PetroChina Company Limited (NYSE:PTR) has been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $63.48.
A number of analysts recently issued reports on the company. HSBC cut PetroChina from a “hold” rating to a “reduce” rating in a report on Wednesday, September 11th. Daiwa Capital Markets began coverage on PetroChina in a report on Monday, July 8th. They issued an “outperform” rating on the stock. Zacks Investment Research cut PetroChina from a “hold” rating to a “strong sell” rating and set a $59.00 price target on the stock. in a report on Tuesday, September 17th. Macquarie raised PetroChina from a “neutral” rating to an “outperform” rating in a report on Wednesday, July 17th. Finally, ValuEngine raised PetroChina from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.
PTR traded up $0.13 during trading on Monday, reaching $51.46. 79,274 shares of the company were exchanged, compared to its average volume of 94,387. The company’s 50-day moving average is $51.58 and its two-hundred day moving average is $55.23. The company has a market cap of $94.88 billion, a price-to-earnings ratio of 11.97 and a beta of 1.18. The company has a quick ratio of 0.51, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. PetroChina has a 12-month low of $47.65 and a 12-month high of $77.24.
PetroChina (NYSE:PTR) last issued its quarterly earnings data on Thursday, August 29th. The oil and gas company reported $1.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.45. The business had revenue of $88.72 billion for the quarter. PetroChina had a return on equity of 3.77% and a net margin of 2.20%. Equities analysts forecast that PetroChina will post 4.25 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC raised its holdings in shares of PetroChina by 10.5% in the 2nd quarter. Gabelli Funds LLC now owns 4,200 shares of the oil and gas company’s stock valued at $231,000 after acquiring an additional 400 shares in the last quarter. Brandes Investment Partners LP raised its holdings in shares of PetroChina by 5.9% in the 2nd quarter. Brandes Investment Partners LP now owns 32,330 shares of the oil and gas company’s stock valued at $1,780,000 after acquiring an additional 1,791 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of PetroChina by 23.2% in the 2nd quarter. Bank of Montreal Can now owns 31,578 shares of the oil and gas company’s stock valued at $1,739,000 after acquiring an additional 5,947 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of PetroChina during the 2nd quarter valued at about $216,000. Finally, First Trust Advisors LP increased its position in shares of PetroChina by 14.7% during the 2nd quarter. First Trust Advisors LP now owns 12,420 shares of the oil and gas company’s stock valued at $684,000 after purchasing an additional 1,590 shares during the last quarter. 0.23% of the stock is currently owned by hedge funds and other institutional investors.
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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