Is there a Bearish outlook for PetroChina Company Limited (NYSE:PTR) this week?

June 11, 2018 - By Paula Hilliard

PetroChina Company Limited (NYSE:PTR) Logo

PetroChina Company Limited (NYSE:PTR) Ratings Coverage

Among 2 analysts covering PetroChina Co (NYSE:PTR), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. PetroChina Co had 2 analyst reports since January 2, 2018 according to SRatingsIntel. As per Tuesday, May 29, the company rating was upgraded by Bernstein. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Tuesday, January 2 report. Below is a list of PetroChina Company Limited (NYSE:PTR) latest ratings and price target changes.

29/05/2018 Broker: Bernstein Old Rating: Market Perform New Rating: Outperform Upgrade
02/01/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Equal-Weight Downgrade

The stock decreased 0.37% or $0.31 during the last trading session, reaching $84.18. About 89,441 shares traded. PetroChina Company Limited (NYSE:PTR) has risen 17.36% since June 11, 2017 and is uptrending. It has outperformed by 4.79% the S&P500.

PetroChina Company Limited, together with its subsidiaries, primarily engages in a range of petroleum related products, services, and activities. The company has market cap of $221.93 billion. It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline divisions. It has a 44.31 P/E ratio. The Exploration and Production segment engages in the exploration, development, production, and marketing of natural gas and crude oil.

More recent PetroChina Company Limited (NYSE:PTR) news were published by: Seekingalpha.com which released: “Petronas buys 25% stake in Shell-led LNG Canada project” on May 31, 2018. Also Seekingalpha.com published the news titled: “LNG Canada committed to starting construction in 2018, CEO says” on May 15, 2018. Seekingalpha.com‘s news article titled: “Iran gives Total just two months to seek US sanctions exemption” with publication date: May 30, 2018 was also an interesting one.

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