PetroChina (NYSE:PTR) Rating Increased to Strong-Buy at StockNews.com

PetroChina (NYSE:PTRGet Rating) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Separately, Citigroup upgraded PetroChina from a “sell” rating to a “buy” rating in a research report on Thursday, August 25th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

PetroChina Stock Performance

The company has a quick ratio of 0.71, a current ratio of 1.00 and a debt-to-equity ratio of 0.16. PetroChina has a fifty-two week low of $41.48 and a fifty-two week high of $57.87. The business has a fifty day simple moving average of $45.55 and a 200-day simple moving average of $48.95. The firm has a market cap of $85.75 billion, a PE ratio of 4.61 and a beta of 0.61.

Institutional Trading of PetroChina

A number of institutional investors have recently made changes to their positions in PTR. Northwestern Mutual Wealth Management Co. grew its stake in PetroChina by 130.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 581 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 329 shares in the last quarter. Financial Gravity Asset Management Inc. grew its position in shares of PetroChina by 99.7% in the second quarter. Financial Gravity Asset Management Inc. now owns 611 shares of the oil and gas company’s stock valued at $2,481,000 after purchasing an additional 305 shares in the last quarter. Fieldpoint Private Securities LLC increased its holdings in shares of PetroChina by 853.8% in the first quarter. Fieldpoint Private Securities LLC now owns 620 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 555 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new position in PetroChina during the first quarter worth approximately $36,000. Finally, Heritage Wealth Management LLC acquired a new position in PetroChina during the second quarter worth $47,000. 0.26% of the stock is owned by institutional investors and hedge funds.

About PetroChina

(Get Rating)

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

Further Reading

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