PetroChina (PTR) Rating Reiterated by Bank of America
PetroChina (NYSE:PTR)‘s stock had its “buy” rating restated by equities researchers at Bank of America in a note issued to investors on Monday. They currently have a $106.00 price target on the oil and gas company’s stock. Bank of America’s price target would suggest a potential upside of 34.42% from the company’s current price.
Several other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of PetroChina from a “strong-buy” rating to a “hold” rating in a report on Monday, August 13th. Sanford C. Bernstein upgraded shares of PetroChina from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $60.69 to $82.69 in a report on Monday, May 28th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $92.23.
Shares of PTR stock traded up $0.96 during trading hours on Monday, hitting $78.86. 613 shares of the company were exchanged, compared to its average volume of 103,514. The firm has a market cap of $141.80 billion, a P/E ratio of 43.76 and a beta of 1.44. PetroChina has a 1 year low of $61.87 and a 1 year high of $85.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.54.
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.
See Also: Return on Equity (ROE)
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