PetroChina Company Limited Forecasted to Earn FY2017 Earnings of $2.80 Per Share (PTR)

PetroChina Company Limited (NYSE:PTR) – Equities research analysts at Jefferies Group reduced their FY2017 earnings estimates for PetroChina Company Limited in a research note issued to investors on Thursday. Jefferies Group analyst L. Yu now expects that the oil and gas company will post earnings of $2.80 per share for the year, down from their prior forecast of $2.89. Jefferies Group also issued estimates for PetroChina Company Limited’s Q4 2017 earnings at $0.94 EPS, FY2018 earnings at $5.45 EPS, FY2019 earnings at $8.84 EPS and FY2020 earnings at $11.25 EPS.

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PTR has been the topic of several other reports. Macquarie raised PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 2nd. Morgan Stanley raised PetroChina Company Limited from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 31st. BidaskClub raised PetroChina Company Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Sanford C. Bernstein cut PetroChina Company Limited from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 6th. Finally, Credit Suisse Group raised PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold”.

PetroChina Company Limited (NYSE PTR) opened at 64.70 on Monday. The stock’s 50 day moving average price is $63.77 and its 200 day moving average price is $67.53. The company has a market capitalization of $118.41 billion, a price-to-earnings ratio of 40.44 and a beta of 1.19. PetroChina Company Limited has a 12 month low of $60.69 and a 12 month high of $81.80.

The business also recently disclosed a semiannual dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, September 7th will be paid a dividend of $1.0381 per share. This is a boost from PetroChina Company Limited’s previous semiannual dividend of $0.55. This represents a yield of 3.21%. The ex-dividend date is Wednesday, September 6th. PetroChina Company Limited’s payout ratio is presently 86.88%.

Hedge funds and other institutional investors have recently modified their holdings of the business. U S Global Investors Inc bought a new stake in PetroChina Company Limited during the first quarter worth approximately $1,289,000. Capstone Asset Management Co. increased its stake in PetroChina Company Limited by 5.7% during the second quarter. Capstone Asset Management Co. now owns 27,555 shares of the oil and gas company’s stock worth $1,689,000 after acquiring an additional 1,480 shares during the last quarter. Renaissance Technologies LLC increased its stake in PetroChina Company Limited by 9.6% during the first quarter. Renaissance Technologies LLC now owns 334,100 shares of the oil and gas company’s stock worth $24,473,000 after acquiring an additional 29,400 shares during the last quarter. Morgan Stanley increased its stake in PetroChina Company Limited by 62.1% during the first quarter. Morgan Stanley now owns 27,181 shares of the oil and gas company’s stock worth $1,991,000 after acquiring an additional 10,414 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd increased its stake in PetroChina Company Limited by 20.1% during the first quarter. NINE MASTS CAPITAL Ltd now owns 7,040 shares of the oil and gas company’s stock worth $515,000 after acquiring an additional 1,179 shares during the last quarter. 0.19% of the stock is currently owned by institutional investors.

About PetroChina Company Limited

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.

Earnings History and Estimates for PetroChina Company Limited (NYSE:PTR)

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