ValuEngine Lowers PetroChina (NYSE:PTR) to Strong Sell

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ValuEngine cut shares of PetroChina (NYSE:PTR) from a sell rating to a strong sell rating in a research note released on Monday, ValuEngine reports.

Several other equities analysts also recently issued reports on PTR. Citigroup set a $27.00 price target on shares of PhaseBio Pharmaceuticals and gave the company a buy rating in a report on Friday, May 24th. TheStreet downgraded shares of Trinseo from a b- rating to a c+ rating in a research note on Friday, May 17th. Daiwa Capital Markets started coverage on shares of PetroChina in a research note on Monday. They issued an outperform rating for the company. JPMorgan Chase & Co. downgraded shares of First Quantum Minerals from an overweight rating to a neutral rating in a research note on Friday, April 5th. Finally, Goldman Sachs Group downgraded shares of E.ON SE Sponsored ADR (Germany) from a buy rating to a neutral rating in a research note on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $71.11.

PTR stock traded up $0.30 during trading on Monday, hitting $54.85. 127,279 shares of the stock traded hands, compared to its average volume of 89,372. PetroChina has a one year low of $53.86 and a one year high of $83.24. The stock has a market cap of $99.75 billion, a PE ratio of 12.77 and a beta of 1.19. The stock has a 50 day moving average of $55.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.58 and a current ratio of 0.88.

PetroChina (NYSE:PTR) last announced its quarterly earnings results on Monday, April 29th. The oil and gas company reported $0.40 earnings per share (EPS) for the quarter. PetroChina had a net margin of 2.20% and a return on equity of 3.72%. The firm had revenue of $95.38 billion during the quarter. As a group, research analysts forecast that PetroChina will post 4.38 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC raised its stake in shares of PetroChina by 225.6% during the first quarter. Lindbrook Capital LLC now owns 407 shares of the oil and gas company’s stock worth $26,000 after buying an additional 282 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of PetroChina by 53.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,384 shares of the oil and gas company’s stock worth $86,000 after buying an additional 485 shares during the last quarter. NINE MASTS CAPITAL Ltd bought a new stake in shares of PetroChina during the fourth quarter worth approximately $142,000. BNP Paribas Arbitrage SA raised its stake in shares of PetroChina by 26.7% during the first quarter. BNP Paribas Arbitrage SA now owns 2,646 shares of the oil and gas company’s stock worth $173,000 after buying an additional 557 shares during the last quarter. Finally, World Asset Management Inc bought a new stake in shares of PetroChina during the first quarter worth approximately $209,000. 0.23% of the stock is owned by institutional investors and hedge funds.

About PetroChina

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for PetroChina (NYSE:PTR)

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