PetroChina Company Limited (NYSE:PTR) Receives Consensus Recommendation of “Hold” from Analysts

PetroChina Company Limited (NYSE:PTR) has been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $38.63.

A number of research analysts have issued reports on PTR shares. HSBC cut PetroChina from a “buy” rating to a “hold” rating in a report on Tuesday, March 10th. Daiwa Capital Markets cut PetroChina from a “buy” rating to a “hold” rating in a report on Tuesday, March 17th. JPMorgan Chase & Co. cut PetroChina from a “neutral” rating to an “underweight” rating in a report on Thursday, May 14th. Citigroup cut PetroChina from a “buy” rating to a “sell” rating in a report on Wednesday, March 11th. Finally, Bank of America cut PetroChina from a “buy” rating to a “neutral” rating in a report on Monday, March 9th.

Shares of NYSE PTR traded down $0.61 during midday trading on Friday, reaching $33.46. 84,162 shares of the company traded hands, compared to its average volume of 138,582. The firm has a market cap of $62.36 billion, a PE ratio of 22.01 and a beta of 0.93. The stock’s 50-day simple moving average is $34.75 and its 200-day simple moving average is $40.21. PetroChina has a 12 month low of $27.74 and a 12 month high of $56.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.42 and a current ratio of 0.68.

PetroChina (NYSE:PTR) last issued its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported ($1.27) earnings per share (EPS) for the quarter. The company had revenue of $72.93 billion for the quarter. PetroChina had a net margin of 0.80% and a return on equity of 1.36%. On average, equities research analysts expect that PetroChina will post -1.11 EPS for the current year.

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.3333 per share. The ex-dividend date of this dividend is Friday, June 19th. This represents a yield of 4.8%. PetroChina’s dividend payout ratio is currently 28.97%.

A number of large investors have recently made changes to their positions in PTR. PNC Financial Services Group Inc. raised its holdings in PetroChina by 110.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,497 shares of the oil and gas company’s stock worth $90,000 after purchasing an additional 1,309 shares during the last quarter. US Bancorp DE raised its holdings in PetroChina by 39.2% during the 1st quarter. US Bancorp DE now owns 2,667 shares of the oil and gas company’s stock worth $96,000 after purchasing an additional 751 shares during the last quarter. CSat Investment Advisory L.P. bought a new stake in PetroChina during the 4th quarter worth about $118,000. Atlas Capital Advisors LLC raised its holdings in PetroChina by 746.1% during the 1st quarter. Atlas Capital Advisors LLC now owns 3,875 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 3,417 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in PetroChina by 171.0% during the 1st quarter. Signaturefd LLC now owns 3,916 shares of the oil and gas company’s stock worth $141,000 after purchasing an additional 2,471 shares during the last quarter. 0.20% of the stock is owned by hedge funds and other institutional investors.

About PetroChina

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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Analyst Recommendations for PetroChina (NYSE:PTR)

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