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

PetroChina Company Limited (NYSE:PTR) has received an average recommendation of “Hold” from the ten research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $87.56.

PTR has been the subject of a number of analyst reports. ValuEngine upgraded shares of PetroChina from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Zacks Investment Research downgraded shares of PetroChina from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Goldman Sachs Group upgraded shares of PetroChina from a “neutral” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of PetroChina in a research report on Friday, April 5th.

PetroChina stock traded down $0.62 during trading hours on Friday, reaching $58.28. 2,243 shares of the stock were exchanged, compared to its average volume of 97,319. The company has a market cap of $106.90 billion, a P/E ratio of 13.54 and a beta of 1.21. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.58 and a current ratio of 0.88. PetroChina has a 52-week low of $57.49 and a 52-week high of $85.02.

The business also recently declared a special dividend, which will be paid on Monday, August 12th. Stockholders of record on Thursday, June 20th will be paid a dividend of $0.4059 per share. The ex-dividend date of this dividend is Wednesday, June 19th. This is a boost from PetroChina’s previous special dividend of $0.32. This represents a dividend yield of 2.85%. PetroChina’s dividend payout ratio is 28.14%.

Large investors have recently bought and sold shares of the company. Lindbrook Capital LLC grew its stake in shares of PetroChina by 225.6% during the 1st quarter. Lindbrook Capital LLC now owns 407 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 282 shares during the period. SEI Investments Co grew its stake in PetroChina by 52.8% in the 1st quarter. SEI Investments Co now owns 692 shares of the oil and gas company’s stock valued at $45,000 after acquiring an additional 239 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in PetroChina in the 4th quarter valued at about $63,000. Quadrant Capital Group LLC grew its stake in PetroChina by 979.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,284 shares of the oil and gas company’s stock valued at $77,000 after acquiring an additional 1,165 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in PetroChina by 53.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,384 shares of the oil and gas company’s stock valued at $86,000 after acquiring an additional 485 shares during the last quarter. 0.24% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for PetroChina (NYSE:PTR)

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