PetroChina (NYSE:PTR) Hits New 1-Year Low at $53.65

Shares of PetroChina Company Limited (NYSE:PTR) reached a new 52-week low on Monday . The company traded as low as $53.65 and last traded at $53.65, with a volume of 633 shares changing hands. The stock had previously closed at $54.04.

A number of brokerages recently commented on PTR. Zacks Investment Research raised Global Ship Lease from a “hold” rating to a “strong-buy” rating and set a $7.75 price target for the company in a research report on Monday, June 3rd. Goldman Sachs Group downgraded E.ON SE Sponsored ADR (Germany) from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 14th. TheStreet downgraded Trinseo from a “b-” rating to a “c+” rating in a research report on Friday, May 17th. ValuEngine downgraded Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, July 8th. Finally, Credit Suisse Group decreased their price target on FOX from $51.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $71.11.

The company has a debt-to-equity ratio of 0.13, a current ratio of 0.88 and a quick ratio of 0.58. The firm has a market capitalization of $98.90 billion, a P/E ratio of 12.43 and a beta of 1.19. The firm’s 50-day moving average is $54.85.

PetroChina (NYSE:PTR) last issued its quarterly earnings results on Monday, April 29th. The oil and gas company reported $0.40 EPS for the quarter. PetroChina had a return on equity of 3.72% and a net margin of 2.20%. The company had revenue of $95.38 billion during the quarter. As a group, analysts expect that PetroChina Company Limited will post 4.38 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in PTR. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in PetroChina in the first quarter worth $2,678,000. Two Sigma Advisers LP increased its position in PetroChina by 46.3% in the fourth quarter. Two Sigma Advisers LP now owns 52,800 shares of the oil and gas company’s stock worth $3,250,000 after buying an additional 16,700 shares during the last quarter. Macquarie Group Ltd. increased its position in PetroChina by 336.4% in the fourth quarter. Macquarie Group Ltd. now owns 9,600 shares of the oil and gas company’s stock worth $591,000 after buying an additional 7,400 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of PetroChina in the first quarter worth $311,000. Finally, Bank of Montreal Can boosted its holdings in shares of PetroChina by 14.9% in the first quarter. Bank of Montreal Can now owns 25,631 shares of the oil and gas company’s stock worth $1,677,000 after acquiring an additional 3,320 shares during the period. 0.23% of the stock is owned by institutional investors and hedge funds.

About PetroChina (NYSE:PTR)

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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