Shares of PetroChina Company Limited (NYSE:PTR) have been assigned an average rating of “Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $82.69.

Several research firms recently commented on PTR. Zacks Investment Research raised shares of PetroChina from a “sell” rating to a “hold” rating in a report on Friday, June 1st. Sanford C. Bernstein raised shares of PetroChina from a “market perform” rating to an “outperform” rating and increased their target price for the company from $60.69 to $82.69 in a report on Monday, May 28th. HSBC raised shares of PetroChina from a “hold” rating to a “buy” rating in a report on Tuesday, May 1st. Finally, TheStreet raised shares of PetroChina from a “c” rating to a “b-” rating in a report on Monday, May 7th.

Shares of PTR stock traded up $0.46 on Wednesday, hitting $73.77. 1,086 shares of the company’s stock traded hands, compared to its average volume of 136,989. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.55 and a current ratio of 0.82. PetroChina has a one year low of $61.15 and a one year high of $85.02. The firm has a market cap of $137.08 billion, a P/E ratio of 41.31 and a beta of 1.47.

Institutional investors have recently made changes to their positions in the business. Citigroup Inc. grew its holdings in PetroChina by 11.2% in the 1st quarter. Citigroup Inc. now owns 32,035 shares of the oil and gas company’s stock worth $2,234,000 after acquiring an additional 3,237 shares during the last quarter. BlackRock Inc. grew its holdings in PetroChina by 39.8% in the 1st quarter. BlackRock Inc. now owns 577,226 shares of the oil and gas company’s stock worth $40,255,000 after acquiring an additional 164,470 shares during the last quarter. Wells Fargo & Company MN grew its holdings in PetroChina by 65.7% in the 1st quarter. Wells Fargo & Company MN now owns 26,797 shares of the oil and gas company’s stock worth $1,869,000 after acquiring an additional 10,628 shares during the last quarter. Cutler Investment Counsel LLC bought a new stake in PetroChina in the 1st quarter worth $291,000. Finally, US Bancorp DE grew its holdings in PetroChina by 154.6% in the 1st quarter. US Bancorp DE now owns 18,314 shares of the oil and gas company’s stock worth $1,277,000 after acquiring an additional 11,120 shares during the last quarter. 0.24% of the stock is currently owned by institutional investors and hedge funds.

About PetroChina

There is no company description available for PetroChina Co Ltd.

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Analyst Recommendations for PetroChina (NYSE:PTR)

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