PetroChina (PTR) Given Consensus Recommendation of “Buy” by Brokerages

Shares of PetroChina (NYSE:PTR) have been given an average recommendation of “Buy” by the ten analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $80.00.

PTR has been the subject of several research reports. Citigroup upgraded shares of PetroChina from a “sell” rating to a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded shares of PetroChina from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Tuesday, January 9th. BNP Paribas upgraded shares of PetroChina from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. Morgan Stanley cut shares of PetroChina from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Macquarie lowered shares of PetroChina from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 9th.

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PTR traded up $1.27 during midday trading on Thursday, hitting $73.11. The company had a trading volume of 62,909 shares, compared to its average volume of 135,794. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $127,821.86, a PE ratio of 332.00 and a beta of 1.43. PetroChina has a twelve month low of $60.69 and a twelve month high of $82.33.

The firm also recently announced a semiannual dividend, which will be paid on Monday, August 6th. Stockholders of record on Wednesday, June 13th will be paid a $0.3953 dividend. This represents a dividend yield of 1.15%. The ex-dividend date is Tuesday, June 12th. PetroChina’s dividend payout ratio (DPR) is presently 631.82%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of PetroChina by 4.0% in the 4th quarter. Renaissance Technologies LLC now owns 700,700 shares of the oil and gas company’s stock valued at $49,007,000 after purchasing an additional 26,900 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of PetroChina by 32.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 536,564 shares of the oil and gas company’s stock valued at $37,527,000 after purchasing an additional 132,455 shares during the last quarter. BlackRock Inc. boosted its stake in shares of PetroChina by 195.3% in the 4th quarter. BlackRock Inc. now owns 412,756 shares of the oil and gas company’s stock valued at $28,868,000 after purchasing an additional 272,964 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of PetroChina by 4.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 78,746 shares of the oil and gas company’s stock valued at $5,507,000 after purchasing an additional 3,404 shares during the last quarter. Finally, Boston Partners bought a new position in shares of PetroChina in the 4th quarter valued at about $3,363,000. 0.23% of the stock is currently owned by institutional investors.

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About PetroChina

PetroChina Company Limited, together with its subsidiaries, primarily engages in a range of petroleum related products, services, and activities. 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.

Analyst Recommendations for PetroChina (NYSE:PTR)

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