PetroChina Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PetroChina in the last twelve months. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PetroChina stock.
View analyst ratings for PetroChina or view top-rated stocks.

Wall Street analysts have given PetroChina a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but PetroChina wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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PetroChina is scheduled to release its next quarterly earnings announcement on Thursday, August 26th 2021.
View our earnings forecast for PetroChina.

PetroChina Company Limited (NYSE:PTR) posted its earnings results on Thursday, April, 29th. The oil and gas company reported $2.33 EPS for the quarter. The oil and gas company earned $85.12 billion during the quarter. PetroChina had a net margin of 3.23% and a trailing twelve-month return on equity of 4.69%.
View PetroChina's earnings history.

PetroChina's stock was trading at $34.42 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PTR shares have increased by 39.1% and is now trading at $47.88.
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PetroChina declared a semi-annual dividend on Monday, March 29th. Stockholders of record on Monday, June 21st will be paid a dividend of $1.336 per share on Monday, August 9th. This represents a dividend yield of 4.4%. The ex-dividend date is Friday, June 18th. This is a boost from PetroChina's previous semi-annual dividend of $1.26.
View PetroChina's dividend history.

PetroChina pays an annual dividend of $2.36 per share and currently has a dividend yield of 5.26%. PTR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. PetroChina does not yet have a strong track record of dividend growth. The dividend payout ratio of PetroChina is 162.76%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PetroChina will have a dividend payout ratio of 48.76% next year. This indicates that PetroChina will be able to sustain or increase its dividend.
View PetroChina's dividend history.

6 brokers have issued 12-month target prices for PetroChina's shares. Their forecasts range from $4.35 to $68.00. On average, they expect PetroChina's share price to reach $36.18 in the next twelve months. This suggests that the stock has a possible downside of 24.4%.
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18 employees have rated PetroChina CEO Zhou Jiping on Glassdoor.com. Zhou Jiping has an approval rating of 57% among PetroChina's employees. This puts Zhou Jiping in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to PetroChina include TotalEnergies (TOT), TotalEnergies (TTE), Petróleo Brasileiro S.A. - Petrobras (PBR), EOG Resources (EOG), ENI (E), Canadian Natural Resources (CNQ), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Occidental Petroleum (OXY), Ecopetrol (EC), RWE Aktiengesellschaft (RWEOY), Cenovus Energy (CVE), Devon Energy (DVN), Woodside Petroleum (WOPEY) and Diamondback Energy (FANG).
View all of PTR's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other PetroChina investors own include Baidu (BIDU), Wells Fargo & Company (WFC), Exxon Mobil (XOM), ABB (ABB), Intel (INTC), Walmart (WMT), AbbVie (ABBV), Alibaba Group (BABA), Bank of America (BAC) and Chevron (CVX).

PetroChina trades on the New York Stock Exchange (NYSE) under the ticker symbol "PTR."

PetroChina's stock is owned by a variety of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (0.06%), Arrowstreet Capital Limited Partnership (0.03%), Dimensional Fund Advisors LP (0.02%), Millennium Management LLC (0.01%), Northern Trust Corp (0.01%) and BlackRock Inc. (0.01%).

PTR stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Goldman Sachs Group Inc., Bank of Montreal Can, UBS Group AG, Toroso Investments LLC, Arrowstreet Capital Limited Partnership, Barclays PLC, and BNP Paribas Arbitrage SA.

PTR stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Grantham Mayo Van Otterloo & Co. LLC, HighTower Advisors LLC, Cubist Systematic Strategies LLC, Millennium Management LLC, Zurcher Kantonalbank Zurich Cantonalbank, Cannell Peter B & Co. Inc., and Schonfeld Strategic Advisors LLC.

Shares of PTR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PTR stock can currently be purchased for approximately $47.88.

PetroChina has a market capitalization of $87.63 billion and generates $280.26 billion in revenue each year. The oil and gas company earns $2.75 billion in net income (profit) each year or $1.45 on an earnings per share basis.

PetroChina employs 432,003 workers across the globe.

PetroChina was founded in 1999.

The official website for PetroChina is www.petrochina.com.cn.

PetroChina is headquartered at 9 DONGZHIMEN NORTH STREET DONGCHENG DISTRICT, BEIJING F4, 100007.

PetroChina's mailing address is 9 DONGZHIMEN NORTH STREET DONGCHENG DISTRICT, BEIJING F4, 100007. The oil and gas company can be reached via phone at 86-10-5998-2622 or via email at [email protected]