PetroChina (PTR) Stock Rating Upgraded by Citigroup

Share on StockTwits

PetroChina (NYSE:PTR) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a report issued on Friday, The Fly reports.

A number of other equities research analysts also recently weighed in on the company. Goldman Sachs Group raised PetroChina from a “neutral” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Tuesday, May 14th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of PetroChina in a report on Friday, April 5th. ValuEngine raised PetroChina from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Zacks Investment Research downgraded PetroChina from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. Finally, TheStreet downgraded PetroChina from a “b-” rating to a “c+” rating in a report on Friday, May 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $87.42.

Shares of PTR stock opened at $56.31 on Friday. The firm has a market capitalization of $106.85 billion, a price-to-earnings ratio of 13.10 and a beta of 1.21. PetroChina has a fifty-two week low of $56.11 and a fifty-two week high of $85.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.58 and a current ratio of 0.88.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its holdings in shares of PetroChina by 4.7% during the 1st quarter. Renaissance Technologies LLC now owns 971,700 shares of the oil and gas company’s stock valued at $63,578,000 after acquiring an additional 43,800 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of PetroChina by 37.2% during the 1st quarter. BlackRock Inc. now owns 380,286 shares of the oil and gas company’s stock valued at $24,881,000 after acquiring an additional 103,051 shares in the last quarter. LMR Partners LLP boosted its holdings in shares of PetroChina by 6,874.4% during the 4th quarter. LMR Partners LLP now owns 196,121 shares of the oil and gas company’s stock valued at $12,220,000 after acquiring an additional 193,309 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of PetroChina by 16.1% during the 1st quarter. Northern Trust Corp now owns 181,080 shares of the oil and gas company’s stock valued at $11,849,000 after acquiring an additional 25,167 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in PetroChina by 0.6% during the 1st quarter. AQR Capital Management LLC now owns 120,398 shares of the oil and gas company’s stock worth $7,878,000 after purchasing an additional 716 shares during the last quarter. 0.25% of the stock is currently owned by institutional investors.

About PetroChina

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.

Read More: Support Level

The Fly

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.



Latest News

$603.70 Million in Sales Expected for ConturaEnergyInc   .  This Quarter
$603.70 Million in Sales Expected for ConturaEnergyInc . This Quarter
Analysts Anticipate Verisign, Inc.  Will Post Quarterly Sales of $306.45 Million
Analysts Anticipate Verisign, Inc. Will Post Quarterly Sales of $306.45 Million
J2 Global Inc  Expected to Post Quarterly Sales of $318.47 Million
J2 Global Inc Expected to Post Quarterly Sales of $318.47 Million
$2.69 Billion in Sales Expected for Iqvia Holdings Inc  This Quarter
$2.69 Billion in Sales Expected for Iqvia Holdings Inc This Quarter
Zacks: Analysts Anticipate CarMax, Inc  Will Announce Quarterly Sales of $5.22 Billion
Zacks: Analysts Anticipate CarMax, Inc Will Announce Quarterly Sales of $5.22 Billion
Zacks: Analysts Anticipate Papa John’s Int’l, Inc.  Will Post Quarterly Sales of $396.88 Million
Zacks: Analysts Anticipate Papa John’s Int’l, Inc. Will Post Quarterly Sales of $396.88 Million


© 2006-2019 Ticker Report