PetroChina Company Limited (NYSE:PTR) – Jefferies Financial Group reduced their Q4 2019 earnings estimates for shares of PetroChina in a research report issued to clients and investors on Monday, July 15th, according to Zacks Investment Research. Jefferies Financial Group analyst L. Yu now forecasts that the oil and gas company will post earnings per share of $1.30 for the quarter, down from their previous forecast of $1.74. Jefferies Financial Group also issued estimates for PetroChina’s FY2020 earnings at $4.93 EPS and FY2021 earnings at $5.94 EPS.
PTR has been the topic of several other research reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of PetroChina in a research note on Friday, April 5th. ValuEngine cut shares of PetroChina from a “sell” rating to a “strong sell” rating in a research note on Monday, July 8th. Zacks Investment Research upgraded shares of PetroChina from a “strong sell” rating to a “hold” rating and set a $47.00 target price on the stock in a research note on Monday, June 3rd. TheStreet cut shares of PetroChina from a “b-” rating to a “c+” rating in a research note on Friday, May 17th. Finally, Macquarie upgraded shares of PetroChina from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $71.11.Shares of PetroChina stock opened at $51.93 on Thursday. The stock’s fifty day simple moving average is $54.77. The stock has a market cap of $98.39 billion, a PE ratio of 12.08 and a beta of 1.19. PetroChina has a 1-year low of $51.66 and a 1-year high of $83.24. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.13.
PetroChina (NYSE:PTR) last issued its quarterly earnings results on Monday, April 29th. The oil and gas company reported $0.40 earnings per share for the quarter. The business had revenue of $95.38 billion for the quarter. PetroChina had a net margin of 2.20% and a return on equity of 3.72%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in PetroChina by 1.0% in the 4th quarter. Millennium Management LLC now owns 108,088 shares of the oil and gas company’s stock valued at $6,653,000 after acquiring an additional 1,120 shares during the last quarter. Two Sigma Investments LP increased its holdings in PetroChina by 68.2% in the 4th quarter. Two Sigma Investments LP now owns 93,843 shares of the oil and gas company’s stock valued at $5,776,000 after acquiring an additional 38,042 shares during the last quarter. NS Partners Ltd increased its holdings in PetroChina by 4.2% in the 1st quarter. NS Partners Ltd now owns 61,809 shares of the oil and gas company’s stock valued at $4,044,000 after acquiring an additional 2,500 shares during the last quarter. Two Sigma Advisers LP increased its holdings in PetroChina by 46.3% in the 4th quarter. Two Sigma Advisers LP now owns 52,800 shares of the oil and gas company’s stock valued at $3,250,000 after acquiring an additional 16,700 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new stake in PetroChina in the 4th quarter valued at $2,571,000. Institutional investors own 0.23% of the company’s stock.
PetroChina Company Profile
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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