PetroChina (NYSE:PTR) Receiving Somewhat Positive Press Coverage, Analysis Finds

Headlines about PetroChina (NYSE:PTR) have trended somewhat positive on Saturday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PetroChina earned a news impact score of 0.14 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.7754132253171 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

NYSE PTR traded up $3.73 during trading on Friday, hitting $81.67. The stock had a trading volume of 260,426 shares, compared to its average volume of 131,044. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.55. The company has a market cap of $142.65 billion, a P/E ratio of 45.88 and a beta of 1.43. PetroChina has a twelve month low of $60.69 and a twelve month high of $82.33.

The business also recently disclosed a semiannual dividend, which will be paid on Monday, August 6th. Stockholders of record on Wednesday, June 13th will be paid a $0.3953 dividend. This represents a dividend yield of 1.15%. The ex-dividend date is Tuesday, June 12th. PetroChina’s payout ratio is presently 78.09%.

A number of analysts have issued reports on the company. TheStreet raised PetroChina from a “c” rating to a “b-” rating in a research report on Monday, May 7th. HSBC raised PetroChina from a “hold” rating to a “buy” rating in a research report on Tuesday, May 1st. BNP Paribas raised PetroChina from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. Zacks Investment Research raised PetroChina from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Thursday, March 22nd. Finally, Macquarie raised PetroChina from a “neutral” rating to an “outperform” rating in a research report on Monday, March 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. PetroChina presently has an average rating of “Buy” and a consensus price target of $80.00.

About PetroChina

PetroChina Company Limited, together with its subsidiaries, primarily engages in a range of petroleum related products, services, and activities. 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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