PetroChina Ltd. (PTR) Receives Average Rating of “Hold” from Analysts
Shares of PetroChina Ltd. (NYSE:PTR) have been assigned an average rating of “Hold” from the ten ratings firms that are presently covering the firm. Four equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company.
A number of analysts recently weighed in on the stock. Macquarie lowered shares of PetroChina from an “outperform” rating to a “neutral” rating in a research note on Friday, October 21st. Zacks Investment Research upgraded shares of PetroChina from a “sell” rating to a “hold” rating in a research note on Friday, September 23rd.
Shares of PetroChina (NYSE:PTR) opened at 68.52 on Wednesday. PetroChina has a 52 week low of $52.30 and a 52 week high of $76.06. The firm has a market capitalization of $82.22 billion, a PE ratio of 137.04 and a beta of 1.28. The firm’s 50-day moving average is $69.00 and its 200 day moving average is $68.14.
The business also recently declared a semiannual dividend, which was paid on Monday, November 7th. Shareholders of record on Tuesday, September 13th were paid a $0.3213 dividend. The ex-dividend date of this dividend was Friday, September 9th. This represents a yield of 0.95%. PetroChina’s dividend payout ratio is currently 120.41%.
Institutional investors have recently made changes to their positions in the stock. Societe Generale bought a new position in shares of PetroChina during the second quarter valued at approximately $141,000. Tower Research Capital LLC TRC raised its position in shares of PetroChina by 141.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,113 shares of the company’s stock valued at $144,000 after buying an additional 1,239 shares in the last quarter. Pacad Investment Ltd. bought a new position in shares of PetroChina during the second quarter valued at approximately $170,000. BNP Paribas Arbitrage SA raised its position in shares of PetroChina by 32.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,833 shares of the company’s stock valued at $192,000 after buying an additional 701 shares in the last quarter. Finally, Veritable L.P. bought a new position in shares of PetroChina during the second quarter valued at approximately $204,000. Institutional investors own 0.22% of the company’s stock.
PetroChina Company Profile
PetroChina Company Limited is an oil and gas producer and distributor. The Company’s segments are Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Company’s Exploration and Production segment is engaged in the exploration, development, production and marketing of crude oil and natural gas.
Receive News & Stock Ratings for PetroChina Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PetroChina Ltd. and related stocks with our FREE daily email newsletter.