PetroChina Company Limited (NYSE:PTR) Given Consensus Recommendation of “Hold” by Analysts

Shares of PetroChina Company Limited (NYSE:PTRGet Rating) have been assigned an average recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $57.50.

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of PetroChina from a “hold” rating to a “buy” rating in a research note on Wednesday, May 11th. Zacks Investment Research downgraded shares of PetroChina from a “strong-buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a research report on Wednesday, March 16th.

Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its position in PetroChina by 130.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 581 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 329 shares during the period. Rockefeller Capital Management L.P. bought a new position in PetroChina in the third quarter worth approximately $28,000. Fieldpoint Private Securities LLC raised its position in PetroChina by 853.8% in the first quarter. Fieldpoint Private Securities LLC now owns 620 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 555 shares during the period. Mizuho Securities Co. Ltd. bought a new position in PetroChina in the first quarter worth approximately $36,000. Finally, JPMorgan Chase & Co. raised its position in PetroChina by 427.2% in the first quarter. JPMorgan Chase & Co. now owns 1,223 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 991 shares during the period.

Shares of NYSE PTR opened at $48.37 on Wednesday. The firm’s 50 day moving average price is $49.93 and its 200-day moving average price is $48.83. The company has a market cap of $88.53 billion, a PE ratio of 6.23 and a beta of 0.64. PetroChina has a 52-week low of $38.63 and a 52-week high of $57.87. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.71 and a current ratio of 1.00.

PetroChina (NYSE:PTRGet Rating) last issued its earnings results on Friday, April 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter. The firm had revenue of $114.80 billion for the quarter. PetroChina had a net margin of 3.65% and a return on equity of 7.69%. On average, analysts forecast that PetroChina will post 11.15 earnings per share for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Monday, August 8th. Investors of record on Friday, June 17th will be given a dividend of $1.341 per share. This is an increase from PetroChina’s previous Semi-Annual dividend of $1.34. The ex-dividend date is Thursday, June 16th. This represents a yield of 6.1%. PetroChina’s dividend payout ratio is 38.66%.

About PetroChina (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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