Zacks Investment Research lowered shares of PetroChina (NYSE:PTR) from a buy rating to a hold rating in a research report report published on Monday.

According to Zacks, “ADRs of PetroChina have declined 3.3% over the last year, underperforming the Zacks International Integrated Energy industry, which has gained 16.5% over the same period. But with higher commodity prices and operational efficiency helping the state-run giant report strong Q3 results, the stock might return to favor. The energy titan is expected to benefit from its robust portfolio of assets and leverage to the fast-growing Chinese economy. PTR’s natural gas business will lucrative growth prospects in the coming years as China moves from coal to natural gas. However, we are concerned over China’s decision to cut natural gas prices for industrial users that reduced margins in PTR’s gas-wholesale business. A limited international operation and an ambitious investment program gives investors more reason to be cautious on the stock. Hence, while being incrementally positive on PTR, we expect the ADRs to remain soft.”

Other equities research analysts also recently issued reports about the stock. Nomura began coverage on shares of PetroChina in a research note on Wednesday, December 6th. They set a buy rating on the stock. Morgan Stanley downgraded shares of PetroChina from an overweight rating to an equal weight rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $83.00.

Shares of PetroChina (NYSE PTR) traded down $0.10 on Monday, reaching $74.40. 93,500 shares of the company traded hands, compared to its average volume of 154,300. PetroChina has a 1 year low of $60.69 and a 1 year high of $81.80. The stock has a market cap of $226,550.00, a P/E ratio of 37.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.56 and a current ratio of 0.79.

Several large investors have recently made changes to their positions in PTR. SG Americas Securities LLC boosted its holdings in shares of PetroChina by 7.5% in the 2nd quarter. SG Americas Securities LLC now owns 2,031 shares of the oil and gas company’s stock valued at $124,000 after buying an additional 142 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of PetroChina in the 3rd quarter valued at $201,000. BNP Paribas Arbitrage SA boosted its holdings in shares of PetroChina by 14.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,435 shares of the oil and gas company’s stock valued at $210,000 after buying an additional 446 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of PetroChina in the 3rd quarter valued at $284,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of PetroChina by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,617 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 317 shares in the last quarter. 0.20% of the stock is currently owned by institutional investors.

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About PetroChina

PetroChina Company Limited is a China-based company principally engaged in the production and distribution of oil and gas. The Company mainly operates through four business segments. The Exploration and Production segment is principally engaged in the exploration, development, production and sales of crude oil and natural gas.

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