PetroChina Company Limited (PTR) Forecasted to Post FY2017 Earnings of $4.28 Per Share
PetroChina Company Limited (NYSE:PTR) – Jefferies Group issued their FY2017 earnings per share (EPS) estimates for PetroChina in a report issued on Monday. Jefferies Group analyst L. Yu forecasts that the oil and gas company will post earnings of $4.28 per share for the year. Jefferies Group also issued estimates for PetroChina’s Q4 2017 earnings at $2.83 EPS, FY2018 earnings at $7.74 EPS, FY2019 earnings at $9.22 EPS and FY2020 earnings at $11.72 EPS.
Several other research firms have also weighed in on PTR. Zacks Investment Research lowered PetroChina from a “buy” rating to a “hold” rating in a research note on Monday. Macquarie lowered PetroChina from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Morgan Stanley lowered PetroChina from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Nomura started coverage on PetroChina in a research note on Wednesday, December 6th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $83.00.
Shares of PetroChina (PTR) opened at $74.40 on Thursday. PetroChina has a 12 month low of $60.69 and a 12 month high of $81.80. The firm has a market capitalization of $226,300.00, a P/E ratio of 37.77 and a beta of 1.27. The company has a quick ratio of 0.56, a current ratio of 0.79 and a debt-to-equity ratio of 0.22.
Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in shares of PetroChina by 7.5% in the 2nd quarter. SG Americas Securities LLC now owns 2,031 shares of the oil and gas company’s stock worth $124,000 after acquiring an additional 142 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of PetroChina in the 3rd quarter worth approximately $201,000. BNP Paribas Arbitrage SA boosted its holdings in shares of PetroChina by 14.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,435 shares of the oil and gas company’s stock worth $210,000 after acquiring an additional 446 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of PetroChina by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,617 shares of the oil and gas company’s stock worth $283,000 after acquiring an additional 317 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of PetroChina in the 3rd quarter worth approximately $284,000. 0.20% of the stock is currently owned by institutional investors and hedge funds.
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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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