PetroChina (PTR) Receives New Coverage from Analysts at Nomura
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.
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.
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