PetroChina Company Limited (PTR) Receives Average Rating of “Hold” from Analysts

Shares of PetroChina Company Limited (NYSE:PTR) have earned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $76.00.

A number of research firms have issued reports on PTR. Zacks Investment Research upgraded shares of PetroChina Company Limited from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a report on Tuesday, November 7th. Macquarie upgraded shares of PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 2nd. Mizuho cut shares of PetroChina Company Limited from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. Morgan Stanley upgraded shares of PetroChina Company Limited from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 31st. Finally, BidaskClub upgraded shares of PetroChina Company Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th.

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A number of large investors have recently bought and sold shares of PTR. SG Americas Securities LLC raised its position in PetroChina Company Limited by 7.5% in the second quarter. SG Americas Securities LLC now owns 2,031 shares of the oil and gas company’s stock worth $124,000 after purchasing an additional 142 shares in the last quarter. Knowledge Leaders Capital LLC raised its position in PetroChina Company Limited by 125.6% in the second quarter. Knowledge Leaders Capital LLC now owns 2,218 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 1,235 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of PetroChina Company Limited by 14.9% during the second quarter. BNP Paribas Arbitrage SA now owns 3,435 shares of the oil and gas company’s stock worth $210,000 after buying an additional 446 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of PetroChina Company Limited by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 4,617 shares of the oil and gas company’s stock worth $283,000 after buying an additional 317 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of PetroChina Company Limited during the third quarter worth approximately $284,000. 0.19% of the stock is owned by hedge funds and other institutional investors.

PetroChina Company Limited (NYSE PTR) traded up $0.11 during mid-day trading on Monday, reaching $71.46. 69,900 shares of the company’s stock were exchanged, compared to its average volume of 100,704. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.79 and a quick ratio of 0.56. PetroChina Company Limited has a one year low of $60.69 and a one year high of $81.80. The company has a market capitalization of $130,786.80, a PE ratio of 31.20 and a beta of 1.24.

The firm also recently declared a semiannual dividend, which was paid on Monday, November 6th. Investors of record on Thursday, September 7th were given a $1.0381 dividend. This represents a yield of 3.21%. The ex-dividend date was Wednesday, September 6th. This is a positive change from PetroChina Company Limited’s previous semiannual dividend of $0.55. PetroChina Company Limited’s dividend payout ratio is 73.16%.

PetroChina Company Limited Company Profile

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.

Analyst Recommendations for PetroChina Company Limited (NYSE:PTR)

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