Brokerages expect PetroChina Company Limited (NYSE:PTR) to announce $2.27 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for PetroChina’s earnings. PetroChina reported earnings per share of $0.83 in the same quarter last year, which would suggest a positive year-over-year growth rate of 173.5%. The company is expected to issue its next earnings report on Thursday, March 29th.
On average, analysts expect that PetroChina will report full-year earnings of $2.77 per share for the current year, with EPS estimates ranging from $1.86 to $3.67. For the next fiscal year, analysts anticipate that the business will report earnings of $5.91 per share, with EPS estimates ranging from $4.35 to $7.46. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow PetroChina.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut PetroChina from a “buy” rating to a “hold” rating in a report on Monday, March 12th. Macquarie cut PetroChina from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 9th. Nomura assumed coverage on PetroChina in a report on Wednesday, December 6th. They issued a “buy” rating on the stock. Morgan Stanley upgraded PetroChina from an “equal weight” rating to an “overweight” rating in a report on Thursday, February 22nd. Finally, Citigroup upgraded PetroChina from a “sell” rating to a “buy” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $83.00.
A number of hedge funds have recently bought and sold shares of PTR. First Trust Advisors LP lifted its stake in shares of PetroChina by 17.0% during the 3rd quarter. First Trust Advisors LP now owns 31,674 shares of the oil and gas company’s stock worth $2,031,000 after purchasing an additional 4,591 shares during the period. OxFORD Asset Management LLP lifted its stake in shares of PetroChina by 4.0% during the 3rd quarter. OxFORD Asset Management LLP now owns 42,782 shares of the oil and gas company’s stock worth $2,738,000 after purchasing an additional 1,665 shares during the period. Bank of Montreal Can lifted its stake in shares of PetroChina by 7.5% during the 4th quarter. Bank of Montreal Can now owns 43,395 shares of the oil and gas company’s stock worth $3,034,000 after purchasing an additional 3,043 shares during the period. Boston Partners purchased a new position in shares of PetroChina during the 4th quarter worth $3,363,000. Finally, Wells Fargo & Company MN lifted its stake in shares of PetroChina by 17.0% during the 3rd quarter. Wells Fargo & Company MN now owns 16,674 shares of the oil and gas company’s stock worth $1,069,000 after purchasing an additional 2,423 shares during the period. 0.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PTR stock opened at $69.13 on Wednesday. The firm has a market capitalization of $125,277.87, a P/E ratio of 36.38 and a beta of 1.45. The company has a quick ratio of 0.56, a current ratio of 0.79 and a debt-to-equity ratio of 0.22. PetroChina has a fifty-two week low of $60.69 and a fifty-two week high of $82.33.
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PetroChina 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.
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