PTTEP stock gained 1.38 percent and signed an Algeria deal
Published on 10/08/2026 at 04:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
PTTEP stock gained 1.38 percent to THB 147 on October 7, 2026, on the Thailand Stock Exchange, while the petroleum producer added a new international growth agreement. The move followed a session with a low of THB 145.50 and a high of THB 148.
Algeria deal broadens the portfolio
According to Energy News Africa on October 6, 2026, PTTEP and Algeria's Sonatrach signed a memorandum of understanding covering joint investment opportunities in oil and gas exploration and production in Algeria and abroad.
The agreement also includes skills development, local content, innovation, energy transition and new technologies. PTTEP has operated in Algeria since 2002, giving the memorandum an operating base rather than a purely exploratory starting point.
Q2 profit more than doubled sequentially
PTTEP's Q2 2026 sales revenue rose 26 percent quarter over quarter and 40 percent year over year to USD 3,151 million, according to Quartr. Net profit reached USD 833 million in Q2 2026, up from USD 376 million in Q1 2026 and USD 408 million in Q2 2025.
Sales volume increased 4 percent quarter over quarter and 13 percent year over year to 572,882 barrels of oil equivalent per day. The average selling price rose 15 percent sequentially and 20 percent year over year to USD 52.89 per barrel of oil equivalent, linking the earnings improvement to both volume and pricing.
Consensus target remains above the stock
Investing.com lists a Buy consensus from 22 analysts, with 17 Buy ratings, 4 Hold ratings and 1 Sell rating. The average 12-month target is THB 166.86, with a high of THB 193 and a low of THB 125; the average target lies 13.51 percent above the October 7 price.
The next earnings report is scheduled for October 29, 2026, according to Investing.com. For investors, the key tension is visible in the numbers: strong Q2 operating results support the expansion story, while the valuation still depends heavily on energy prices and international execution.
PTTEP stock holds above THB 145
PTTEP was last at THB 147 on the Thailand Stock Exchange on October 7, 2026, at 4:35 p.m. ICT, with a 1.38 percent daily gain. Its 52-week range was THB 104 to THB 164, placing the share 10.37 percent below the yearly high.
PTTEP stock facts
- Company: PTT Exploration and Production Public Company Limited
- Ticker: PTTEP
- Trading venue: Thailand Stock Exchange
- Price (as of October 7, 2026, 4:35 p.m. ICT): THB 147
- Market capitalization: THB 583.6 billion (as of October 7, 2026)
- 52-week range: THB 104-164 (as of October 7, 2026)
- Sector / Industry: Energy / Oil and Gas
Upcoming dates for PTTEP stock
- October 29, 2026: Q3 2026 earnings report
