Daiwa Capital Markets Initiates Coverage on PetroChina (NYSE:PTR)

Daiwa Capital Markets began coverage on shares of PetroChina (NYSE:PTR) in a research report sent to investors on Monday, Briefing.com Automated Import reports. The brokerage issued an outperform rating on the oil and gas company’s stock.

Several other research analysts have also recently weighed in on PTR. TheStreet cut Trinseo from a b- rating to a c+ rating in a research report on Friday, May 17th. Credit Suisse Group cut their price objective on FOX from $51.00 to $45.00 and set an outperform rating on the stock in a research report on Monday, June 3rd. ValuEngine cut ENN ENERGY HOLD/ADR from a buy rating to a hold rating in a research report on Tuesday, March 26th. Goldman Sachs Group cut E.ON SE Sponsored ADR (Germany) from a buy rating to a neutral rating in a research report on Tuesday, May 14th. Finally, Citigroup set a $27.00 price objective on PhaseBio Pharmaceuticals and gave the stock a buy rating in a research report on Friday, May 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $71.11.

Shares of NYSE:PTR opened at $54.85 on Monday. The stock has a market capitalization of $99.84 billion, a PE ratio of 12.69 and a beta of 1.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.58 and a current ratio of 0.88. PetroChina has a 12-month low of $53.86 and a 12-month high of $83.24. The firm’s 50 day moving average is $55.47.

PetroChina (NYSE:PTR) last announced its earnings results on Monday, April 29th. The oil and gas company reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $95.38 billion for the quarter. PetroChina had a return on equity of 3.72% and a net margin of 2.20%. As a group, analysts anticipate that PetroChina will post 4.38 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its position in PetroChina by 53.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,384 shares of the oil and gas company’s stock worth $86,000 after purchasing an additional 485 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in shares of PetroChina during the 4th quarter valued at $142,000. Lindbrook Capital LLC lifted its position in shares of PetroChina by 225.6% during the 1st quarter. Lindbrook Capital LLC now owns 407 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 282 shares during the last quarter. OLD Mission Capital LLC purchased a new position in shares of PetroChina during the 4th quarter valued at $2,571,000. Finally, Two Sigma Advisers LP lifted its position in shares of PetroChina by 46.3% during the 4th quarter. Two Sigma Advisers LP now owns 52,800 shares of the oil and gas company’s stock valued at $3,250,000 after buying an additional 16,700 shares during the last quarter. 0.23% of the stock is currently owned by institutional investors and hedge funds.

PetroChina Company Profile

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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Analyst Recommendations for PetroChina (NYSE:PTR)

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