NYSE:PTR

PetroChina - PTR Stock Forecast, Price & News

$41.92

-0.78 (-1.83%)

(As of 08/16/2022 12:00 AM ET)

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Today's Range: $41.55
▼
$42.64
50-Day Range: $41.92
▼
$55.30
52-Week Range: $38.63
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$57.87

Volume: 559,000 shs
Average Volume: 198,619 shs
Market Capitalization: $76.72 billion

P/E Ratio: 4.80
Dividend Yield: 5.97%
Price Target: N/A

About PetroChina (NYSE:PTR) Stock

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. The Refining and Chemicals segment refines crude oil and petroleum products; and produces and markets primary petrochemical products, derivative petrochemical products, and other chemical products. The Marketing segment is involved in marketing of refined products and trading business. The Natural Gas and Pipeline segment engages in the transmission of natural gas, crude oil, and refined products; and sale of natural gas. As of December 31, 2021, the company had a total length of 26,076 km, including 17,329 km of natural gas pipelines, 7,340 km of crude oil pipelines, and 1,407 km of refined product pipelines. The company is also involved in the exploration, development, and production of oil sands and coalbed methane; trading of crude oil and petrochemical products; storage, chemical engineering, storage facilities, service station, and transportation facilities and related businesses; and production and sales of basic and derivative chemical, and other chemical products. The company was founded in 1999 and is headquartered in Beijing, the People's Republic of China. PetroChina Company Limited is a subsidiary of China National Petroleum Corporation.

Wall Street Analysts Forecast Growth

Several research firms have commented on PTR. Citigroup upgraded PetroChina from a "sell" rating to a "neutral" rating in a research note on Monday, May 23rd. StockNews.com cut PetroChina from a "buy" rating to a "hold" rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold".

PetroChina Price Performance

PetroChina stock opened at $42.70 on Tuesday. The company has a market capitalization of $78.15 billion, a price-to-earnings ratio of 4.89 and a beta of 0.62. The company has a current ratio of 1.00, a quick ratio of 0.71 and a debt-to-equity ratio of 0.19. PetroChina has a 12 month low of $38.63 and a 12 month high of $57.87. The stock's 50 day moving average is $47.19 and its 200-day moving average is $49.70.

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PTR Stock News Headlines

August 15, 2022 | bloomberg.com

China Stocks Delisting in Focus as Sinopec and PetroChina To Delist From NYSE - Bloomberg

August 14, 2022 | americanbankingnews.com

PetroChina (NYSE:PTR) Shares Gap Down to $44.94

August 12, 2022 | marketwatch.com

Five U.S.-Listed Chinese Companies Seek to Delist From NYSE - MarketWatch

August 12, 2022 | bloomberg.com

China State-Owned Giants Plan to Delist From US Amid Audit Spat - Bloomberg

August 12, 2022 | seekingalpha.com

PetroChina intends to voluntarily delist its ADS from NYSE - Seeking Alpha

August 12, 2022 | barrons.com

Sinopec to Delist From NYSE. Alibaba Stock Slumps on Worries. - Barron's

August 12, 2022 | marketwatch.com

It's a Tom Jones rally but it may be overbought, say analysts - MarketWatch

August 12, 2022 | reuters.com

Four Chinese state-owned companies to delist from NYSE - Reuters

August 1, 2022 | theglobeandmail.com

Australia watchdog urges gas export curbs to avert domestic supply crunch in 2023 - The Globe and Mail

July 29, 2022 | baystreet.ca

Cost Of Coastal GasLink Pipeline Nearly Doubles To $11 Billion - Baystreet.ca

July 28, 2022 | globenewswire.com

By 2028, Global Acetic Acid Market Size to Hit US$ 11.08 Bn, at a 4.01% CAGR: Comprehensive Research Report by Facts & Factors - GlobeNewswire

July 28, 2022 | seekingalpha.com

3 Great Yield Stocks I Keep Dumping Money Into - Seeking Alpha

July 28, 2022 | reuters.com

PetroChina begins $4.5 bln refinery expansion, state media says - Reuters

July 26, 2022 | baystreet.ca

China And India Are Buying Less Russian Crude - Baystreet.ca

July 21, 2022 | benzinga.com

This Foreboding Sign Looms Over PetroChina Co's Chart - Benzinga - Benzinga

July 21, 2022 | globenewswire.com

Propane Market Size [2022-2029] | Industry Trends, Growth, Share, Market Drivers, Restraints, Opportunities, SWOT Analysis, And Key Developments with Global Forecast - GlobeNewswire

July 20, 2022 | reuters.com

Cheniere to supply LNG to PetroChina until 2050 - Reuters

July 20, 2022 | seekingalpha.com

Cheniere Energy, PetroChina sign long-term LNG supply deal (NYSE:LNG) - Seeking Alpha

July 20, 2022 | businessinsider.com

Trump blasts Biden for selling oil to China, but did the same in 2017 - Business Insider

July 20, 2022 | africa.businessinsider.com

Trump's allies want Biden investigated for selling oil reserves to China even though Trump did the same thing in 2017 - Business Insider Africa

July 15, 2022 | bloomberg.com

PetroChina Says 1H Profit Rose by More than 50% as Oil Soared - Bloomberg

July 13, 2022 | rttnews.com

China Stock Market Expected To Open In The Red On Thursday - RTTNews

July 12, 2022 | rttnews.com

China Stock Market Tipped To Open Under Pressure - RTTNews

July 9, 2022 | nasdaq.com

PetroChina (PTR) Dips More Than Broader Markets: What You Should Know - Nasdaq

June 29, 2022 | baystreet.ca

PetroChina To Sell Canadian Oil Sands Assets As Losses Mount - Baystreet.ca

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PTR Company Calendar

Ex-Dividend for 8/8 Dividend: 6/16/2022
Dividend Payable: 8/08/2022
Today: 8/16/2022
Next Earnings (Estimated): 8/25/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:PTR
CUSIP: N/A
CIK: 1108329
Web: www.petrochina.com.cn
Phone: 86-10-5998-2622
Fax: 86-10-6209-9557
Employees: 417,173
Year Founded: 1999

Profitability

EPS (Most Recent Fiscal Year): $8.74
Trailing P/E Ratio: 4.80
Forward P/E Ratio: 3.82
P/E Growth: N/A
Net Income: $14.29 billion
Net Margins: 3.65%
Pretax Margin: 6.05%
Return on Equity: 7.36%
Return on Assets: 4.08%

Debt

Debt-to-Equity Ratio: 0.19
Current Ratio: 1.00
Quick Ratio: 0.71

Sales & Book Value

Annual Sales: $405.22 billion
Price / Sales: 0.19
Cash Flow: $26.04 per share
Price / Cash Flow: 1.61
Book Value: $119.32 per share
Price / Book: 0.35

Miscellaneous

Outstanding Shares: 1,830,210,000
Free Float: N/A
Market Cap: $76.72 billion
Optionable: Optionable
Beta: 0.62

Social Links

Key Executives

Mr. Yongzhang Huang (Age 55)
Pres & Exec. Director
Comp: $114.99k
Mr. Longde Sun (Age 59)
VP & Chief Geologist
Mr. Jigang Yang (Age 59)
VP & Chief Engineer
Mr. Fangzheng Jiao (Age 59)
Chief Geologist & Exec. Director
Mr. Lixin Ren (Age 54)
Sr. VP & Exec. Director
Comp: $113.4k
Mr. Minglu Zhang (Age 58)
Chief Safety Officer and GM of Quality, Health, Safety & Environment Department
Mr. Guowen Zhu (Age 55)
VP
Mr. Shouping Chai (Age 60)
CFO & Company Sec.
Dr. Chong Xing
Deputy Director of Investor Relations
Xia Hong Wei
Chairman of Singapore Petroleum Company and Managing Director of PetroChina - Singapore

Key Competitors

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Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PTR Stock - Frequently Asked Questions

Should I buy or sell PetroChina stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PetroChina in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PTR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PTR, but not buy additional shares or sell existing shares.
View PTR analyst ratings or view top-rated stocks.
How have PTR shares performed in 2022?: PetroChina's stock was trading at $44.21 at the beginning of the year. Since then, PTR shares have decreased by 5.2% and is now trading at $41.92.
View the best growth stocks for 2022 here.
Are investors shorting PetroChina?: PetroChina saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 347,100 shares, an increase of 78.1% from the June 30th total of 194,900 shares. Based on an average daily trading volume, of 164,900 shares, the days-to-cover ratio is presently 2.1 days.
View PetroChina's Short Interest.
When is PetroChina's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 25th 2022.
View our PTR earnings forecast.
How often does PetroChina pay dividends? What is the dividend yield for PetroChina?: PetroChina announced a Semi-Annual dividend on Friday, April 1st. Investors of record on Friday, June 17th will be given a dividend of $1.341 per share on Monday, August 8th. This represents a yield of 6.1%. The ex-dividend date of this dividend is Thursday, June 16th. This is an increase from the stock's previous Semi-Annual dividend of $1.34.
Read our dividend analysis for PTR.
Is PetroChina a good dividend stock?: PetroChina (NYSE:PTR) pays an annual dividend of $2.55 per share and currently has a dividend yield of 5.97%. PTR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 29.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PTR will have a dividend payout ratio of 24.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PTR.
What is Zhou Jiping's approval rating as PetroChina's CEO?: 18 employees have rated PetroChina Chief Executive Officer Zhou Jiping on Glassdoor.com. Zhou Jiping has an approval rating of 57% among the company's employees. This puts Zhou Jiping in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of PetroChina own?: 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).
What is PetroChina's stock symbol?: PetroChina trades on the New York Stock Exchange (NYSE) under the ticker symbol "PTR."
Who are PetroChina's major shareholders?: PetroChina's stock is owned by a number of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (0.04%), Grantham Mayo Van Otterloo & Co. LLC (0.02%), O Shaughnessy Asset Management LLC (0.02%), US Bancorp DE (0.01%), OLD Mission Capital LLC (0.01%) and Healthcare of Ontario Pension Plan Trust Fund (0.01%).
How do I buy shares of PetroChina?: Shares of PTR stock 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.
Compare Top Brokerages Here.
What is PetroChina's stock price today?: One share of PTR stock can currently be purchased for approximately $41.92.
How much money does PetroChina make?: PetroChina (NYSE:PTR) has a market capitalization of $76.72 billion and generates $405.22 billion in revenue each year. The oil and gas company earns $14.29 billion in net income (profit) each year or $8.74 on an earnings per share basis.
How many employees does PetroChina have?: The company employs 417,173 workers across the globe.
When was PetroChina founded?: PetroChina was founded in 1999.
How can I contact PetroChina?: PetroChina's mailing address is 9 DONGZHIMEN NORTH STREET DONGCHENG DISTRICT, BEIJING F4, 100007. The official website for the company is www.petrochina.com.cn. The oil and gas company can be reached via phone at 86-10-5998-2622, via email at hko@petrochina.com, or via fax at 86-10-6209-9557.

This page (NYSE:PTR) was last updated on 8/16/2022 by MarketBeat.com Staff

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