PetroChina Stock To Go Ex-dividend Tomorrow (PTR)

NEW YORK (TheStreet) -- The ex-dividend date for PetroChina (NYSE:PTR) is tomorrow, May 25, 2012. Owners of shares as of market close today will be eligible for a dividend of $2.33 per share. At a price of $130.18 as of 9:35 a.m. ET, the dividend yield is 3.5%.

The average volume for PetroChina has been 173,700 shares per day over the past 30 days. PetroChina has a market cap of $239.19 billion and is part of the basic materials sector and energy industry. Shares are up 4.8% year to date as of the close of trading on Wednesday.

PetroChina Company Limited produces and distributes oil and gas in the People's Republic of China. It operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The company has a P/E ratio of 1.7, below the average energy industry P/E ratio of 11.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates PetroChina as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full PetroChina Ratings Report.

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