PetroChina (NYSE:PTR) Shares Gap Down to $53.49

PetroChina Company Limited (NYSE:PTR) gapped down prior to trading on Tuesday . The stock had previously closed at $53.49, but opened at $52.06. PetroChina shares last traded at $52.58, with a volume of 1,140 shares trading hands.

Several research analysts recently commented on PTR shares. HSBC downgraded shares of PetroChina from a “buy” rating to a “hold” rating in a report on Friday, August 27th. JPMorgan Chase & Co. lowered PetroChina from an “overweight” rating to an “underweight” rating in a report on Wednesday. Sanford C. Bernstein lowered PetroChina from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 28th. UBS Group downgraded PetroChina from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 21st. Finally, Zacks Investment Research downgraded shares of PetroChina from a “strong-buy” rating to a “hold” rating and set a $46.00 price target on the stock. in a report on Monday, August 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, PetroChina presently has an average rating of “Hold” and an average target price of $39.45.

The firm has a market capitalization of $95.30 billion, a PE ratio of 6.25, a PEG ratio of 0.13 and a beta of 0.86. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $45.58 and a 200 day moving average of $42.88.

PetroChina (NYSE:PTR) last issued its quarterly earnings results on Thursday, August 26th. The oil and gas company reported $2.15 earnings per share (EPS) for the quarter. The firm had revenue of $99.86 billion during the quarter. PetroChina had a return on equity of 7.43% and a net margin of 4.60%. As a group, equities analysts anticipate that PetroChina Company Limited will post 6.98 EPS for the current fiscal year.

The business also recently declared a dividend, which was paid on Thursday, September 9th. Shareholders of record on Thursday, September 9th were paid a $1.789 dividend. The ex-dividend date of this dividend was Wednesday, September 8th. This is a boost from PetroChina’s previous dividend of $0.32. PetroChina’s payout ratio is currently 246.90%.

Several institutional investors have recently bought and sold shares of the company. Koshinski Asset Management Inc. purchased a new position in PetroChina in the third quarter worth $37,000. Citigroup Inc. lifted its stake in PetroChina by 5,514.3% during the first quarter. Citigroup Inc. now owns 1,179 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 1,158 shares during the last quarter. The PNC Financial Services Group Inc. boosted its holdings in shares of PetroChina by 48.6% in the 1st quarter. The PNC Financial Services Group Inc. now owns 1,394 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 456 shares in the last quarter. FORA Capital LLC bought a new position in shares of PetroChina during the 1st quarter valued at about $53,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of PetroChina by 41.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,118 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 621 shares in the last quarter. Hedge funds and other institutional investors own 0.22% of the company’s stock.

PetroChina Company Profile (NYSE:PTR)

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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