Petrochina Hits New 52-Week Low at $99.01 (PTR)
Shares of Petrochina (NYSE:PTR) hit a new 52-week low during trading on Monday, AmericanBankingNews.com reports. The stock traded as low as $99.01 and last traded at $100.18, with a volume of 268,530 shares trading hands. The stock had previously closed at $99.80.
A number of research firms have recently commented on PTR. Analysts at Zacks downgraded shares of Petrochina from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, November 15th. They now have a $117.00 price target on the stock. Separately, analysts at Barclays initiated coverage on shares of Petrochina in a research note to investors on Tuesday, November 5th. They set an “overweight” rating on the stock. Finally, analysts at Sanford C. Bernstein downgraded shares of Petrochina from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Petrochina presently has an average rating of “Hold” and a consensus target price of $117.00.
Petrochina has a 52 week low of $99.28 and a 52 week high of $144.23. The stock has a 50-day moving average of $107.7 and a 200-day moving average of $113.2. The company has a market cap of $185.6 billion and a price-to-earnings ratio of 9.33.
PetroChina Company Limited is an oil and gas producer and seller in the People’s Republic of China (NYSE:PTR).
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