Earnings and Growth Analysis : PetroChina (NYSE:PTR)

Earnings results for PetroChina (NYSE:PTR)

PetroChina Company Limited is estimated to report earnings on 03/25/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. The reported EPS for the same quarter last year was $0.66.

Analyst Opinion on PetroChina (NYSE:PTR)

8 Wall Street analysts have issued ratings and price targets for PetroChina in the last 12 months. Their average twelve-month price target is $47.30, predicting that the stock has a possible upside of 32.01%. The high price target for PTR is $61.00 and the low price target for PTR is $35.00. There are currently 1 sell rating, 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”

PetroChina has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 5 buy ratings, 1 hold rating, and 1 sell rating. According to analysts’ consensus price target of $47.30, PetroChina has a forecasted upside of 32.0% from its current price of $35.83. PetroChina has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: PetroChina (NYSE:PTR)

PetroChina is a leading dividend payer. It pays a dividend yield of 6.02%, putting its dividend yield in the top 25% of dividend-paying stocks. PetroChina does not have a long track record of dividend growth. The dividend payout ratio of PetroChina is 62.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, PetroChina will have a dividend payout ratio of 150.68% in the coming year. This indicates that PetroChina may not be able to sustain their current dividend.

Insiders buying/selling: PetroChina (NYSE:PTR)

In the past three months, PetroChina insiders have not sold or bought any company stock. Only 0.20% of the stock of PetroChina is held by institutions.

Earnings and Valuation of PetroChina (NYSE:PTR

Earnings for PetroChina are expected to grow by 22.31% in the coming year, from $1.21 to $1.48 per share. The P/E ratio of PetroChina is 23.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 32.42. The P/E ratio of PetroChina is 23.89, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 24.17. PetroChina has a PEG Ratio of 18.87. PEG Ratios above 1 indicate that a company could be overvalued. PetroChina has a P/B Ratio of 0.31. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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