PetroChina Company Limited (NYSE:PTR) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday.

PTR has been the subject of several other research reports. Macquarie raised PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 2nd. Morgan Stanley raised PetroChina Company Limited from an “equal weight” rating to an “overweight” rating in a report on Monday, July 31st. Sanford C. Bernstein downgraded PetroChina Company Limited from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Credit Suisse Group raised PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a report on Wednesday, July 5th. Finally, Mizuho downgraded PetroChina Company Limited from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold”.

Shares of PetroChina Company Limited (NYSE:PTR) traded up 0.61% during mid-day trading on Friday, hitting $61.31. 214,778 shares of the stock were exchanged. PetroChina Company Limited has a 12-month low of $60.69 and a 12-month high of $81.80. The firm has a 50-day moving average price of $62.95 and a 200 day moving average price of $69.35. The company has a market capitalization of $116.51 billion, a PE ratio of 29.20 and a beta of 1.18.

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A number of large investors have recently made changes to their positions in the stock. Parkwood LLC acquired a new stake in shares of PetroChina Company Limited during the first quarter valued at about $536,000. Karp Capital Management Corp acquired a new stake in shares of PetroChina Company Limited during the first quarter valued at about $2,411,000. World Asset Management Inc increased its stake in shares of PetroChina Company Limited by 1.7% in the first quarter. World Asset Management Inc now owns 13,142 shares of the oil and gas company’s stock valued at $963,000 after buying an additional 215 shares in the last quarter. Comerica Bank increased its stake in shares of PetroChina Company Limited by 1.3% in the first quarter. Comerica Bank now owns 12,147 shares of the oil and gas company’s stock valued at $856,000 after buying an additional 157 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of PetroChina Company Limited by 6.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,989 shares of the oil and gas company’s stock valued at $219,000 after buying an additional 171 shares in the last quarter. 0.20% of the stock is owned by institutional investors and hedge funds.

PetroChina Company Limited Company Profile

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.

Analyst Recommendations for PetroChina Company Limited (NYSE:PTR)

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