Chinese energy giant PetroChina Company Limited announced third-quarter 2019 earnings per ADR of 68 cents that missed the Zacks Consensus Estimate of $1.45 and were below the year-ago profit of $1.69.
One of China’s big three oil giants, the other two being Sinopec and CNOOC Limited (CEO - Free Report) , PetroChina’s earnings were dragged down by lower commodity prices, weaker downstream results and massive gas import losses.
However, the country’s dominant oil and gas producer’s total revenue for the quarter rose 1.8% from the year-ago period to RMB 618,143 million on higher oil and gas production.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Chinese energy giant PetroChina Company Limited announced third-quarter 2019 earnings per ADR of 68 cents that missed the Zacks Consensus Estimate of $1.45 and were below the year-ago profit of $1.69.
One of China’s big three oil giants, the other two being Sinopec and CNOOC Limited (CEO - Free Report) , PetroChina’s earnings were dragged down by lower commodity prices, weaker downstream results and massive gas import losses.
However, the country’s dominant oil and gas producer’s total revenue for the quarter rose 1.8% from the year-ago period to RMB 618,143 million on higher oil and gas production.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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