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PetroChina Company Limited (NYSE:PTR) was upgraded by investment analysts at Macquarie from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.

Shares of PetroChina Company Limited (NYSE:PTR) traded down 0.67% during mid-day trading on Monday, hitting $123.99. 133,095 shares of the company’s stock traded hands. PetroChina Company Limited has a one year low of $94.75 and a one year high of $125.21. The stock’s 50-day moving average is $119.4 and its 200-day moving average is $109.8. The company has a market cap of $223.5 billion and a price-to-earnings ratio of 11.15.

PetroChina Company Limited (NYSE:PTR) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $3.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $4.61 by $1.56. Analysts expect that PetroChina Company Limited will post $11.72 EPS for the current fiscal year.

The company also recently announced a semiannual dividend, which is scheduled for Monday, July 28th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $2.5294 per share. This represents a dividend yield of 4.3%. The ex-dividend date is Friday, May 23rd.

A number of other analysts have also recently weighed in on PTR. Analysts at Zacks reiterated a “neutral” rating on shares of PetroChina Company Limited in a research note on Wednesday, April 23rd. They now have a $118.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of PetroChina Company Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. Finally, analysts at Credit Suisse upgraded shares of PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $118.00.

PetroChina Company Limited is mainly engaged in the production and sale of oil and gas related products.

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