PetroChina (NYSE: PTR) shares currently have a dividend yield of 4.20%. PetroChina Company Limited produces and sells oil and gas in the People's Republic of China. The company operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The company has a P/E ratio of 178.86. The average volume for PetroChina has been 185,900 shares per day over the past 30 days. PetroChina has a market cap of $206.2 billion and is part of the energy industry. Shares are down 20.7% year to date as of the close of trading on Monday. TheStreet Ratings rates PetroChina as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 6.5%. Since the same quarter one year prior, revenues rose by 13.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 37.5% when compared to the same quarter one year prior, rising from $3,546.03 million to $4,876.76 million.
- The current debt-to-equity ratio, 0.50, is low and is below the industry average, implying that there has been successful management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.39 is very weak and demonstrates a lack of ability to pay short-term obligations.
- PETROCHINA CO LTD has improved earnings per share by 37.6% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, PETROCHINA CO LTD reported lower earnings of $10.11 versus $11.53 in the prior year. This year, the market expects an improvement in earnings ($11.57 versus $10.11).
- You can view the full PetroChina Ratings Report.
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