Karachi: Earnings in Pakistan's exploration and production sector are projected to rise by 2% year-on-year in the third quarter of fiscal year 2026, driven by higher oil and gas production and increased realized oil prices.
According to AKD Securities Limited, domestic exploration and production companies are poised to benefit from improved drilling activities, bolstered by enhanced sectoral liquidity. Additionally, these companies are exploring diversification opportunities, which present further potential for investment gains.
AKD Securities Limited has reaffirmed its favorable investment stance on major players in the sector, including Oil and Gas Development Company (OGDC), Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MARI), and Pakistan Oilfields Limited (POL). The firm has set target prices for December 2026 at PKR 522, 412, 935, and 850 per share, respectively.