Zacks: Brokerages Anticipate PetroChina Company Limited (PTR) Will Post Earnings of $0.94 Per Share
Equities research analysts forecast that PetroChina Company Limited (NYSE:PTR) will post earnings per share (EPS) of $0.94 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for PetroChina Company Limited’s earnings. PetroChina Company Limited posted earnings per share of $0.83 in the same quarter last year, which indicates a positive year-over-year growth rate of 13.3%. The company is scheduled to report its next quarterly earnings results on Thursday, March 29th.
On average, analysts expect that PetroChina Company Limited will report full-year earnings of $2.44 per share for the current fiscal year, with EPS estimates ranging from $2.07 to $2.80. For the next financial year, analysts forecast that the business will post earnings of $4.33 per share, with EPS estimates ranging from $3.20 to $5.45. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow PetroChina Company Limited.
PTR has been the topic of several recent research reports. Mizuho cut PetroChina Company Limited from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. Sanford C. Bernstein cut PetroChina Company Limited from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Macquarie upgraded PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 2nd. Credit Suisse Group upgraded PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a report on Wednesday, July 5th. Finally, BidaskClub upgraded PetroChina Company Limited from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold”.
PetroChina Company Limited (NYSE PTR) traded down 0.15% during midday trading on Tuesday, hitting $65.50. The stock had a trading volume of 75,903 shares. The firm has a 50-day moving average of $64.00 and a 200-day moving average of $64.89. PetroChina Company Limited has a 12-month low of $60.69 and a 12-month high of $81.80. The company has a market cap of $119.88 billion, a PE ratio of 40.94 and a beta of 1.17.
The firm also recently disclosed a semiannual dividend, which will be paid on Monday, November 6th. Investors of record on Thursday, September 7th will be issued a $1.0381 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This is a boost from PetroChina Company Limited’s previous semiannual dividend of $0.55. This represents a yield of 3.21%. PetroChina Company Limited’s dividend payout ratio is currently 86.88%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in PetroChina Company Limited by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 444,854 shares of the oil and gas company’s stock valued at $27,265,000 after purchasing an additional 23,637 shares during the period. Renaissance Technologies LLC increased its position in shares of PetroChina Company Limited by 18.7% during the second quarter. Renaissance Technologies LLC now owns 396,700 shares of the oil and gas company’s stock worth $24,310,000 after acquiring an additional 62,600 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of PetroChina Company Limited during the second quarter worth $8,506,000. BT Investment Management Ltd purchased a new stake in shares of PetroChina Company Limited during the second quarter worth $6,507,000. Finally, Goldman Sachs Group Inc. increased its position in shares of PetroChina Company Limited by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 86,219 shares of the oil and gas company’s stock worth $6,315,000 after acquiring an additional 2,930 shares during the period. Hedge funds and other institutional investors own 0.19% of the company’s stock.
PetroChina Company Limited Company Profile
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.
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