PetroChina Company Limited (NYSE:PTR) Expected to Earn Q4 2019 Earnings of $1.30 Per Share

PetroChina Company Limited (NYSE:PTR) – Investment analysts at Jefferies Financial Group reduced their Q4 2019 earnings per share (EPS) estimates for shares of PetroChina in a report released on Monday, July 15th. Jefferies Financial Group analyst L. Yu now forecasts that the oil and gas company will earn $1.30 per share for the quarter, down from their previous forecast of $1.74. Jefferies Financial Group also issued estimates for PetroChina’s FY2020 earnings at $4.93 EPS and FY2021 earnings at $5.94 EPS.

Other analysts have also recently issued research reports about the stock. Macquarie set a €13.00 ($15.12) price target on shares of Deutsche Telekom and gave the company a “sell” rating in a report on Wednesday. Credit Suisse Group dropped their target price on shares of FOX from $51.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Goldman Sachs Group cut shares of E.ON SE Sponsored ADR (Germany) from a “buy” rating to a “neutral” rating in a report on Tuesday, May 14th. Citigroup set a $27.00 price target on shares of PhaseBio Pharmaceuticals and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, Zacks Investment Research upgraded shares of Global Ship Lease from a “hold” rating to a “strong-buy” rating and set a $7.75 price target on the stock in a research note on Monday, June 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $71.11.

NYSE:PTR opened at $55.10 on Thursday. The company has a market capitalization of $99.00 billion, a PE ratio of 12.81 and a beta of 1.19. The firm has a fifty day moving average of $55.10. PetroChina has a twelve month low of $53.86 and a twelve month high of $83.24. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.13.

PetroChina (NYSE:PTR) last issued its earnings results on Monday, April 29th. The oil and gas company reported $0.40 EPS for the quarter. The company had revenue of $95.38 billion for the quarter. PetroChina had a net margin of 2.20% and a return on equity of 3.72%.

A number of large investors have recently added to or reduced their stakes in PTR. PNC Financial Services Group Inc. increased its position in shares of PetroChina by 53.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,384 shares of the oil and gas company’s stock valued at $86,000 after purchasing an additional 485 shares during the last quarter. Two Sigma Investments LP boosted its stake in PetroChina by 68.2% in the 4th quarter. Two Sigma Investments LP now owns 93,843 shares of the oil and gas company’s stock worth $5,776,000 after purchasing an additional 38,042 shares during the period. Two Sigma Advisers LP boosted its stake in PetroChina by 46.3% in the 4th quarter. Two Sigma Advisers LP now owns 52,800 shares of the oil and gas company’s stock worth $3,250,000 after purchasing an additional 16,700 shares during the period. OLD Mission Capital LLC bought a new position in PetroChina in the 4th quarter worth approximately $2,571,000. Finally, Jane Street Group LLC boosted its stake in PetroChina by 64.6% in the 4th quarter. Jane Street Group LLC now owns 28,610 shares of the oil and gas company’s stock worth $1,761,000 after purchasing an additional 11,225 shares during the period. Institutional investors own 0.23% of the company’s stock.

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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Earnings History and Estimates for PetroChina (NYSE:PTR)

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