FIRST CAPITAL· SIGNA RESEARCH
KSE CLOSEDKSE-100 · PSX--:--:-- PKTDATA AS OF 11 JUN 2026 · EOD

OGDC

Oil & Gas Development Company
E&P

LAST · PKR

221.40
−0.08 −0.04%

52W RANGE

159.79221.99
99% OF RANGE · YTD +14.3%
01 / OGDC — 1 YearAS OF 11 JUN 2026 · EOD
PERIOD 1Y · 250 SESSIONS

Source: PSX, First Capital Research. Data as of 11 Jun 2026, EOD.

02 / Fundamentals
Market cap
952bn
P/E (ttm)
5.1×
EPS (ttm)
43.41
Dividend yield
7.2%
Return on equity
18.4%
Beta
1.05
Free float
15%
52W high
221.99
52W low
159.79
1D change
−0.04%
YTD return
+14.3%

Pakistan's largest E&P company by reserves and production, operating across all four provinces with the country's deepest exploration acreage portfolio.

03 / Research NoteNEUTRAL

SIGNA DESK · FIRST CAPITAL RESEARCH · 11 JUN 2026 · EOD

Oil & Gas Development Company: solid franchise, fair price — yield does the heavy lifting from here

Oil & Gas Development Company (OGDC) trades at 5.1× trailing earnings with a 7.2% dividend yield, sitting 99% of the way up its 52-week range. Return on equity of 18.4% sits near the market's cost of equity, and the 15% free float keeps the name tightly held — flows matter more than fundamentals on any given day.

Within the E&P space, the setup is balanced: valuation neither stretches nor compels, and the dividend underpins total return. At 1.05 beta the name tracks the index closely, so the yield spread over the 12-month T-bill is the cleanest way to frame the trade. The payout is the anchor of the thesis; any cut would force a full re-underwrite.

AT A GLANCE

Stance
NEUTRAL
P/E (ttm)
5.1×
Dividend yield
7.2%
Beta
1.05
52W position
99%
YTD return
+14.3%

— GENERATED BY SIGNA · NOT INVESTMENT ADVICE

04 / Sector Peers
SymbolLastChg %P/EM. Cap1Y
OGDCOil & Gas Development Company— THIS PAGE221.40−0.04%5.1×952bn
MARIMari Energies624.50+1.52%9.8×750bn
PPLPakistan Petroleum186.90+1.38%4.6×509bn
POLPakistan Oilfields604.20+0.94%5.9×172bn

Source: PSX, First Capital Research. Data as of 11 Jun 2026, EOD.