HINDPETRO(Hindustan Petroleum Corporation Limited)
28.11.2022 - JpMorgan on Hindpetro Maintain Buy CMP 238.8 Target 285
04.11.2022 - CLSA on Hindpetro Maintain Outperform CMP 203.75 Target 235
08.08.2022 - JpMorgan on Hindpetro Maintain Underweight CMP 238.75 Target 207
08.08.2022 - Jefferies on Hindpetro Maintain Underperform CMP 238.75 Target 210
08.08.2022 - CITI on Hindpetro Maintain Buy CMP 238.75 Target 295
20.05.2022 - Nomura on Hindpetro Maintain Neutral CMP 234.5 Target 310
GS ON HPCL : 05.08.2021
* Goldman Sachs maintains BUY call on HPCL, target at Rs 425/sh
* Q1 Core EBITDA 70% Ahead Of Our Expectations
* Earnings Driven By Better-than expected Fuel Retailing Margin
* Raise FY22 Core EBITDA Estimate By 14% Driven By Stronger Fuel Retailing Print
* Forecast FY21-23 Core EBITDA CAGR Of 24%
* Raise FY22 EPS Estimate By 16% To Reflect Q1 Beat
* MAINTAIN BUY TARGET: 425
CITI ON HPCL : 05.08.2021
* Citi maintains BUY call on HPCL, target at Rs 335/sh
* Q1 EBITDA Expectedly Weaker Sequentially, But Much Better Than Our Forecasts
* Healthy Performance Driven By Stronger Performance In Marketing
* Higher-than-expected Inventory Gains & Cost Normalisation Aid Earnings As Well
* MAINTAIN BUY TARGET: 335
CS on HPCL : 30.06.2021
* Neutral, TP Raised to Rs 280 from Rs 242
* Increase FY22E EPS by 26% to Reflect higher marketing margins
* Volumes are hit currently due to lockdown but with improvement in mobility indicators, volumes should recover from 2Q22
CREDIT SUISSE ON HPCL : 30.06.2021
* MAINTAIN NEUTRAL TARGET: 280 (PREVTGT:242)
* Credit Suisse increases FY22 EPS for HPCL by 26% to reflect higher marketing margin
* Increase FY22 EPS By 26% To Reflect Higher
* Marketing Margin With Improvement In Mobility Indicators, Volume Should Recover From Q2TV10
JEFFERIES ON HPCL : 21.05.2021
* MAINTAIN BUY TARGET: 370
* Significant EBITDA beat on much higher inventory gains in refining & marketing for HPCL, Jefferies maintains BUY call on the OMC
* Significant, EBITDA Beat On Much Higher Inventory Gains In Refining & Marketing
* Marketing Volume Growth Sharply Ahead Of Industry Growth
* Mktg Profitability Will Be Restored As Crude Cools & Retail Price Hikes Continue
* Borrowings Flat Due To A Large Increase In Inventories & Back-ended Capex
* Cut Earnings By 3%/5 % For FY22/23 On Ongoing Restrictions
CITI ON HPCL : 21.05.2021
* MAINTAIN BUY TARGET: 295
* Exceptionally strong performance by HPCL through the year; given attractive valuations, maintain positive view on OMCs, Citi says
* Exceptionally Strong Performance Through The Year
* Full-year Standalone EPS At *71/Sh Vs *17/Sh In FY20
* Declared An Attractive Final Dividend Of 22.75/Sh
* Given Attractive Valuations, Maintain Positive View On OMCs
JPMORGAN ON HPCL : 21.05.2021
* MAINTAIN OVERWEIGHT TARGET: 330 (PREV TGT:285)
* JPMorgan increases FY22-23 EPS estimates by 14% & 8% after Q4 earnings
* Reported A Large Beat Driven By Inventory Gains
* See A Sharp Improvement In Underlying Operating Performance
* Increase FY22-23 EPS Estimates By 14% & 8%
JPMORGAN ON HPCL : 21.05.2021
* Maintain Overweight, Target at Rs 330/share
* Strong earnings beat driven by inventory gains
* Raise earnings estimates and PT at Rs 330/share
* See sharp improvement in HPCL's underlying operating performance