Goldman Sachs Group upgraded shares of PetroChina (NYSE:PTR) from a neutral rating to a buy rating in a research note released on Tuesday, BenzingaRatingsTable reports. The firm currently has $74.00 price objective on the oil and gas company’s stock.
Several other research analysts also recently weighed in on PTR. ValuEngine upgraded PetroChina from a sell rating to a hold rating in a research note on Wednesday, March 20th. Zacks Investment Research upgraded PetroChina from a strong sell rating to a hold rating in a research note on Friday, March 22nd. Finally, JPMorgan Chase & Co. reiterated a buy rating on shares of PetroChina in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $87.42.
PTR stock opened at $58.07 on Tuesday. PetroChina has a 1-year low of $57.49 and a 1-year high of $85.02. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $107.80 billion, a price-to-earnings ratio of 13.21 and a beta of 1.21.
Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of PetroChina by 53.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,384 shares of the oil and gas company’s stock valued at $86,000 after acquiring an additional 485 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in PetroChina during the 3rd quarter valued at $179,000. Segantii Capital Management Ltd purchased a new stake in PetroChina during the 4th quarter valued at $2,186,000. Canada Pension Plan Investment Board purchased a new stake in PetroChina during the 4th quarter valued at $1,225,000. Finally, NINE MASTS CAPITAL Ltd purchased a new stake in PetroChina during the 4th quarter valued at $142,000. Hedge funds and other institutional investors own 0.24% of the company’s stock.
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.
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