ONGC and BP have strengthened their collaboration to breathe new life into mature offshore oil and gas fields, aiming to enhance production and efficiency. This strategic move could lead to increased energy output.
Oil & Natural Gas Corporation Limited
ONGCPrice History
Recent Discussions
UBS recommends buying ONGC shares, forecasting a potential increase of 22.8%, setting the target price at ₹350. The energy giant's strategic partnership with BP Plc is expected to boost production by 24.1% over the next decade.
Anticipation is high as ONGC prepares to release its earnings report, with investors eagerly awaiting details about the company's financial performance.
On May 26th, numerous companies such as IRCTC, ONGC, Siemens, AstraZeneca, JK Tyre, Bayer CropScience, EID Parry, Gujarat Fluorochemicals, and GIC India will be releasing their Q4FY26 financial results. Investors eagerly await updates from these firms on their recent performances.
Investors are optimistic about ONGC's Q4 earnings as Morgan Stanley expresses a positive outlook for the Maharatna PSU stock, indicating potential growth ahead.
ONGC and BP have joined forces to increase offshore oil production through the application of cutting-edge technology. The partnership is projected to result in a 10.8% increase in crude oil and a 31.5% rise in gas output by fiscal year 2030, with noticeable results expected as early as fiscal year 2027.
ONGC has chosen BPXS UK, a British Petroleum subsidiary, as the Technical Service Provider (TSP) for its Western Offshore fields, according to recent announcements. Notably, this decision excludes 43 blocks in Mumbai High from BPXS's scope of work.
UBS has rated Oil and Natural Gas Corporation (ONGC) as a 'buy', indicating optimism towards their Q4 earnings, suggesting the company could have significant growth potential in the coming quarters.
Four major companies - ONGC, Siemens, IRCTC, Brainbees, and Senco Gold are set to release their fourth-quarter results today, giving investors valuable insights into their recent performance. Financial data and earnings estimates can be found in the provided table.
These companies - ONGC, Hitachi Energy, RVNL, and JSW Energy - are under the spotlight as they prepare to release their Q4 results. The announcements could potentially spark notable market movements due to the impact of their financial performances on investor sentiment.
ONGC will release their Q4 results on May 26th, with investors keenly awaiting the dividend decision that could influence market sentiment. The company's shares have shown a 3% decrease over the last five days but have increased by 20.1% year-to-date, following a 23% jump in Q3 net profit to ₹11,946 crore.
Major corporations such as Asian Paints, IndiGo, ONGC, and RVNL are set to disclose their Q4FY26 financial results, with over 1,500 companies slated to release their earnings reports in the coming days.
Next week, over 1900 companies such as Suzlon, ONGC, Asian Paints, and others will release their Q4 financial results. Investors will closely watch the figures on revenue, profit, margins, and management's insights to influence market sentiments and formulate future strategies.
Niko has accused ONGC of falling short in the development of the KG D6 oil fields, a claim made during a court hearing over a gas theft disagreement. Moreover, Niko denies ONGC's accusations of gas theft in this ongoing conflict.
ONGC's Q4 revenue is projected to increase by 14%, however, the company's profit margins might be under strain. This could impact the anticipated dividends for shareholders, with EBITDA estimates potentially being affected as well. Key risks to watch out for include operational challenges and market volatility.
ONGC recently engaged in a significant share trade, with approximately 10.2 million shares changing hands in a single transaction.
ONGC conducted a block deal on the NSE worth INR 30.3 crore, with each share trading at approximately INR 296.9 in this transaction.
Kotak Securities recommends Praj Industries, HDFC Life, and ONGC for potential short-term profits, predicting prices of ₹415, ₹650, and ₹320 respectively. Investors are encouraged to adopt cautious strategies in the current market that seems range-bound.
ONGC could potentially see a 15% increase in value due to sustained high crude prices, according to JM Financial. Meanwhile, oil marketing companies like IOCL, BPCL, and HPCL have not benefited from recent price increases, losing around ₹15-17 per liter instead.
The brokerage firm, Motilal Oswal, cautions that Oil and Natural Gas Corporation (ONGC) may experience a 7% decline, even after its recent uptick in share prices. Investors should exercise caution.
Recommended stocks for May 14, 2026 include ONGC, NTPC Green, and Biocon due to favorable technical and sectoral trends. Anticipated prices are ONGC at Rs 320, NTPC Green at Rs 120, and Biocon at Rs 430, with suggested stop losses for risk management.
Jefferies continues to recommend buying ONGC shares, setting a target price of INR 360. The decision is based on a decrease in crude royalty rates to 12.5%, while gas royalties remain steady. As a result, earnings per share estimates for FY27 and FY28 have been increased by 4% and 8%, respectively.
ONGC recorded a significant block trade on the NSE for approximately 2.14 million shares valued at around INR 63.8 crore, with each share trading at INR 298.15.
Motilal Oswal predicts ONGC's net profit will increase by 5% in FY27, attributing the growth to reduced royalties and updated pricing standards. The target price for ONGC shares is set at Rs 275 with a neutral rating, suggesting stability. Key offshore projects and exploration initiatives are viewed as potential drivers for growth.
Today, stocks of ONGC, Infosys, TCS, JSW Energy, and Bharat Forge are seeing significant movement in trading. These companies are currently driving action in the stock market. (Financial Express)
CLSA predicts a significant 44% increase in ONGC's share price due to the anticipated royalty reduction. The potential elimination of windfall taxes could be a pivotal moment for ONGC, offering relief and possible growth opportunities.
ONGC saw a 5.1% increase in share price to Rs 295.5, following the government's decision to lower crude oil royalty rates. The new rate, reduced from 20% to 12.5%, outperformed the Nifty 50 index by significantly more than its -0.7% decline.
ONGC's share price rose 0.6% to close at 280.95 on May 12, 2026, as a result of bullish momentum. The Relative Strength Index (RSI) remains neutral, but the Moving Average Convergence Divergence (MACD) and average indicators support this optimistic trend. The year-to-date (YTD) return of 16.9% surpasses that of the Sensex, with a Mojo Score of 68.0.
The Indian government has reduced oil and gas royalties, marking a significant shift in the energy sector. This move highlights companies like ONGC and Oil India, as they stand to benefit from these reforms, according to Hardeep Puri. This change could usher in a new era for India's energy sector.
CLSA anticipates that a government action could potentially improve the future prospects for companies like ONGC and Oil India. This could be beneficial news for investors in these oil and gas firms.
The Indian market experienced a downturn today, with the Nifty dropping approximately 230 points, nearing 23,600. Smallcap also fell by 1.5%. However, gains were seen in ONGC and Hindalco amid speculation about royalty rates, while IT stocks weighed heavily on the market.
The government's decision to lower the royalty on crude oil production could potentially benefit companies such as ONGC, Oil India, and Reliance, likely leading to growth within the sector.
ONGC and Oil India experienced a 6% increase in share prices following CLSA's optimistic outlook on potential royalty cuts, suggesting a possible financial boost for these companies.
The state-owned oil and gas company, ONGC, is experiencing growth, contrasting the predicament of three OMCs who are grappling with a potential 2 trillion rupee under-recovery in the Indian energy sector.
The Indian government has lowered the royalty rates on crude oil and natural gas, which could potentially boost earnings for companies like ONGC and Oil India. According to CLSA, these companies' shares could see a 7-11% increase in fair value, with ONGC currently reporting a 0.45% gain.
The ONGC board will gather for a meeting on the 26th of May, 2026. This event signals potential strategic discussions and decisions regarding the company's future operations. Stay tuned for updates post the meeting.
During the current earnings season, shares of ONGC and pharmaceutical companies have experienced a significant boost, rising as much as 15%, indicative of optimistic market anticipation for strong earnings reports.
The Nifty index hovers close to 24,100, with Bank Nifty at approximately 54,970. Pharmaceutical stocks are driving the market's gains today, while L&T, ONGC, and Titan are experiencing losses due to their earnings reports. Companies like Raymond Realty, Coforge, and Shoppers Stop have seen positive growth following their financial results.
Ambit Capital notes notable performers in April rollovers, specifically Sun Pharma and ONGC. However, a particular sector presents a potential short trap, triggering market worries.