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PetroChina (PTR) Dips More Than Broader Markets: What You Should Know

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PetroChina (PTR - Free Report) closed the most recent trading day at $41.66, moving -0.93% from the previous trading session. This move lagged the S&P 500's daily loss of 0.47%.

Prior to today's trading, shares of the oil and gas company had lost 14.32% over the past month. This has lagged the Oils-Energy sector's loss of 8.12% and the S&P 500's gain of 3.38% in that time.

PTR will be looking to display strength as it nears its next earnings release.

For the full year, our Zacks Consensus Estimates are projecting earnings of $6.84 per share and revenue of $320.22 billion, which would represent changes of +371.72% and +14.08%, respectively, from the prior year.

Any recent changes to analyst estimates for PTR should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. PTR is holding a Zacks Rank of #1 (Strong Buy) right now.

In terms of valuation, PTR is currently trading at a Forward P/E ratio of 6.15. This represents a discount compared to its industry's average Forward P/E of 7.08.

We can also see that PTR currently has a PEG ratio of 0.13. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Integrated - International was holding an average PEG ratio of 0.54 at yesterday's closing price.

The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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