PetroChina (NYSE:PTR) was downgraded by equities researchers at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a research note issued on Monday, June 3rd, MarketBeat reports.
PTR has been the topic of a number of other research reports. Zacks Investment Research raised shares of PetroChina from a “strong sell” rating to a “hold” rating in a research note on Friday, March 22nd. TheStreet cut shares of PetroChina from a “b-” rating to a “c+” rating in a report on Friday, May 17th. ValuEngine cut shares of PetroChina from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. reissued a “buy” rating on shares of PetroChina in a research report on Friday, April 5th. Finally, Citigroup raised shares of PetroChina from a “neutral” rating to a “buy” rating and set a $57.45 price target for the company in a research report on Friday, May 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $71.11.
Shares of PTR traded up $0.52 during mid-day trading on Monday, reaching $55.75. The stock had a trading volume of 71,010 shares, compared to its average volume of 107,559. The firm has a market capitalization of $101.08 billion, a price-to-earnings ratio of 12.97 and a beta of 1.24. PetroChina has a 12 month low of $54.12 and a 12 month high of $83.24. The business’s fifty day moving average price is $56.68. 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 released its earnings results on Monday, April 29th. The oil and gas company reported $0.40 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 for the quarter. As a group, equities analysts anticipate that PetroChina will post 4.58 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Lindbrook Capital LLC boosted its stake in PetroChina by 225.6% during the 1st quarter. Lindbrook Capital LLC now owns 407 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 282 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in PetroChina by 53.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,384 shares of the oil and gas company’s stock valued at $86,000 after purchasing an additional 485 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in PetroChina in the fourth quarter valued at approximately $142,000. BNP Paribas Arbitrage SA lifted its stake in PetroChina by 26.7% in the first quarter. BNP Paribas Arbitrage SA now owns 2,646 shares of the oil and gas company’s stock valued at $173,000 after buying an additional 557 shares during the last quarter. Finally, World Asset Management Inc purchased a new stake in PetroChina in the first quarter valued at approximately $209,000. 0.23% of the stock is currently owned by institutional investors.
PetroChina Company Profile
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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