Shares of PetroChina Company Limited (NYSE:PTR) have earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $63.48.
A number of equities research analysts have recently commented on the company. Macquarie raised PetroChina from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 17th. Zacks Investment Research cut PetroChina from a “hold” rating to a “strong sell” rating and set a $59.00 target price on the stock. in a research note on Tuesday, September 17th. ValuEngine cut PetroChina from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, HSBC cut PetroChina from a “hold” rating to a “reduce” rating in a research note on Wednesday, September 11th.
Several institutional investors have recently added to or reduced their stakes in PTR. Lindbrook Capital LLC boosted its position in shares of PetroChina by 1,003.1% during the third quarter. Lindbrook Capital LLC now owns 706 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 642 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of PetroChina by 5,888.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,018 shares of the oil and gas company’s stock valued at $52,000 after buying an additional 1,001 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of PetroChina during the third quarter valued at $76,000. FNY Investment Advisers LLC purchased a new stake in shares of PetroChina during the third quarter valued at $101,000. Finally, Signaturefd LLC boosted its position in shares of PetroChina by 604.6% during the third quarter. Signaturefd LLC now owns 2,156 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 1,850 shares during the last quarter. 0.23% of the stock is currently owned by institutional investors.
PTR stock traded down $0.31 during midday trading on Friday, hitting $50.49. The stock had a trading volume of 71,400 shares, compared to its average volume of 94,199. The firm has a market cap of $92.44 billion, a price-to-earnings ratio of 11.74 and a beta of 1.18. The business has a 50-day moving average of $51.16 and a two-hundred day moving average of $53.93. PetroChina has a 52-week low of $47.65 and a 52-week high of $75.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.54.
PetroChina (NYSE:PTR) last issued its quarterly earnings results on Thursday, August 29th. The oil and gas company reported $1.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The company had revenue of $88.72 billion for the quarter. PetroChina had a return on equity of 3.29% and a net margin of 1.70%. Research analysts predict that PetroChina will post 4.26 earnings per share for the current year.
PetroChina Company Profile
PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. The Exploration and Production segment engages in the exploration, development, production, and marketing of crude oil and natural gas.
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