Investment analysts at Nomura began coverage on shares of PetroChina (NYSE:PTR) in a report issued on Wednesday. The firm set a “buy” rating on the oil and gas company’s stock.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of PetroChina from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Tuesday, November 7th. BidaskClub raised shares of PetroChina from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $76.00.

Shares of PetroChina (NYSE:PTR) opened at $65.91 on Wednesday. PetroChina has a 52-week low of $60.69 and a 52-week high of $81.80. 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 stock has a market cap of $121,050.09, a PE ratio of 28.88 and a beta of 1.25.

A number of hedge funds have recently modified their holdings of PTR. Arrowstreet Capital Limited Partnership bought a new stake in PetroChina in the 2nd quarter worth about $8,506,000. BT Investment Management Ltd purchased a new position in PetroChina in the second quarter valued at about $6,507,000. Renaissance Technologies LLC boosted its stake in PetroChina by 18.7% in the second quarter. Renaissance Technologies LLC now owns 396,700 shares of the oil and gas company’s stock valued at $24,310,000 after acquiring an additional 62,600 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in PetroChina by 3,221.6% in the second quarter. JPMorgan Chase & Co. now owns 46,104 shares of the oil and gas company’s stock valued at $2,825,000 after acquiring an additional 44,716 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in PetroChina by 6,949.6% in the third quarter. Sei Investments Co. now owns 33,133 shares of the oil and gas company’s stock valued at $2,124,000 after acquiring an additional 32,663 shares during the last quarter. 0.20% of the stock is 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.

Analyst Recommendations for PetroChina (NYSE:PTR)

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