PTT Exploration (PEXNY) AI Stock Analysis

38 Followers

PTT Exploration

(Other OTC:PEXNY)

Select Model

Rating:72Outperform

Price Target:$10.00▲(19.05% Upside)

Action:upgraded

Date:11/04/26

The company's financial health is the primary driver of the score, anchored by a rock-solid balance sheet and exceptional operational efficiency. An attractive valuation with a low P/E and high dividend yield further supports the positive outlook. The main offsetting factor is the technical picture, where strong bullish momentum is counterbalanced by an overbought signal, suggesting limited near-term upside without a pullback.

Positive Factors

Strong ProfitabilityTTM net margin of ~21.5% and consistently high gross and operating profitability show resilient earnings economics across the cycle. This supports internal funding and provides a durable base for investment, even though margins are below the unusually strong 2023–2024 levels.

Negative Factors

Weak Free Cash Flow ConversionLow free cash flow conversion means reported earnings are not translating fully into distributable cash, potentially because of heavier reinvestment or working-capital swings. If this persists, it could constrain dividends, debt reduction, and the company’s ability to fund new growth internally.

PTT Exploration (PEXNY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $16.67B
Dividend Yield: 6.44%
Average Volume (3M): 1,402
Price to Earnings (P/E): 7.9
Beta (1Y): -1.05
Revenue Growth: 18.68%
EPS Growth: 20.14%
Country: US
Employees: 1,982
Sector: Energy
Sector Strength: 65
Industry: Oil & Gas Exploration & Production

PTT Exploration Business Overview & Revenue Model

Company Description

PTT Exploration and Production Public Company Limited (PTTEP), along with its subsidiaries, primarily focuses on the discovery and extraction of petroleum resources, conducting operations both domestically in Thailand and internationally. Beyond its...

How the Company Makes Money

PTT Exploration and Production (PTTEP/PEXNY) primarily makes money by producing and selling hydrocarbons from the fields and projects in which it holds working interests. Its core revenue streams generally include: (1) Sales of natural gas, typically...

PTT Exploration Financial Statement Overview

Summary

Strong profitability with a 21.5% net margin and 71.6% EBITDA margin, supported by a fortress balance sheet with a 0.25 debt-to-equity ratio. Revenue growth has resumed at 6.5% TTM. The score is tempered by gross margin compression to 47.7% and volatile free cash flow due to high capital intensity.

Income Statement

72Positive

Balance Sheet

78Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	324.09B	269.81B	312.31B	300.69B	331.35B	219.07B
Gross Profit	192.83B	174.33B	203.26B	203.74B	224.04B	124.67B
EBITDA	221.68B	190.60B	242.88B	231.97B	234.58B	157.16B
Net Income	72.09B	60.27B	78.82B	76.71B	70.90B	38.86B
Balance Sheet
Total Assets	1.03T	933.94B	965.30B	902.82B	869.86B	783.54B
Cash, Cash Equivalents and Short-Term Investments	87.91B	77.93B	143.74B	145.20B	122.35B	85.53B
Total Debt	143.80B	126.77B	127.83B	134.65B	142.96B	136.81B
Total Liabilities	462.86B	414.37B	429.43B	403.38B	402.74B	368.19B
Stockholders Equity	571.42B	519.31B	535.59B	499.33B	467.12B	415.35B
Cash Flow
Free Cash Flow	47.90B	29.42B	95.86B	68.67B	98.74B	56.67B
Operating Cash Flow	186.10B	150.40B	202.30B	151.85B	164.92B	110.07B
Investing Cash Flow	-156.47B	-149.86B	-150.37B	-82.45B	-59.29B	-123.02B
Financing Cash Flow	-38.01B	-54.69B	-54.37B	-51.42B	-70.07B	-22.20B

PTT Exploration Technical Analysis

Technical Analysis SentimentNegative

Last Price8.40

Price Trends

50DMA9.06Negative

100DMA8.43Positive

200DMA7.93Positive

Market Momentum

MACD0.05Positive

RSI34.47Neutral

STOCH-0.00Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PEXNY, the sentiment is Negative. The current price of 8.40 is below the 20-day moving average (MA) of 9.12, below the 50-day MA of 9.06, and above the 200-day MA of 7.93, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 34.47 is Neutral, neither overbought nor oversold. The STOCH value of -0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PEXNY.

PTT Exploration Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

PEXNY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EOG	75Outperform	$79.73B	10.05	26.05%	2.62%	28.88%	54.17%
WDS	74Outperform	$39.97B	12.99	8.55%	5.46%	-4.74%	4.59%
PEXNY	72Outperform	$16.76B	7.91	13.02%	6.44%	18.68%	20.14%
DVN	72Outperform	$51.23B	11.53	12.56%	2.42%	38.30%	-5.61%
OXY	70Outperform	$57.23B	7.70	20.59%	1.78%	-7.91%	209.12%
COP	69Neutral	$163.00B	14.77	17.75%	2.40%	13.47%	34.37%
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

* Energy Sector Average

Performance Comparison

PEXNY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
PEXNY	PTT Exploration and Production	8.40	0.88	11.66%
COP	Conocophillips	140.06	51.48	58.12%
DVN	Devon Energy	46.23	11.28	32.28%
EOG	EOG Resources Inc	155.62	48.63	45.45%
OXY	Occidental Petroleum Corp.	58.40	16.48	39.30%
WDS	Woodside Energy Group Ltd	21.24	4.74	28.76%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 04, 2026

PTT Exploration AI Stock Analysis