PetroChina (NYSE:PTR) Lowered to “Neutral” at Macquarie

Macquarie downgraded shares of PetroChina (NYSE:PTR) from an outperform rating to a neutral rating in a research report released on Tuesday, January 9th, Marketbeat.com reports.

Other equities analysts also recently issued reports about the company. Nomura started coverage on PetroChina in a research report on Wednesday, December 6th. They set a buy rating for the company. Zacks Investment Research downgraded PetroChina from a buy rating to a hold rating in a report on Monday, January 8th. Finally, Morgan Stanley downgraded PetroChina from an overweight rating to an equal weight rating in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The company has an average rating of Hold and an average target price of $83.00.

Shares of PetroChina (NYSE PTR) opened at $76.84 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.79 and a quick ratio of 0.56. The stock has a market cap of $140,633.33, a PE ratio of 40.44 and a beta of 1.25. PetroChina has a fifty-two week low of $60.69 and a fifty-two week high of $81.80.

PetroChina (NYSE:PTR) last issued its quarterly earnings results on Monday, October 30th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). PetroChina had a return on equity of 2.08% and a net margin of 1.22%. equities analysts predict that PetroChina will post 3.22 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in PTR. Arrowstreet Capital Limited Partnership purchased a new stake in shares of PetroChina during the second quarter worth approximately $8,506,000. BT Investment Management Ltd purchased a new position in PetroChina in the second quarter worth $6,507,000. Renaissance Technologies LLC raised its position in PetroChina by 18.7% in the second quarter. Renaissance Technologies LLC now owns 396,700 shares of the oil and gas company’s stock worth $24,310,000 after acquiring an additional 62,600 shares in the last quarter. JPMorgan Chase & Co. raised its position in PetroChina by 3,221.6% in the second quarter. JPMorgan Chase & Co. now owns 46,104 shares of the oil and gas company’s stock worth $2,825,000 after acquiring an additional 44,716 shares in the last quarter. Finally, Sei Investments Co. raised its position in PetroChina by 6,949.6% in the third quarter. Sei Investments Co. now owns 33,133 shares of the oil and gas company’s stock worth $2,124,000 after acquiring an additional 32,663 shares in the last quarter. Institutional investors and hedge funds own 0.20% of the company’s stock.

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PetroChina Company Profile

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.

Analyst Recommendations for PetroChina (NYSE:PTR)

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