PetroChina Company Limited (PTR) Expected to Post Earnings of $1.84 Per Share

Equities analysts predict that PetroChina Company Limited (NYSE:PTR) will post $1.84 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for PetroChina Company Limited’s earnings. PetroChina Company Limited posted earnings of $1.25 per share in the same quarter last year, which indicates a positive year over year growth rate of 47.2%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 23rd.

According to Zacks, analysts expect that PetroChina Company Limited will report full-year earnings of $3.62 per share for the current fiscal year, with EPS estimates ranging from $2.03 to $5.20. For the next year, analysts forecast that the firm will report earnings of $6.22 per share, with EPS estimates ranging from $3.38 to $9.06. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow PetroChina Company Limited.

Several equities analysts have commented on the stock. Credit Suisse Group downgraded shares of PetroChina Company Limited from a “neutral” rating to an “underperform” rating in a research report on Monday, April 10th. Morgan Stanley downgraded shares of PetroChina Company Limited from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 24th. Zacks Investment Research downgraded shares of PetroChina Company Limited from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 2nd. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of PetroChina Company Limited in a research report on Tuesday, March 7th. Finally, Jefferies Group LLC raised shares of PetroChina Company Limited from an “underperform” rating to a “buy” rating in a research report on Friday, February 24th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. PetroChina Company Limited currently has a consensus rating of “Hold”.

Institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in PetroChina Company Limited during the fourth quarter worth about $116,000. Sit Investment Associates Inc. boosted its stake in PetroChina Company Limited by 10.9% in the first quarter. Sit Investment Associates Inc. now owns 2,550 shares of the oil and gas company’s stock worth $187,000 after buying an additional 250 shares during the period. Advisory Services Network LLC purchased a new stake in PetroChina Company Limited during the first quarter worth about $196,000. Airain ltd purchased a new stake in PetroChina Company Limited during the first quarter worth about $200,000. Finally, BNP Paribas Arbitrage SA boosted its stake in PetroChina Company Limited by 6.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,989 shares of the oil and gas company’s stock worth $219,000 after buying an additional 171 shares during the period. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PetroChina Company Limited (NYSE:PTR) traded up 0.73% on Monday, hitting $63.59. The company’s stock had a trading volume of 97,776 shares. The stock has a market capitalization of $120.84 billion, a P/E ratio of 30.28 and a beta of 1.16. PetroChina Company Limited has a 52 week low of $63.09 and a 52 week high of $81.80. The stock’s 50 day moving average price is $67.20 and its 200 day moving average price is $73.31.

The firm also recently announced a semiannual dividend, which will be paid on Monday, August 7th. Shareholders of record on Wednesday, June 14th will be given a dividend of $0.5506 per share. This represents a yield of 1.52%. This is an increase from PetroChina Company Limited’s previous semiannual dividend of $0.32. The ex-dividend date of this dividend is Monday, June 12th. PetroChina Company Limited’s dividend payout ratio is presently 32.46%.

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About PetroChina Company Limited

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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