An oil and gas stock skyrockets 40% to a 1-year peak, brokerage forecasts a compound growth of 44% from 2026 to 2028

PVD shares of PV Drilling surged over 40% in just one month, closing on November 17 at 26,700 VND per share, bringing the company’s market capitalization to 14.8 trillion VND. Positive Q3 2025 business results supported this upward trend, with revenues of 2.646 trillion VND (up 5%) and a net profit of 277 billion VND (up 54%). Total revenue for the first 9 months reached 6.945 trillion VND (up 5%), and net profit reached 673 billion VND (up 46%). PV Drilling currently has 7 offshore rigs with contracts extending to 2028, including the newly launched PVD IX expected to operate in 2026. Vietcap forecasts a net profit of about 33.5 million USD for 2025 (up 11%). The forecast for net profit growth from 2026 to 2028 is 44%, driven by contributions from new rigs and increased domestic exploration demand. SSI predicts PVD’s profit will increase about 39.7% in 2026 due to high extraction capacity and rising rig rental prices.