PetroChina Company Limited Given Consensus Rating of “Buy” by Analysts (NYSE:PTR)
PetroChina Company Limited (NYSE:PTR) has earned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the stock, AR Network reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $118.00.
PetroChina Company Limited (NYSE:PTR) traded down 0.26% during mid-day trading on Tuesday, hitting $124.56. 27,286 shares of the company’s stock traded hands. PetroChina Company Limited has a 52-week low of $94.75 and a 52-week high of $125.21. The stock has a 50-day moving average of $119.7 and a 200-day moving average of $109.8. The company has a market cap of $224.5 billion and a price-to-earnings ratio of 11.15.
The company also recently declared a semiannual dividend, which is scheduled for Monday, July 28th. Investors of record on Wednesday, May 28th will be given a dividend of $2.5294 per share. This represents a yield of 4.3%. The ex-dividend date of this dividend is Friday, May 23rd.
A number of research firms have recently commented on PTR. Analysts at Macquarie upgraded shares of PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a research note on Monday. Separately, 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. Finally, 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.
PetroChina Company Limited is mainly engaged in the production and sale of oil and gas related products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.