Shares of PetroChina Company Limited (NYSE:PTR) have been given an average recommendation of “Hold” by the nine ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company.
PTR has been the topic of a number of recent analyst reports. Citigroup raised shares of PetroChina from a “sell” rating to a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research cut shares of PetroChina from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Morgan Stanley raised shares of PetroChina from an “equal weight” rating to an “overweight” rating in a research report on Thursday, February 22nd. Macquarie cut shares of PetroChina from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 9th. Finally, Nomura began coverage on shares of PetroChina in a research report on Wednesday, December 6th. They set a “buy” rating on the stock.
PTR stock traded up $1.39 during midday trading on Friday, reaching $70.52. 9,289 shares of the company’s stock were exchanged, compared to its average volume of 136,684. PetroChina has a 52 week low of $60.69 and a 52 week high of $82.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.79 and a quick ratio of 0.56. The firm has a market capitalization of $123,777.09, a PE ratio of 29.53 and a beta of 1.45.
Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in PetroChina during the 3rd quarter worth approximately $201,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of PetroChina during the 4th quarter worth about $202,000. Capital Fund Management S.A. bought a new position in shares of PetroChina during the 4th quarter worth about $273,000. BNP Paribas Arbitrage SA boosted its position in shares of PetroChina by 28.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,414 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 979 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of PetroChina during the 3rd quarter worth about $284,000. 0.23% of the stock is currently owned by institutional investors and hedge funds.
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PetroChina Company Profile
PetroChina Company Limited is a China-based company principally engaged in the production and distribution of oil and gas. The Company mainly operates through four business segments. The Exploration and Production segment is principally engaged in the exploration, development, production and sales of crude oil and natural gas.
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