Equities research analysts at Nomura assumed coverage on shares of PetroChina (NYSE:PTR) in a research report issued on Wednesday. The brokerage set a “buy” rating on the oil and gas company’s stock.

Several other research analysts have also recently weighed in on the company. Zacks Investment Research cut PetroChina from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. BidaskClub upgraded PetroChina from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.00.

PetroChina (NYSE PTR) traded down $0.03 during mid-day trading on Wednesday, hitting $67.79. The stock had a trading volume of 100,200 shares, compared to its average volume of 100,636. PetroChina has a 52-week low of $60.69 and a 52-week high of $81.80. The company has a quick ratio of 0.56, a current ratio of 0.79 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $124,124.84, a PE ratio of 29.62 and a beta of 1.25.

A number of institutional investors have recently bought and sold shares of PTR. First Trust Advisors LP increased its position in PetroChina by 371.7% during the fourth quarter. First Trust Advisors LP now owns 231,878 shares of the oil and gas company’s stock valued at $15,209,000 after acquiring an additional 182,721 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in PetroChina during the second quarter valued at $8,506,000. BT Investment Management Ltd purchased a new stake in PetroChina during the second quarter valued at $6,507,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in PetroChina during the third quarter valued at $5,861,000. Finally, Emerald Acquisition Ltd. purchased a new stake in PetroChina during the second quarter valued at $5,839,000. Institutional investors own 0.20% of the company’s stock.

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PetroChina 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 (NYSE:PTR)

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