Equities Analysts Set Expectations for PetroChina Company Limited’s FY2017 Earnings (PTR)

PetroChina Company Limited (NYSE:PTR) – Equities researchers at Jefferies Group dropped their FY2017 earnings per share estimates for PetroChina in a report released on Tuesday. Jefferies Group analyst L. Yu now forecasts that the oil and gas company will post earnings per share of $3.67 for the year, down from their prior estimate of $4.28. Jefferies Group also issued estimates for PetroChina’s Q4 2017 earnings at $2.27 EPS, FY2018 earnings at $7.46 EPS, FY2019 earnings at $8.87 EPS and FY2020 earnings at $11.31 EPS.

PetroChina (NYSE:PTR) last announced its quarterly earnings results on Monday, October 30th. The oil and gas company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). PetroChina had a return on equity of 2.08% and a net margin of 1.22%.

Other equities research analysts have also issued research reports about the company. Nomura began coverage on PetroChina in a research note on Wednesday, December 6th. They set a “buy” rating on the stock. Zacks Investment Research lowered PetroChina from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Macquarie lowered PetroChina from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 9th. Morgan Stanley lowered PetroChina from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Citigroup raised PetroChina from a “sell” rating to a “buy” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. PetroChina has an average rating of “Hold” and an average target price of $83.00.

Shares of PetroChina (NYSE:PTR) traded down $0.10 during trading hours on Friday, hitting $74.95. The stock had a trading volume of 115,000 shares, compared to its average volume of 129,908. The stock has a market cap of $236,040.00, a price-to-earnings ratio of 37.66 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.79 and a quick ratio of 0.56. PetroChina has a fifty-two week low of $60.69 and a fifty-two week high of $81.80.

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in PetroChina by 7.5% in the 2nd quarter. SG Americas Securities LLC now owns 2,031 shares of the oil and gas company’s stock valued at $124,000 after buying an additional 142 shares in the last quarter. Jane Street Group LLC purchased a new stake in PetroChina in the 3rd quarter valued at approximately $201,000. BNP Paribas Arbitrage SA lifted its stake in PetroChina by 14.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,435 shares of the oil and gas company’s stock valued at $210,000 after buying an additional 446 shares in the last quarter. Trexquant Investment LP purchased a new stake in PetroChina in the 3rd quarter valued at approximately $284,000. Finally, Bank of New York Mellon Corp lifted its stake in PetroChina by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,617 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 317 shares in the last quarter. 0.20% of the stock is currently owned by hedge funds and other institutional investors.

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About PetroChina

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 (NYSE:PTR)

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