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

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

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded PetroChina to an “outperform” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, PetroChina has a consensus rating of “Buy”.

PetroChina Trading Up 1.6%

The firm has a fifty day simple moving average of $1.08 and a 200-day simple moving average of $1.02.

PetroChina Company Profile

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.