PetroChina Ltd. (PTR) Sees Unusually-High Trading Volume
PetroChina Ltd. (NYSE:PTR) shares saw an uptick in trading volume on Tuesday . 167,116 shares changed hands during trading, an increase of 69% from the previous session’s volume of 98,832 shares.The stock last traded at $68.71 and had previously closed at $68.20.
Several brokerages have recently weighed in on PTR. Zacks Investment Research cut PetroChina from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Macquarie cut PetroChina from an “outperform” rating to a “neutral” rating in a report on Monday, July 25th. Morgan Stanley cut PetroChina from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 10th. JPMorgan Chase & Co. cut PetroChina from an “overweight” rating to a “neutral” rating in a report on Monday, May 23rd. Finally, Bank of America Corp. upgraded PetroChina from a “neutral” rating to a “buy” rating in a report on Monday, April 18th. Four analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.
The stock has a market cap of $118.64 billion and a PE ratio of 52.96. The company’s 50 day moving average is $68.16 and its 200-day moving average is $67.18.
A hedge fund recently raised its stake in PetroChina stock. Bank of Montreal Can increased its position in shares of PetroChina Ltd. (NYSE:PTR) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,733 shares of the company’s stock after buying an additional 1,898 shares during the period. Bank of Montreal Can’s holdings in PetroChina were worth $2,016,000 as of its most recent SEC filing.
PetroChina Company Limited is an oil and gas producer and distributor. The Company’s segments are Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Company’s Exploration and Production segment is engaged in the exploration, development, production and marketing of crude oil and natural gas.
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