PetroChina Company Limited (NYSE:PTR) – Jefferies Group lowered their FY2017 earnings per share estimates for PetroChina Company Limited in a research note issued on Thursday. Jefferies Group analyst L. Yu now expects that the oil and gas company will post earnings per share of $2.80 for the year, down from their prior estimate of $2.89. Jefferies Group also issued estimates for PetroChina Company Limited’s Q4 2017 earnings at $0.94 EPS, FY2018 earnings at $5.45 EPS, FY2019 earnings at $8.84 EPS and FY2020 earnings at $11.25 EPS.

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Several other analysts have also weighed in on PTR. Macquarie raised PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a report on Monday, May 15th. Credit Suisse Group raised PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a report on Wednesday, July 5th. Sanford C. Bernstein lowered PetroChina Company Limited from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Mizuho lowered PetroChina Company Limited from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. Finally, Morgan Stanley raised PetroChina Company Limited from an “equal weight” rating to an “overweight” rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold”.

Shares of PetroChina Company Limited (NYSE PTR) opened at 64.34 on Monday. PetroChina Company Limited has a 12 month low of $60.69 and a 12 month high of $81.80. The company has a 50 day moving average price of $63.70 and a 200-day moving average price of $67.79. The firm has a market capitalization of $117.76 billion, a PE ratio of 40.21 and a beta of 1.19.

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC boosted its stake in PetroChina Company Limited by 7.5% in the second quarter. SG Americas Securities LLC now owns 2,031 shares of the oil and gas company’s stock valued at $124,000 after acquiring an additional 142 shares during the period. Knowledge Leaders Capital LLC boosted its stake in PetroChina Company Limited by 125.6% in the second quarter. Knowledge Leaders Capital LLC now owns 2,218 shares of the oil and gas company’s stock valued at $136,000 after acquiring an additional 1,235 shares during the period. Airain ltd acquired a new position in PetroChina Company Limited in the first quarter valued at approximately $200,000. BNP Paribas Arbitrage SA boosted its stake in PetroChina Company Limited by 14.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,435 shares of the oil and gas company’s stock valued at $210,000 after acquiring an additional 446 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in PetroChina Company Limited by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 4,617 shares of the oil and gas company’s stock valued at $283,000 after acquiring an additional 317 shares during the period. Institutional investors own 0.19% of the company’s stock.

The business also recently announced a semiannual dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, September 7th will be paid a $1.0381 dividend. This is an increase from PetroChina Company Limited’s previous semiannual dividend of $0.55. This represents a yield of 3.21%. The ex-dividend date is Wednesday, September 6th. PetroChina Company Limited’s payout ratio is presently 103.75%.

About PetroChina Company Limited

PetroChina Company Limited is a China-based company principally engaged in the production and distribution of oil and gas. The Company mainly operates through four business segments. The Exploration and Production segment is principally engaged in the exploration, development, production and sales of crude oil and natural gas.

Earnings History and Estimates for PetroChina Company Limited (NYSE:PTR)

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