PetroChina Company Limited (NYSE:PTR) has earned an average rating of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $71.11.
A number of analysts have weighed in on PTR shares. Citigroup upgraded PetroChina from a “neutral” rating to a “buy” rating and set a $57.45 target price for the company in a report on Friday, May 24th. Zacks Investment Research upgraded PetroChina from a “strong sell” rating to a “hold” rating and set a $47.00 target price for the company in a report on Monday, June 3rd. Daiwa Capital Markets started coverage on PetroChina in a report on Monday, July 8th. They set an “outperform” rating for the company. Credit Suisse Group lowered PetroChina from a “neutral” rating to an “underperform” rating in a report on Monday, June 3rd. Finally, Goldman Sachs Group upgraded PetroChina from a “neutral” rating to a “buy” rating and set a $74.00 target price for the company in a report on Tuesday, May 14th.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of PetroChina by 26.8% during the 2nd quarter. BlackRock Inc. now owns 482,152 shares of the oil and gas company’s stock valued at $26,552,000 after purchasing an additional 101,866 shares during the last quarter. Marshall Wace North America L.P. lifted its holdings in shares of PetroChina by 57.0% during the 2nd quarter. Marshall Wace North America L.P. now owns 198,850 shares of the oil and gas company’s stock valued at $10,951,000 after purchasing an additional 72,214 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of PetroChina during the 1st quarter valued at $2,678,000. Renaissance Technologies LLC lifted its holdings in shares of PetroChina by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,012,300 shares of the oil and gas company’s stock valued at $55,747,000 after purchasing an additional 40,600 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of PetroChina by 226.4% during the 2nd quarter. Morgan Stanley now owns 52,218 shares of the oil and gas company’s stock valued at $2,876,000 after purchasing an additional 36,220 shares during the last quarter. Institutional investors own 0.23% of the company’s stock.
Shares of NYSE PTR traded down $1.16 during trading hours on Friday, reaching $47.67. The stock had a trading volume of 101,451 shares, compared to its average volume of 105,859. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.13. The firm has a market cap of $89.37 billion, a price-to-earnings ratio of 11.09 and a beta of 1.20. The business’s fifty day moving average price is $52.19 and its two-hundred day moving average price is $59.37. PetroChina has a 52-week low of $47.65 and a 52-week high of $83.24.
PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. The Exploration and Production segment engages in the exploration, development, production, and marketing of crude oil and natural gas.
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