PetroChina (NYSE:PTR) Earns Neutral Rating from Analysts at The Goldman Sachs Group


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Investment analysts at The Goldman Sachs Group assumed coverage on shares of PetroChina (NYSE:PTR) in a report issued on Sunday, The Fly reports. The brokerage set a “neutral” rating on the oil and gas company’s stock.

Separately, ValuEngine lowered PetroChina from a “buy” rating to a “hold” rating in a research report on Thursday, October 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $38.97.

PTR stock opened at $32.69 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.32. The firm has a market cap of $59.83 billion, a P/E ratio of -33.02, a P/E/G ratio of 262.13 and a beta of 0.86. PetroChina has a 12-month low of $27.67 and a 12-month high of $53.55. The stock’s 50 day simple moving average is $29.75 and its 200 day simple moving average is $33.14.

PetroChina (NYSE:PTR) last posted its quarterly earnings results on Thursday, August 27th. The oil and gas company reported ($1.06) earnings per share (EPS) for the quarter. PetroChina had a negative net margin of 0.56% and a negative return on equity of 0.88%. The firm had revenue of $59.26 billion for the quarter. On average, research analysts forecast that PetroChina will post 0.09 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of PTR. Morgan Stanley increased its holdings in shares of PetroChina by 10.9% during the first quarter. Morgan Stanley now owns 17,669 shares of the oil and gas company’s stock valued at $636,000 after purchasing an additional 1,733 shares during the period. First Trust Advisors LP increased its holdings in shares of PetroChina by 17.4% during the second quarter. First Trust Advisors LP now owns 29,812 shares of the oil and gas company’s stock valued at $986,000 after purchasing an additional 4,414 shares during the period. Comerica Bank increased its holdings in shares of PetroChina by 5.2% during the second quarter. Comerica Bank now owns 10,890 shares of the oil and gas company’s stock valued at $396,000 after purchasing an additional 541 shares during the period. Rosenberg Matthew Hamilton acquired a new position in shares of PetroChina during the second quarter valued at $30,000. Finally, CSat Investment Advisory L.P. acquired a new position in shares of PetroChina during the second quarter valued at $1,891,000. 0.20% of the stock is currently owned by institutional investors.

PetroChina Company Profile

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 company's Exploration and Production segment engages in the exploration, development, production, and marketing of crude oil and natural gas.

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Analyst Recommendations for PetroChina (NYSE:PTR)

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