News coverage about PetroChina (NYSE:PTR) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PetroChina earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 45.8774118339989 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of analysts have issued reports on PTR shares. Citigroup raised PetroChina from a “sell” rating to a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research raised PetroChina from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Tuesday, November 7th. Morgan Stanley downgraded shares of PetroChina from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 2nd. Macquarie downgraded shares of PetroChina from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 9th. Finally, Nomura initiated coverage on shares of PetroChina in a research note on Wednesday, December 6th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $83.00.
Shares of PetroChina (NYSE:PTR) traded down $0.43 on Thursday, hitting $69.43. 39,867 shares of the stock traded hands, compared to its average volume of 162,278. PetroChina has a twelve month low of $60.69 and a twelve month high of $82.33. 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 firm has a market capitalization of $124,344.47, a P/E ratio of 29.67 and a beta of 1.39.
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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