Macquarie cut shares of PetroChina (NYSE:PTR) from an outperform rating to a neutral rating in a research report released on Tuesday, Marketbeat Ratings reports.
Other equities analysts also recently issued reports about the company. Nomura assumed coverage on PetroChina in a research note on Wednesday, December 6th. They issued a buy rating for the company. Zacks Investment Research downgraded PetroChina from a buy rating to a hold rating in a research note on Monday, January 8th. Finally, Morgan Stanley downgraded PetroChina from an overweight rating to an equal weight rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. PetroChina presently has a consensus rating of Hold and a consensus price target of $83.00.
PetroChina (PTR) opened at $76.84 on Tuesday. PetroChina has a one year low of $60.69 and a one year high of $81.80. The firm has a market capitalization of $236,000.00, a P/E ratio of 39.01 and a beta of 1.27. The company has a quick ratio of 0.56, a current ratio of 0.79 and a debt-to-equity ratio of 0.22.
Large investors have recently made changes to their positions in the business. SG Americas Securities LLC grew its holdings in PetroChina by 7.5% during the 2nd quarter. SG Americas Securities LLC now owns 2,031 shares of the oil and gas company’s stock valued at $124,000 after buying an additional 142 shares during the last quarter. Jane Street Group LLC acquired a new stake in PetroChina during the 3rd quarter valued at $201,000. BNP Paribas Arbitrage SA grew its holdings in PetroChina by 14.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,435 shares of the oil and gas company’s stock valued at $210,000 after buying an additional 446 shares during the last quarter. Trexquant Investment LP acquired a new stake in PetroChina during the 3rd quarter valued at $284,000. Finally, Bank of New York Mellon Corp grew its holdings in PetroChina by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,617 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 317 shares during the last quarter. Hedge funds and other institutional investors own 0.20% of the company’s stock.
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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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