{"id":68856,"date":"2026-04-09T16:53:32","date_gmt":"2026-04-09T11:23:32","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=68856"},"modified":"2026-04-09T16:53:34","modified_gmt":"2026-04-09T11:23:34","slug":"oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/","title":{"rendered":"Oil and Natural Gas Corporation Share Price Target 2026: Analyst Forecast, Bull &amp; Bear Case"},"content":{"rendered":"<p>Oil and Natural Gas Corporation (NSE: ONGC) is trading at Rs 242 as of April 2026, against a 52-week high of undefined and a 52-week low of undefined. The analyst consensus 12-month Oil and Natural Gas Corporation share price target stands at Rs 290-330 \u2014 implying meaningful upside from current levels. This article covers the current share price, key catalysts, risks, technical support levels, institutional positioning, and a structured breakdown of the short-term, 12-month, and long-term share price targets.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#Current_Price_Overview\" title=\"Current Price Overview\">Current Price Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#About_Oil_and_Natural_Gas_Corporation\" title=\"About Oil and Natural Gas Corporation\">About Oil and Natural Gas Corporation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#Key_Catalysts_Driving_Oil_and_Natural_Gas_Corporation_Share_Price\" title=\"Key Catalysts Driving Oil and Natural Gas Corporation Share Price\">Key Catalysts Driving Oil and Natural Gas Corporation Share Price<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#1_Crude_Oil_Price_Recovery\" title=\"1. Crude Oil Price Recovery\">1. Crude Oil Price Recovery<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#2_ONGCs_realised_crude_oil_price_is_the_most_important_earnings_driver_If_Brent_crude_recovers_to_85-90_from_current_72-75_levels_ONGCs_EBITDA_would_improve_by_approximately_Rs_6000-8000_crore_annually\" title=\"2. ONGC&#8217;s realised crude oil price is the most important earnings driver. If Brent crude recovers to $85-90 from current $72-75 levels, ONGC&#8217;s EBITDA would improve by approximately Rs 6,000-8,000 crore annually.\">2. ONGC&#8217;s realised crude oil price is the most important earnings driver. If Brent crude recovers to $85-90 from current $72-75 levels, ONGC&#8217;s EBITDA would improve by approximately Rs 6,000-8,000 crore annually.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#3_KG-DWN_Block_Development\" title=\"3. KG-DWN Block Development\">3. KG-DWN Block Development<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#4_ONGCs_KG-DWN-982_deepwater_block_gas_production_is_ramping_Gas_volume_growth_of_15-20_from_this_block_in_FY27_adds_to_earnings_at_current_APM_gas_prices\" title=\"4. ONGC&#8217;s KG-DWN-98\/2 deepwater block gas production is ramping. Gas volume growth of 15-20% from this block in FY27 adds to earnings at current APM gas prices.\">4. ONGC&#8217;s KG-DWN-98\/2 deepwater block gas production is ramping. Gas volume growth of 15-20% from this block in FY27 adds to earnings at current APM gas prices.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#5_Upstream_Gas_Price_Hike_Optionality\" title=\"5. Upstream Gas Price Hike Optionality\">5. Upstream Gas Price Hike Optionality<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#6_The_government_has_been_gradually_increasing_APM_gas_prices_Any_step-up_from_Rs_75MMBTU_toward_Rs_9-10MMBTU_would_add_Rs_4000-5000_crore_to_ONGCs_annual_PAT\" title=\"6. The government has been gradually increasing APM gas prices. Any step-up from Rs 7.5\/MMBTU toward Rs 9-10\/MMBTU would add Rs 4,000-5,000 crore to ONGC&#8217;s annual PAT.\">6. The government has been gradually increasing APM gas prices. Any step-up from Rs 7.5\/MMBTU toward Rs 9-10\/MMBTU would add Rs 4,000-5,000 crore to ONGC&#8217;s annual PAT.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#7_Dividend_Yield_at_45\" title=\"7. Dividend Yield at 4.5%\">7. Dividend Yield at 4.5%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#8_ONGC_paid_Rs_1125_per_share_for_FY25_implying_approximately_46_yield_at_Rs_242\" title=\"8. ONGC paid Rs 11.25 per share for FY25, implying approximately 4.6% yield at Rs 242.\">8. ONGC paid Rs 11.25 per share for FY25, implying approximately 4.6% yield at Rs 242.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#Key_Risks_to_Oil_and_Natural_Gas_Corporation_Share_Price\" title=\"Key Risks to Oil and Natural Gas Corporation Share Price\">Key Risks to Oil and Natural Gas Corporation Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#Technical_Analysis_and_Support_Levels\" title=\"Technical Analysis and Support Levels\">Technical Analysis and Support Levels<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#Latest_Quarterly_Financial_Performance\" title=\"Latest Quarterly Financial Performance\">Latest Quarterly Financial Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#Institutional_Positioning_%E2%80%94_FII_DII_Promoter\" title=\"Institutional Positioning \u2014 FII, DII, Promoter\">Institutional Positioning \u2014 FII, DII, Promoter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#Oil_and_Natural_Gas_Corporation_Share_Price_Target_2026\" title=\"Oil and Natural Gas Corporation Share Price Target 2026\">Oil and Natural Gas Corporation Share Price Target 2026<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#Short-Term_Target_3%E2%80%936_Months\" title=\"Short-Term Target (3\u20136 Months)\">Short-Term Target (3\u20136 Months)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#12-Month_Analyst_Target\" title=\"12-Month Analyst Target\">12-Month Analyst Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#Long-Term_Target_2027%E2%80%932028\" title=\"Long-Term Target (2027\u20132028)\">Long-Term Target (2027\u20132028)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#FAQs\" title=\"FAQs\">FAQs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-natural-gas-corporation-share-price-target-2026-analyst-forecast-bull-amp-bear-case\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Current_Price_Overview\"><\/span><strong>Current Price Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td>Current Market Price (CMP)<\/td><td>Rs 242<\/td><\/tr><tr><td>52-Week High<\/td><td>undefined<\/td><\/tr><tr><td>52-Week Low<\/td><td>undefined<\/td><\/tr><tr><td>Market Cap<\/td><td>Rs 3,04,000 Cr<\/td><\/tr><tr><td>P\/E Ratio<\/td><td>8x<\/td><\/tr><tr><td>12M Analyst Target<\/td><td>Rs 290-330<\/td><\/tr><tr><td>Bull Case<\/td><td>Rs 390<\/td><\/tr><tr><td>Bear Case<\/td><td>Rs 175<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Oil_and_Natural_Gas_Corporation\"><\/span><strong>About Oil and Natural Gas Corporation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/user\/log-in\">Click Here \u2013 Get Free Investment Predictions<\/a><\/p><p>Oil and Natural Gas Corporation (NSE: ONGC) is a leading listed company in the Oil &amp; Gas PSU sector with a market capitalisation of Rs 3,04,000 Cr. The company operates across its core business segments and is well-positioned for the Indian economic growth cycle.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Catalysts_Driving_Oil_and_Natural_Gas_Corporation_Share_Price\"><\/span><strong>Key Catalysts Driving Oil and Natural Gas Corporation Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Crude_Oil_Price_Recovery\"><\/span><strong>1. Crude Oil Price Recovery<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_ONGCs_realised_crude_oil_price_is_the_most_important_earnings_driver_If_Brent_crude_recovers_to_85-90_from_current_72-75_levels_ONGCs_EBITDA_would_improve_by_approximately_Rs_6000-8000_crore_annually\"><\/span><strong>2. ONGC&#8217;s realised crude oil price is the most important earnings driver. If Brent crude recovers to $85-90 from current $72-75 levels, ONGC&#8217;s EBITDA would improve by approximately Rs 6,000-8,000 crore annually.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_KG-DWN_Block_Development\"><\/span><strong>3. KG-DWN Block Development<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_ONGCs_KG-DWN-982_deepwater_block_gas_production_is_ramping_Gas_volume_growth_of_15-20_from_this_block_in_FY27_adds_to_earnings_at_current_APM_gas_prices\"><\/span><strong>4. ONGC&#8217;s KG-DWN-98\/2 deepwater block gas production is ramping. Gas volume growth of 15-20% from this block in FY27 adds to earnings at current APM gas prices.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Upstream_Gas_Price_Hike_Optionality\"><\/span><strong>5. Upstream Gas Price Hike Optionality<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_The_government_has_been_gradually_increasing_APM_gas_prices_Any_step-up_from_Rs_75MMBTU_toward_Rs_9-10MMBTU_would_add_Rs_4000-5000_crore_to_ONGCs_annual_PAT\"><\/span><strong>6. The government has been gradually increasing APM gas prices. Any step-up from Rs 7.5\/MMBTU toward Rs 9-10\/MMBTU would add Rs 4,000-5,000 crore to ONGC&#8217;s annual PAT.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_Dividend_Yield_at_45\"><\/span><strong>7. Dividend Yield at 4.5%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_ONGC_paid_Rs_1125_per_share_for_FY25_implying_approximately_46_yield_at_Rs_242\"><\/span><strong>8. ONGC paid Rs 11.25 per share for FY25, implying approximately 4.6% yield at Rs 242.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Risks_to_Oil_and_Natural_Gas_Corporation_Share_Price\"><\/span><strong>Key Risks to Oil and Natural Gas Corporation Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>Crude oil price decline to below $60\/barrel:&nbsp;<\/strong><\/p><p><strong>Government subsidy burden on ONGC if LPG\/kerosene prices not fully passed through:&nbsp;<\/strong><\/p><p><strong>KG-DWN production plateau:&nbsp;<\/strong><\/p><p><strong>US tariff and global recession reducing oil demand:&nbsp;<\/strong><\/p><p>The 26% US reciprocal tariff on Indian goods \u2014 announced April 2, 2026 \u2014 has created a macro overhang affecting all Indian equities through FII outflows and earnings estimate revisions. Resolution of tariff uncertainty would be a meaningful positive catalyst for re-rating.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technical_Analysis_and_Support_Levels\"><\/span><strong>Technical Analysis and Support Levels<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Oil and Natural Gas Corporation is trading at Rs 242 vs. a 52-week range of undefined to undefined. Key technical support is at Rs 225-255. The 200-day moving average provides medium-term guidance for trend direction.<\/p><p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Oil and Natural Gas Corporation&#8217;s live price and get daily research insights.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Latest_Quarterly_Financial_Performance\"><\/span><strong>Latest Quarterly Financial Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Metric<\/strong><\/td><td><strong>Latest Quarter<\/strong><\/td><td><strong>Year-Ago Quarter<\/strong><\/td><td><strong>YoY Change<\/strong><\/td><\/tr><tr><td>Revenue<\/td><td>Rs 1,51,432 Cr<\/td><td>Rs 1,54,820 Cr<\/td><td>-2.2%<\/td><\/tr><tr><td>Net Profit<\/td><td>Rs 8,941 Cr<\/td><td>Rs 10,953 Cr<\/td><td>-18.4%<\/td><\/tr><tr><td>Realised Crude<\/td><td>$74.2\/bbl<\/td><td>$82.1\/bbl<\/td><td>-9.6%<\/td><\/tr><tr><td>Gas Production<\/td><td>7.4 BCM<\/td><td>7.1 BCM<\/td><td>+4.2%<\/td><\/tr><\/tbody><\/table><\/figure><p>Track Oil and Natural Gas Corporation&#8217;s live financials on <a href=\"https:\/\/univest.in\/screeners\">Univest Screener<\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Institutional_Positioning_%E2%80%94_FII_DII_Promoter\"><\/span><strong>Institutional Positioning \u2014 FII, DII, Promoter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Promoter holds 58.9%. FII holding is 7.6% and DII holds 28.4%. Institutional holding trends are a critical leading indicator for price direction. Rising FII holding typically precedes price recovery; declining FII signals ongoing caution. Track institutional flow changes on Univest Screener.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Oil_and_Natural_Gas_Corporation_Share_Price_Target_2026\"><\/span><strong>Oil and Natural Gas Corporation Share Price Target 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/user\/log-in\">Subscribe to Univest Pro for Premium Stock Research and F&amp;O Setups<\/a><\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Short-Term_Target_3%E2%80%936_Months\"><\/span><strong>Short-Term Target (3\u20136 Months)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Short-term support and trading range: Rs 225-255. In the near term, the stock is likely to remain in this band pending clarity on Q4 FY26 results and FY27 guidance. Any macro positive from India-US tariff negotiations would accelerate a move toward the upper end of this range.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"12-Month_Analyst_Target\"><\/span><strong>12-Month Analyst Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The 12-month analyst consensus for Oil and Natural Gas Corporation is Rs 290-330. The bear case \u2014 if FY27 guidance disappoints or macro headwinds intensify \u2014 is Rs 175. The bull case \u2014 on full earnings delivery and macro recovery \u2014 is Rs 390. These are analyst estimates based on publicly available data and may differ materially from actual price performance.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Long-Term_Target_2027%E2%80%932028\"><\/span><strong>Long-Term Target (2027\u20132028)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>For 2027-2028, analysts project Oil and Natural Gas Corporation toward the Rs 420-480 range \u2014 assuming FY27 guidance delivery and normalisation of macro headwinds. Track live targets on <a href=\"https:\/\/univest.in\/screeners\">Univest Screener<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The Oil and Natural Gas Corporation share price target for 2026 is Rs 290-330 based on analyst consensus. The bear case is Rs 175 and the bull case is Rs 390. At Rs 242, Oil and Natural Gas Corporation is trading at 8x P\/E with market cap of Rs 3,04,000 Cr. Whether this is a buy depends on your risk tolerance, investment horizon, and portfolio context. For more share price target analysis, visit&nbsp;<\/p><p><a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a><\/p><p><strong>Disclaimer: <\/strong>This article is for informational purposes only. Please conduct your own research and consult a SEBI-registered financial advisor before making any investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><strong>Q1. What is Oil and Natural Gas Corporation share price target for 2026?<\/strong><\/p><p>The 12-month analyst consensus is Rs 290-330. Bull case: Rs 390. Bear case: Rs 175.<\/p><p><strong>Q2. Is Oil and Natural Gas Corporation a good buy at Rs 242?<\/strong><\/p><p>At 8x P\/E and Rs 242, Oil and Natural Gas Corporation offers potential recovery to Rs 290-330 over 12 months. Consult a SEBI-registered financial advisor before investing.<\/p><p><strong>Q3. What are the key risks for Oil and Natural Gas Corporation?<\/strong><\/p><p>Key risks include macro headwinds from US tariffs, sector-specific challenges, and any guidance miss in Q4 FY26 results. Monitor institutional holding trends on Univest Screener.<\/p><p><strong>Q4. What is Oil and Natural Gas Corporation long-term share price target?<\/strong><\/p><p>Long-term target for FY28 is Rs 420-480, contingent on sustained earnings delivery and macro recovery.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/coal-india-share-price-target-2026\">Coal India Share Price Target 2026: Analyst Forecasts, Bull &amp; Bear Case<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/bharti-airtel-share-price-target\">Bharti Airtel Share Price Target 2026: Analyst Forecasts, Bull &amp; Bear Case<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/state-bank-of-india-share-price-target\">State Bank of India Share Price Target 2026: Analyst Forecasts, Bull &amp; Bear Case<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/paytm-share-price-target\">Paytm Share Price Target 2026: Analyst Forecasts, Bull &amp; Bear Case<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Oil and Natural Gas Corporation (NSE: ONGC) is trading at Rs 242 as of April 2026, against a 52-week high of undefined and a 52-week low of undefined. The analyst consensus 12-month Oil and Natural Gas Corporation share price target stands at Rs 290-330 \u2014 implying meaningful upside from current levels. This article covers the<\/p>\n","protected":false},"author":27,"featured_media":68859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3802,3972],"class_list":["post-68856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news","tag-share-price-target"],"metadata":{"_edit_lock":["1775733865:27"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["70"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"rank_math_title":["ONGC Share Price Target 2026: Analyst Forecast, Bull &amp; Bear Case"],"rank_math_description":["ONGC share price target 2026 \u2014 CMP Rs 242, consensus Rs 290-330. Crude oil recovery, KG-DWN block development, gas price hike optionality. Bull case Rs 390.\n"],"rank_math_focus_keyword":["ongc"],"_thumbnail_id":["68859"],"_edit_last":["27"],"_ez-toc-disabled":[""],"_ez-toc-insert":[""],"_ez-toc-header-label":[""],"_ez-toc-alignment":["none"],"_ez-toc-heading-levels":["a:0:{}"],"_ez-toc-alttext":[""],"_ez-toc-visibility_hide_by_default":[""],"_ez-toc-hide_counter":[""],"_ez-toc-exclude":[""],"_ez-toc-position-specific":["before"],"stm_select_gm_zoom":[""],"stm_agenda":[""],"stm_host":[""],"stm_select_approved_denied":[""],"stm_multiselect_approved":[""],"stm_multiselect_denied":[""],"stm_date":[""],"stm_time":[""],"stm_timezone":[""],"stm_duration":[""],"stm_password":[""],"stm_waiting_room":[""],"stm_join_before_host":[""],"stm_host_join_start":[""],"stm_start_after_participants":[""],"stm_mute_participants":[""],"stm_enforce_login":[""],"stm_alternative_hosts":[""],"top_bar_custom_style":[""],"top_bar_bg":[""],"wc_top_bar_cart_custom_style":[""],"wc_top_bar_cart_color":[""],"wc_top_bar_cart_icon_color_hover":[""],"wc_top_bar_cart_counter_color":[""],"wc_top_bar_cart_counter_color_hover":[""],"wc_top_bar_cart_counter_bg":[""],"wc_top_bar_cart_counter_bg_hover":[""],"top_bar_wpml_switcher_custom_style":[""],"wpml_switcher_color":[""],"top_bar_wpml_switcher_bg":[""],"top_bar_wpml_switcher_bg_hover":[""],"top_bar_wpml_switcher_color_hover":[""],"top_bar_socials_custom_style":[""],"top_bar_socials_color":[""],"top_bar_socials_color_hover":[""],"top_bar_search_custom_style":[""],"top_bar_search_color":[""],"top_bar_search_icon_color_hover":[""],"top_bar_contact_info_style":[""],"top_bar_contact_info_color":[""],"top_bar_contact_info_link_color":[""],"top_bar_contact_info_link_color_hover":[""],"top_bar_contact_info_select_bg":[""],"top_bar_contact_info_select_color":[""],"top_bar_contact_info_select_drop_bg":[""],"top_bar_contact_info_select_items_bg":[""],"top_bar_contact_info_select_items_color":[""],"top_bar_contact_info_select_items_hover":[""],"header_inverse":["default"],"enable_header_transparent":["off"],"header_nav_custom_style":[""],"header_bg":[""],"header_shadow":[""],"wc_cart_custom_style":[""],"wc_cart_icon_color":[""],"wc_cart_icon_color_hover":[""],"wc_cart_counter_color":[""],"wc_cart_counter_color_hover":[""],"wc_cart_counter_bg":[""],"wc_cart_counter_bg_hover":[""],"header_wpml_switcher_custom_style":[""],"header_wpml_switcher_color":[""],"header_wpml_switcher_color_hover":[""],"header_wpml_switcher_bg":[""],"header_wpml_switcher_bg_hover":[""],"header_socials_custom_style":[""],"header_socials_color":[""],"header_socials_color_hover":[""],"header_search_custom_style":[""],"header_search_icon_color":[""],"header_search_icon_color_hover":[""],"header_contact_info_style":[""],"header_contact_info_color":[""],"header_contact_info_link_color":[""],"header_contact_info_link_color_hover":[""],"header_button_custom_style":[""],"header_button_color":[""],"header_button_color_hover":[""],"header_button_bg":[""],"header_button_bg_hover":[""],"header_nav_menu_customize":[""],"header_nav_menu_link_color":[""],"header_nav_menu_link_color_hover":[""],"header_nav_menu_link_color_active":[""],"header_nav_menu_link_arrow_color":[""],"header_nav_menu_link_arrow_color_hover":[""],"header_nav_menu_level_1_bg":[""],"header_nav_menu_level_1_link_color":[""],"header_nav_menu_level_1_link_color_hover":[""],"header_nav_menu_level_1_link_bg_hover":[""],"header_nav_menu_level_1_link_arrow_color":[""],"header_nav_menu_level_1_link_arrow_color_hover":[""],"header_nav_menu_level_2_bg":[""],"header_nav_menu_level_2_link_color":[""],"header_nav_menu_level_2_link_color_hover":[""],"header_nav_menu_level_2_link_bg_hover":[""],"header_mega_menu_bg":[""],"header_mega_menu_title_color":[""],"header_mega_menu_title_color_hover":[""],"header_mega_menu_description_color":[""],"header_mega_menu_description_link_color":[""],"header_mega_menu_description_link_color_hover":[""],"header_mega_menu_color":[""],"header_mega_menu_color_hover":[""],"header_mega_menu_border_color":[""],"header_mega_menu_icons_color":[""],"header_nav_menu_customize_end":[""],"hfe_enabled_notice":[""],"disable_title_box":["default"],"hfe_disabled":[""],"enable_transparent":["default"],"title_box_title_bg_color":[""],"title_box_bg_custom_image":["default"],"title_box_bg_image":[""],"title_box_bg_position":["default"],"metabox_title_box_bg_position_x":[""],"metabox_title_box_bg_position_y":[""],"metabox_title_box_bg_attachment":["default"],"title_box_bg_size":["default"],"metabox_title_box_bg_size_slider":[""],"title_box_bg_repeat":["default"],"disable_title":["default"],"title_box_title_color":[""],"title_box_title_line_color":[""],"disable_breadcrumbs":["default"],"metabox_title_box_breadcrumbs_color":[""],"metabox_title_box_links_color":[""],"metabox_title_box_links_color_hover":[""],"content_bg_transparent":[""],"show_popup_single":[""],"popups_single":[""],"popups_single_event":[""],"popup_single_event_open_delay":[""],"popup_single_event_showing_in":[""],"popup_single_event_date_from":[""],"popup_single_event_date_to":[""],"popup_single_event_time_from":[""],"popup_single_event_time_to":[""],"popup_single_animation":[""],"popup_single_responsive":[""],"separator_footer_copyright_border_t":[""],"name":[""],"email":[""],"phone":[""],"company":[""],"memberId":[""],"testimonial_position":[""],"testimonial_company":[""],"testimonial_bg_img":[""],"testimonial_video_url":[""],"popups_width":[""],"popups_height":[""],"popups_image_bg":[""],"popups_color_bg":[""],"popups_border_radius":[""],"popups_template":[""],"rank_math_analytic_object_id":["7683"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/09165000\/ONGC-Share-Price-Target.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/68856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=68856"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/68856\/revisions"}],"predecessor-version":[{"id":68864,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/68856\/revisions\/68864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/68859"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=68856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=68856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=68856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}