$1.45 Earnings Per Share Expected for PetroChina Company Limited (NYSE:PTR) This Quarter

Analysts expect PetroChina Company Limited (NYSE:PTR) to post earnings per share of $1.45 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for PetroChina’s earnings. PetroChina posted earnings of $1.38 per share during the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The firm is scheduled to announce its next earnings report on Thursday, August 29th.

According to Zacks, analysts expect that PetroChina will report full-year earnings of $4.38 per share for the current financial year, with EPS estimates ranging from $3.55 to $5.07. For the next financial year, analysts expect that the business will report earnings of $4.45 per share, with EPS estimates ranging from $2.96 to $5.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow PetroChina.

A number of brokerages have commented on PTR. Citigroup raised shares of PetroChina from a “neutral” rating to a “buy” rating and set a $57.45 price target on the stock in a research report on Friday, May 24th. ValuEngine downgraded shares of PetroChina from a “sell” rating to a “strong sell” rating in a report on Monday, July 8th. Zacks Investment Research raised shares of PetroChina from a “strong sell” rating to a “hold” rating and set a $47.00 price objective for the company in a report on Monday, June 3rd. Macquarie raised shares of PetroChina from a “neutral” rating to an “outperform” rating in a report on Wednesday, July 17th. Finally, Credit Suisse Group downgraded shares of PetroChina from a “neutral” rating to an “underperform” rating in a report on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. PetroChina currently has a consensus rating of “Hold” and a consensus price target of $71.11.

Several institutional investors have recently added to or reduced their stakes in PTR. Macquarie Group Ltd. boosted its position in PetroChina by 336.4% during the 4th quarter. Macquarie Group Ltd. now owns 9,600 shares of the oil and gas company’s stock valued at $591,000 after purchasing an additional 7,400 shares during the period. Millennium Management LLC grew its position in PetroChina by 1.0% in the 4th quarter. Millennium Management LLC now owns 108,088 shares of the oil and gas company’s stock worth $6,653,000 after purchasing an additional 1,120 shares in the last quarter. Lindbrook Capital LLC grew its position in PetroChina by 225.6% in 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 in the last quarter. BNP Paribas Arbitrage SA grew its position in PetroChina by 26.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,646 shares of the oil and gas company’s stock worth $173,000 after purchasing an additional 557 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of PetroChina by 14.9% during the 1st quarter. Bank of Montreal Can now owns 25,631 shares of the oil and gas company’s stock valued at $1,677,000 after acquiring an additional 3,320 shares during the period. Institutional investors and hedge funds own 0.23% of the company’s stock.

PTR traded up $0.32 during trading on Friday, reaching $48.77. 111,453 shares of the stock traded hands, compared to its average volume of 91,461. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $90.65 billion, a PE ratio of 11.34 and a beta of 1.20. The stock’s 50-day moving average is $53.06 and its 200 day moving average is $59.84. PetroChina has a 12 month low of $48.01 and a 12 month high of $83.24.

About PetroChina

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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