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.
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.
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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