PetroChina (NYSE:PTR) has earned a consensus rating of “Buy” from the ten brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $80.00.

PTR has been the topic of several analyst reports. Morgan Stanley raised shares of PetroChina from an “equal weight” rating to an “overweight” rating in a report on Thursday, February 22nd. Zacks Investment Research downgraded shares of PetroChina from a “buy” rating to a “hold” rating in a report on Monday, March 12th. Macquarie raised shares of PetroChina from a “neutral” rating to an “outperform” rating in a report on Monday, March 5th. BNP Paribas raised shares of PetroChina from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Finally, Citigroup raised shares of PetroChina from a “sell” rating to a “buy” rating in a report on Thursday, January 11th.

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Hedge funds have recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI purchased a new position in shares of PetroChina in the fourth quarter worth $202,000. Jane Street Group LLC purchased a new position in shares of PetroChina in the third quarter worth $201,000. Capital Fund Management S.A. purchased a new position in shares of PetroChina in the fourth quarter worth $273,000. BNP Paribas Arbitrage SA lifted its holdings in shares of PetroChina by 28.5% in the third quarter. BNP Paribas Arbitrage SA now owns 4,414 shares of the oil and gas company’s stock worth $283,000 after buying an additional 979 shares in the last quarter. Finally, Granite Point Capital Management L.P. purchased a new position in shares of PetroChina in the fourth quarter worth $361,000. 0.23% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:PTR traded up $0.01 during trading hours on Thursday, hitting $71.06. 40,904 shares of the stock traded hands, compared to its average volume of 133,210. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.74 and a quick ratio of 0.49. PetroChina has a 1 year low of $60.69 and a 1 year high of $82.33. The company has a market capitalization of $132,726.81, a P/E ratio of 320.32 and a beta of 1.43.

The business also recently announced a semiannual dividend, which will be paid on Monday, August 6th. Stockholders of record on Wednesday, June 13th will be issued a $0.3953 dividend. This represents a dividend yield of 1.15%. The ex-dividend date is Tuesday, June 12th. PetroChina’s dividend payout ratio (DPR) is presently 631.82%.

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About PetroChina

PetroChina Company Limited, together with its subsidiaries, primarily engages in a range of petroleum related products, services, and activities. 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.

Analyst Recommendations for PetroChina (NYSE:PTR)

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