PetroChina Company Limited (NYSE:PTR) Given Average Rating of “Hold” by Brokerages

PetroChina Company Limited (NYSE:PTRGet Rating) has been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $39.78.

A number of research firms recently weighed in on PTR. StockNews.com upgraded shares of PetroChina from a “hold” rating to a “buy” rating in a research note on Friday, April 8th. Citigroup lowered shares of PetroChina from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 4th. Finally, Zacks Investment Research lowered shares of PetroChina from a “strong-buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a research note on Wednesday, March 16th.

Shares of NYSE:PTR opened at $48.83 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.93 and a quick ratio of 0.65. The firm has a market capitalization of $89.37 billion, a PE ratio of 6.29 and a beta of 0.65. The firm’s 50-day moving average is $51.52 and its two-hundred day moving average is $49.20. PetroChina has a 1 year low of $34.79 and a 1 year high of $57.87.

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, August 8th. Investors of record on Friday, June 17th will be issued a $1.341 dividend. This represents a yield of 6.1%. This is an increase from PetroChina’s previous Semi-Annual dividend of $1.34. The ex-dividend date is Thursday, June 16th. PetroChina’s dividend payout ratio is 46.13%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. D Orazio & Associates Inc. acquired a new stake in shares of PetroChina in the third quarter valued at approximately $28,000. Rockefeller Capital Management L.P. acquired a new stake in shares of PetroChina in the third quarter valued at approximately $28,000. Fieldpoint Private Securities LLC boosted its holdings in shares of PetroChina by 853.8% in the first quarter. Fieldpoint Private Securities LLC now owns 620 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 555 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in shares of PetroChina in the first quarter valued at approximately $36,000. Finally, Smith Group Asset Management LLC boosted its holdings in shares of PetroChina by 19.6% in the fourth quarter. Smith Group Asset Management LLC now owns 1,524 shares of the oil and gas company’s stock valued at $67,000 after acquiring an additional 250 shares during the period.

PetroChina Company Profile (Get Rating)

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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