PetroChina (NYSE:PTR) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of PetroChina (NYSE:PTR) from a sell rating to a strong sell rating in a report released on Monday, ValuEngine reports.

Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of Global Ship Lease from a hold rating to a strong-buy rating and set a $7.75 price target on the stock in a research report on Monday, June 3rd. TheStreet lowered shares of Trinseo from a b- rating to a c+ rating in a research report on Friday, May 17th. JPMorgan Chase & Co. lowered shares of First Quantum Minerals from an overweight rating to a neutral rating in a research report on Friday, April 5th. Citigroup set a $27.00 price target on shares of PhaseBio Pharmaceuticals and gave the stock a buy rating in a research report on Friday, May 24th. Finally, Goldman Sachs Group lowered shares of E.ON SE Sponsored ADR (Germany) from a buy rating to a neutral rating in a research report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $71.11.

Shares of PTR stock traded up $0.30 during trading on Monday, reaching $54.85. The company’s stock had a trading volume of 127,279 shares, compared to its average volume of 89,372. The firm’s fifty day moving average is $55.53. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $99.75 billion, a P/E ratio of 12.77 and a beta of 1.19. PetroChina has a one year low of $53.86 and a one year high of $83.24.

PetroChina (NYSE:PTR) last announced its quarterly earnings data on Monday, April 29th. The oil and gas company reported $0.40 EPS for the quarter. PetroChina had a net margin of 2.20% and a return on equity of 3.72%. The business had revenue of $95.38 billion for the quarter. On average, equities analysts forecast that PetroChina will post 4.38 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of PTR. Lindbrook Capital LLC raised its position in shares of PetroChina by 225.6% in the first quarter. Lindbrook Capital LLC now owns 407 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 282 shares during the period. PNC Financial Services Group Inc. raised its position in shares of PetroChina by 53.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,384 shares of the oil and gas company’s stock valued at $86,000 after purchasing an additional 485 shares during the period. NINE MASTS CAPITAL Ltd bought a new position in shares of PetroChina in the fourth quarter valued at about $142,000. BNP Paribas Arbitrage SA raised its position in shares of PetroChina by 26.7% in the first quarter. BNP Paribas Arbitrage SA now owns 2,646 shares of the oil and gas company’s stock valued at $173,000 after purchasing an additional 557 shares during the period. Finally, World Asset Management Inc bought a new position in shares of PetroChina in the first quarter valued at about $209,000. 0.23% of the stock is currently owned by hedge funds and other institutional investors.

About PetroChina

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.

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