PTR has been the topic of several other research reports. Citigroup upgraded PetroChina from a sell rating to a buy rating in a report on Thursday, January 11th. Zacks Investment Research cut PetroChina from a buy rating to a hold rating in a research note on Monday, March 12th. Morgan Stanley raised PetroChina from an equal weight rating to an overweight rating in a research note on Thursday, February 22nd. Macquarie cut PetroChina from an outperform rating to a neutral rating in a research note on Tuesday, January 9th. Finally, Nomura began coverage on PetroChina in a research note on Wednesday, December 6th. They set a buy rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $80.00.
NYSE PTR opened at $67.85 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.49 and a current ratio of 0.74. The stock has a market cap of $127,199.59, a price-to-earnings ratio of 308.41 and a beta of 1.43. PetroChina has a 1 year low of $60.69 and a 1 year high of $82.33.
A number of large investors have recently added to or reduced their stakes in PTR. Jane Street Group LLC purchased a new position in PetroChina during the 3rd quarter valued at about $201,000. Commerzbank Aktiengesellschaft FI purchased a new position in PetroChina during the 4th quarter valued at about $202,000. Capital Fund Management S.A. bought a new stake in shares of PetroChina in the 4th quarter valued at approximately $273,000. BNP Paribas Arbitrage SA grew its stake in shares of PetroChina by 28.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,414 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 979 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of PetroChina in the 3rd quarter valued at approximately $284,000. 0.23% of the stock is currently owned by institutional investors.
WARNING: This article was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.tickerreport.com/banking-finance/3340148/petrochina-ptr-stock-rating-upgraded-by-bnp-paribas.html.
PetroChina Company Profile
PetroChina Company Limited, together with its subsidiaries, primarily engages in a range of petroleum related products, services, and activities. 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.
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.