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.
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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