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

Dow Jones12:07

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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UOB KH maintains a buy rating on the stock, but raises its target price to 185.00 baht from 150.00 baht. 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Shares are last 0.7% higher at 152.00 baht.(amanda.lee@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 09, 2026 00:07 ET (04:07 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2626970524","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2626970524","pubTimestamp":1775707620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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