PetroChina Company Limited (NYSE:PTR) Given Consensus Rating of “Hold” by Brokerages

Shares of PetroChina Company Limited (NYSE:PTR) have received a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $38.63.

Several analysts have recently issued reports on PTR shares. Daiwa Capital Markets lowered PetroChina from a “buy” rating to a “hold” rating in a report on Tuesday, March 17th. Citigroup lowered PetroChina from a “buy” rating to a “sell” rating in a report on Wednesday, March 11th. Sanford C. Bernstein raised PetroChina from a “market perform” rating to an “outperform” rating and set a $45.90 target price on the stock in a report on Monday, May 4th. Credit Suisse Group raised PetroChina from a “neutral” rating to an “outperform” rating in a report on Monday, June 15th. Finally, Cfra reduced their target price on PetroChina from $57.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, March 27th.

NYSE PTR traded down $0.61 on Friday, reaching $33.46. The stock had a trading volume of 84,162 shares, compared to its average volume of 138,582. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.68 and a quick ratio of 0.42. The firm has a fifty day moving average of $34.75 and a two-hundred day moving average of $40.21. PetroChina has a 1-year low of $27.74 and a 1-year high of $56.66. The company has a market cap of $62.36 billion, a P/E ratio of 22.01 and a beta of 0.93.

PetroChina (NYSE:PTR) last issued its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported ($1.27) EPS for the quarter. The firm had revenue of $72.93 billion during the quarter. PetroChina had a net margin of 0.80% and a return on equity of 1.36%. Research analysts predict that PetroChina will post -1.11 EPS for the current fiscal year.

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, August 10th. Investors of record on Monday, June 22nd will be paid a $0.3333 dividend. This represents a yield of 4.8%. The ex-dividend date is Friday, June 19th. PetroChina’s dividend payout ratio (DPR) is presently 28.97%.

A number of large investors have recently added to or reduced their stakes in PTR. US Bancorp DE raised its position in PetroChina by 39.2% in the first quarter. US Bancorp DE now owns 2,667 shares of the oil and gas company’s stock valued at $96,000 after purchasing an additional 751 shares during the last quarter. JPMorgan Chase & Co. raised its position in PetroChina by 3.4% in the first quarter. JPMorgan Chase & Co. now owns 26,815 shares of the oil and gas company’s stock valued at $966,000 after purchasing an additional 879 shares during the last quarter. Royal Bank of Canada raised its position in PetroChina by 5.9% in the first quarter. Royal Bank of Canada now owns 19,926 shares of the oil and gas company’s stock valued at $718,000 after purchasing an additional 1,116 shares during the last quarter. PNC Financial Services Group Inc. raised its position in PetroChina by 110.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,497 shares of the oil and gas company’s stock valued at $90,000 after purchasing an additional 1,309 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in PetroChina by 12.3% in the first quarter. Crossmark Global Holdings Inc. now owns 12,208 shares of the oil and gas company’s stock valued at $439,000 after purchasing an additional 1,340 shares during the last quarter. 0.20% of the stock is currently owned by institutional investors and hedge funds.

PetroChina Company Profile

PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. The Exploration and Production segment engages in the exploration, development, production, and marketing of crude oil and natural gas.

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Analyst Recommendations for PetroChina (NYSE:PTR)

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