Back to top

Image: Shutterstock

Why PetroChina (PTR) is Such a Great Value Stock Pick Right Now

Read MoreHide Full Article

Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?

Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; PetroChina Company Limited (PTR - Free Report) .

PetroChina in Focus

PTR may be an interesting play thanks to its forward PE of 6.9, its P/S ratio of 0.3, and its decent dividend yield of 5%. These factors suggest that PetroChina is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that PTR has decent revenue metrics to back up its earnings.

But before you think that PetroChina is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 26.6% in the past 60 days, thanks to two upward revisions in the past two months compared to none lower.

This estimate strength is actually enough to push PTR to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank stocks here.

So really, PetroChina is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.  

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.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>
 


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


PetroChina Company Limited (PTR) - free report >>