PetroChina Company Limited (NYSE:PTR) Receives $71.11 Consensus PT from Analysts
Shares of PetroChina Company Limited (NYSE:PTR) have been assigned an average recommendation of “Hold” from the twelve research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $71.11.
Several brokerages have recently commented on PTR. Daiwa Capital Markets began coverage on PetroChina in a research note on Monday, July 8th. They set an “outperform” rating on the stock. Goldman Sachs Group lowered E.ON SE Sponsored ADR (Germany) from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 14th. Credit Suisse Group cut their price target on FOX from $51.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, July 8th. Finally, TheStreet lowered Trinseo from a “b-” rating to a “c+” rating in a research note on Friday, May 17th.
Shares of PetroChina stock traded up $0.02 during trading on Friday, hitting $54.87. 58,407 shares of the stock traded hands, compared to its average volume of 93,411. The stock has a market cap of $100.39 billion, a price-to-earnings ratio of 12.76 and a beta of 1.19. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.13. PetroChina has a 52-week low of $53.86 and a 52-week high of $83.24. The firm’s fifty day moving average is $55.44.
Hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC boosted its position in PetroChina by 225.6% during the first quarter. Lindbrook Capital LLC now owns 407 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 282 shares in 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 worth $86,000 after acquiring an additional 485 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in PetroChina in the fourth quarter worth about $142,000. BNP Paribas Arbitrage SA boosted its holdings 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 worth $173,000 after acquiring an additional 557 shares in the last quarter. Finally, World Asset Management Inc acquired a new stake in PetroChina in the first quarter worth about $209,000. 0.23% of the stock is currently owned by institutional investors.
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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