PetroChina (OTCMKTS:PCCYF) Shares Up 1.3% – What’s Next?

PetroChina Company Limited (OTCMKTS:PCCYF) shares traded up 1.3% during mid-day trading on Thursday . The company traded as high as $1.19 and last traded at $1.16. 68,774 shares changed hands during trading, an increase of 98% from the average session volume of 34,732 shares. The stock had previously closed at $1.1450.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised PetroChina to an “outperform” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

PetroChina Price Performance

The stock’s 50-day simple moving average is $1.08 and its 200 day simple moving average is $1.02.

About PetroChina

PetroChina Company Limited, traded over-the-counter in the U.S. as PCCYF, serves as the publicly listed arm of China National Petroleum Corporation (CNPC), one of the world’s largest integrated energy companies. Established in 1999 and headquartered in Beijing, PetroChina engages in a full range of activities across the oil and gas value chain. The company is responsible for exploration, development and production of crude oil and natural gas reserves, capitalizing on extensive onshore and offshore assets throughout China.

In its midstream operations, PetroChina develops and manages pipeline networks, storage terminals and liquefied natural gas (LNG) facilities that support the domestic energy grid.