Shares of PetroChina Company Limited (NYSE:PTR) have received a consensus rating of “Hold” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $63.48.
A number of brokerages recently weighed in on PTR. Zacks Investment Research lowered shares of PetroChina from a “hold” rating to a “strong sell” rating and set a $59.00 target price for the company. in a research note on Tuesday, September 17th. ValuEngine raised PetroChina from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, HSBC cut PetroChina from a “hold” rating to a “reduce” rating in a research report on Wednesday, September 11th.
Several hedge funds have recently made changes to their positions in the company. First Trust Advisors LP grew its position in PetroChina by 14.7% in the second quarter. First Trust Advisors LP now owns 12,420 shares of the oil and gas company’s stock valued at $684,000 after purchasing an additional 1,590 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of PetroChina during the 2nd quarter worth about $216,000. Gabelli Funds LLC boosted its stake in shares of PetroChina by 10.5% during the 2nd quarter. Gabelli Funds LLC now owns 4,200 shares of the oil and gas company’s stock worth $231,000 after buying an additional 400 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of PetroChina by 23.2% in the 2nd quarter. Bank of Montreal Can now owns 31,578 shares of the oil and gas company’s stock valued at $1,739,000 after acquiring an additional 5,947 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of PetroChina by 4.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,012,300 shares of the oil and gas company’s stock valued at $55,747,000 after acquiring an additional 40,600 shares in the last quarter. 0.26% of the stock is currently owned by institutional investors and hedge funds.
PTR traded down $0.47 during trading on Tuesday, reaching $45.28. The company had a trading volume of 135,991 shares, compared to its average volume of 94,322. The company has a market cap of $82.74 billion, a P/E ratio of 10.52 and a beta of 1.19. PetroChina has a 12 month low of $44.80 and a 12 month high of $72.46. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.80 and a quick ratio of 0.54. The business’s fifty day moving average price is $49.32 and its 200 day moving average price is $52.17.
PetroChina (NYSE:PTR) last issued its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter. PetroChina had a net margin of 1.70% and a return on equity of 2.91%. The company had revenue of $88.12 billion during the quarter. As a group, sell-side analysts predict that PetroChina will post 3.86 EPS for the current fiscal year.
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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