PetroChina (PTR) Upgraded to Overweight at Morgan Stanley

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Morgan Stanley upgraded shares of PetroChina (NYSE:PTR) from an equal weight rating to an overweight rating in a research report sent to investors on Wednesday, MarketBeat Ratings reports.

Several other analysts have also issued reports on PTR. Zacks Investment Research lowered shares of PetroChina from a hold rating to a strong sell rating in a research report on Thursday, January 3rd. ValuEngine lowered shares of PetroChina from a hold rating to a sell rating in a research report on Wednesday, January 2nd. Citigroup lowered shares of PetroChina from a buy rating to a neutral rating in a research report on Friday, January 4th. BNP Paribas lowered shares of PetroChina from a buy rating to a hold rating in a research report on Tuesday, December 11th. Finally, Macquarie lowered shares of PetroChina from an outperform rating to a neutral rating in a research report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. PetroChina has a consensus rating of Hold and a consensus target price of $91.90.

PTR opened at $63.47 on Wednesday. The firm has a market capitalization of $119.79 billion, a P/E ratio of 35.66 and a beta of 1.39. The company has a current ratio of 0.86, a quick ratio of 0.57 and a debt-to-equity ratio of 0.13. PetroChina has a 52 week low of $59.21 and a 52 week high of $85.02.

PetroChina (NYSE:PTR) last released its earnings results on Tuesday, October 30th. The oil and gas company reported $1.69 EPS for the quarter. The business had revenue of $88.35 billion for the quarter. PetroChina had a return on equity of 3.84% and a net margin of 2.35%. As a group, sell-side analysts anticipate that PetroChina will post 5.11 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. purchased a new stake in shares of PetroChina during the third quarter worth about $179,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of PetroChina during the third quarter worth about $222,000. Raymond James & Associates purchased a new stake in shares of PetroChina during the second quarter worth about $246,000. Capital Fund Management S.A. purchased a new stake in shares of PetroChina during the second quarter worth about $267,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of PetroChina during the third quarter worth about $304,000. Institutional investors and hedge funds own 0.26% of the company’s stock.

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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Analyst Recommendations for PetroChina (NYSE:PTR)

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