Brokerages Expect PetroChina Company Limited (PTR) to Announce $0.94 EPS
Equities analysts expect that PetroChina Company Limited (NYSE:PTR) will report $0.94 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for PetroChina Company Limited’s earnings. PetroChina Company Limited reported earnings of $0.83 per share during the same quarter last year, which indicates a positive year over year growth rate of 13.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, March 29th.
On average, analysts expect that PetroChina Company Limited will report full year earnings of $2.44 per share for the current year, with EPS estimates ranging from $2.07 to $2.80. For the next year, analysts expect that the company will report earnings of $4.27 per share, with EPS estimates ranging from $3.09 to $5.45. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow PetroChina Company Limited.
A number of analysts have recently weighed in on PTR shares. Mizuho downgraded shares of PetroChina Company Limited from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. Macquarie raised shares of PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 2nd. Morgan Stanley raised shares of PetroChina Company Limited from an “equal weight” rating to an “overweight” rating in a report on Monday, July 31st. Zacks Investment Research downgraded shares of PetroChina Company Limited from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, BidaskClub raised shares of PetroChina Company Limited from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. PetroChina Company Limited has an average rating of “Hold”.
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A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in PetroChina Company Limited by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 444,854 shares of the oil and gas company’s stock valued at $27,265,000 after purchasing an additional 23,637 shares during the last quarter. Renaissance Technologies LLC lifted its stake in PetroChina Company Limited by 18.7% in the 2nd quarter. Renaissance Technologies LLC now owns 396,700 shares of the oil and gas company’s stock valued at $24,310,000 after purchasing an additional 62,600 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in PetroChina Company Limited in the 2nd quarter valued at approximately $8,506,000. BT Investment Management Ltd bought a new position in PetroChina Company Limited in the 2nd quarter valued at approximately $6,507,000. Finally, Goldman Sachs Group Inc. lifted its stake in PetroChina Company Limited by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 86,219 shares of the oil and gas company’s stock valued at $6,315,000 after purchasing an additional 2,930 shares during the last quarter. 0.19% of the stock is owned by institutional investors and hedge funds.
Shares of PetroChina Company Limited (NYSE PTR) traded down $1.03 during trading on Tuesday, hitting $67.79. 85,888 shares of the stock were exchanged, compared to its average volume of 87,535. PetroChina Company Limited has a 12 month low of $60.69 and a 12 month high of $81.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.52 and a current ratio of 0.79. The company has a market cap of $124,069.94, a P/E ratio of 29.60 and a beta of 1.24.
The business also recently disclosed a semiannual dividend, which will be paid on Monday, November 6th. Investors of record on Thursday, September 7th will be paid a $1.0381 dividend. This is an increase from PetroChina Company Limited’s previous semiannual dividend of $0.55. The ex-dividend date is Wednesday, September 6th. This represents a yield of 3.21%. PetroChina Company Limited’s dividend payout ratio is presently 73.16%.
About PetroChina Company Limited
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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