PetroChina (NYSE: PTR) recently received a number of ratings updates from brokerages and research firms:

  • 1/9/2019 – PetroChina was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating.
  • 1/4/2019 – PetroChina was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating.
  • 1/3/2019 – PetroChina was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Based on a number of near-term challenges, the investment thesis on PetroChina is recalibrated to a Strong Sell. There are concerns regarding prospects for the company’s oil production growth, considering its heavy exposure to significantly mature-producing areas. A limited international operation and an ambitious investment program gives investors more reason to steer clear of the stock. Persistent marketing headwinds, reflecting slow domestic refined products demand growth and fierce competitions, also keep us worried. While the company’s leverage to the high-growth Chinese market is expected to help sustain its upstream growth momentum, the fuel price caps and heavy taxes offset most, if not all, of the Chinese market positives. Consequently, investors are advised to sell PetroChina.”
  • 1/2/2019 – PetroChina was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 12/11/2018 – PetroChina was downgraded by analysts at BNP Paribas from a “buy” rating to a “hold” rating.
  • 11/29/2018 – PetroChina was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating.
  • 11/15/2018 – PetroChina was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating.

Shares of PTR traded down $0.55 during mid-day trading on Monday, reaching $62.92. 120 shares of the company’s stock traded hands, compared to its average volume of 92,823. The stock has a market cap of $119.79 billion, a price-to-earnings ratio of 35.35 and a beta of 1.39. PetroChina Company Limited has a 12 month low of $59.21 and a 12 month high of $85.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.57 and a current ratio of 0.86.

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

Several hedge funds and other institutional investors have recently made changes to their positions in PTR. Hsbc Holdings PLC purchased a new stake in shares of PetroChina in the third quarter valued at approximately $19,457,000. Point72 Asset Management L.P. purchased a new stake in PetroChina during the second quarter worth $7,627,000. Marshall Wace LLP purchased a new stake in PetroChina during the third quarter worth $5,461,000. Sensato Investors LLC purchased a new stake in PetroChina during the third quarter worth $4,623,000. Finally, Renaissance Technologies LLC lifted its holdings in PetroChina by 6.6% during the third quarter. Renaissance Technologies LLC now owns 880,200 shares of the oil and gas company’s stock worth $71,683,000 after buying an additional 54,200 shares during the period. Hedge funds and other institutional investors own 0.26% of the company’s stock.

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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