 15, 2026 at 4:36 p.m. ICT, down 0.32 percent versus the prior close.
PTTEP had a market capitalization of THB 615.3 billion and a P/E ratio of 8.89 as of October 15, 2026.

PTTEP, TH0355A10Z12, Illustration mit AI erstellt.

Thanachart Securities raised its PTTEP target from THB 111.00 to THB 125.00 on October 2, 2026, while retaining a Sell view, according to Thanachart Securities. PTT Exploration and Production stock last stood at THB 155.00 on October 15, 2026 at 4:36 p.m. ICT on the SET, down 0.32 percent versus the prior close of THB 155.50.

Target remains below price

The revised target sits 19.35 percent below the latest SET price. Thanachart cited higher short-term oil assumptions but kept a negative longer-term view, with earnings expected to weaken from 2027 as production growth slows.

Second-quarter earnings reset

PTTEP reported net income of THB 27.20 billion in the second quarter of 2026, compared with THB 11.84 billion in the first quarter, according to TradingView. The same page lists the latest quarter earnings per share at THB 6.85, against a THB 6.45 estimate.

For the third quarter, Kiatnakin Phatra Securities forecast core profit of THB 20.90 billion on October 8, 2026. Its estimate included a THB 2.50 billion oil hedging loss, which would reduce reported net income to THB 18.30 billion, Kaohoon International reported.

Price position and valuation

The latest SET price sits within the 52-week range of THB 104.00 to THB 164.00. At THB 155.00, the stock is 5.49 percent below the high. Trading volume reached 17,572,584 shares on October 15, 2026, 1.70 percent above the average volume of 17,278,500 shares.

Valuation and next date

PTTEP had a market capitalization of THB 615.3 billion, a P/E ratio of 8.89 and a trailing dividend yield of 0.06 percent as of October 15, 2026. The next earnings date is October 29, 2026, according to TradingView.

Comparison with peers

PTTEP (SET, THB): minus 0.32 percent, P/E 8.89, market capitalization THB 615.3 billion

PTT (SET, THB): plus 0.61 percent, P/E 9.45, market capitalization THB 1,161.3 billion

Thai Oil (SET, THB): minus 3.00 percent, P/E 5.02, market capitalization THB 162.5 billion

SET quote stays the frame

PTTEP's latest market picture combines a THB 125.00 Thanachart target with a THB 155.00 SET quote and a 52-week high of THB 164.00. The next scheduled earnings date is October 29, 2026.