Zacks: Analysts Expect PetroChina Company Limited (PTR) Will Announce Earnings of $0.94 Per Share
Analysts expect that PetroChina Company Limited (NYSE:PTR) will post earnings of $0.94 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for PetroChina’s earnings. PetroChina posted earnings per share of $0.83 during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The company is scheduled to report its next quarterly earnings report on Thursday, March 29th.
According to Zacks, analysts expect that PetroChina will report full-year earnings of $2.48 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.80. For the next fiscal year, analysts forecast that the firm will report earnings of $4.53 per share, with EPS estimates ranging from $3.60 to $5.45. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for PetroChina.
Several research analysts have weighed in on the company. Zacks Investment Research lowered PetroChina from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Nomura assumed coverage on PetroChina in a report on Wednesday. They issued a “buy” rating on the stock. Finally, BidaskClub lowered PetroChina from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $76.00.
Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of PetroChina 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 purchasing an additional 142 shares in the last quarter. Knowledge Leaders Capital LLC lifted its holdings in shares of PetroChina 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 purchasing an additional 1,235 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of PetroChina in the third quarter valued at about $201,000. BNP Paribas Arbitrage SA lifted its holdings in shares of PetroChina 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 purchasing an additional 446 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of PetroChina 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 purchasing an additional 317 shares in the last quarter. Institutional investors own 0.20% of the company’s stock.
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PetroChina 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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