PetroChina Company Limited (NYSE:PTR) Receives Average Rating of “Hold” from Analysts

PetroChina Company Limited (NYSE:PTR) has been assigned an average rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $74.11.

Several equities analysts have issued reports on PTR shares. Macquarie upgraded shares of PetroChina from a “neutral” rating to an “outperform” rating in a research report on Wednesday, July 17th. ValuEngine cut shares of PetroChina from a “sell” rating to a “strong sell” rating in a research report on Monday, July 8th. HSBC cut shares of PetroChina from a “hold” rating to a “reduce” rating in a research report on Wednesday, September 11th. Credit Suisse Group cut shares of PetroChina from a “neutral” rating to an “underperform” rating in a research report on Monday, June 3rd. Finally, Zacks Investment Research cut shares of PetroChina from a “hold” rating to a “strong sell” rating and set a $59.00 price target for the company. in a research report on Tuesday, September 17th.

A number of hedge funds and other institutional investors have recently made changes to their positions in PTR. Macquarie Group Ltd. boosted its stake in shares of PetroChina by 38.5% in the 2nd quarter. Macquarie Group Ltd. now owns 14,400 shares of the oil and gas company’s stock valued at $793,000 after purchasing an additional 4,000 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of PetroChina by 148.3% in the 2nd quarter. Royal Bank of Canada now owns 6,659 shares of the oil and gas company’s stock valued at $367,000 after purchasing an additional 3,977 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of PetroChina in the 2nd quarter valued at $217,000. Morgan Stanley boosted its stake in shares of PetroChina by 226.4% in 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. Finally, Marshall Wace North America L.P. boosted its stake in shares of PetroChina by 57.0% in 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. Hedge funds and other institutional investors own 0.23% of the company’s stock.



NYSE PTR traded down $0.78 on Thursday, hitting $51.75. The company’s stock had a trading volume of 124,300 shares, compared to its average volume of 93,977. The company has a quick ratio of 0.51, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. PetroChina has a 1-year low of $47.65 and a 1-year high of $83.24. The company’s 50-day moving average is $50.36 and its 200 day moving average is $57.17. The firm has a market cap of $96.14 billion, a PE ratio of 12.03 and a beta of 1.18.

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.

Featured Article: Quiet Period Expirations Explained

Analyst Recommendations for PetroChina (NYSE:PTR)

Receive News & Ratings for PetroChina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PetroChina and related companies with MarketBeat.com's FREE daily email newsletter.