OREANDA-NEWS.  June 25, 2013. Petrochina (NYSE: PTR)‘s stock had its “neutral” rating reiterated by Zacks in a note issued to investors on Thursday, AnalystRatings.Net reports.

They currently have a USD 116.00 price target on the stock. Zacks‘ price objective would suggest a potential upside of 5.17% from the company’s current price.

Zacks‘ analyst wrote, “We are maintaining our Neutral recommendation on PetroChina ADRs, reflecting a balanced risk/reward profile. Going forward, the main growth driver for PetroChina will likely be its leverage to the fast-growing Chinese market and the ever expanding market/resource base. Being one of two Chinese integrated oil companies, PetroChina is well-positioned to capitalize on the country’s favorable trends.

The Beijing-based integrated is also successfully expanding its footprint in strategic locations like Canada and Australia. However, we are concerned about prospects for the company’s oil production growth, considering its heavy exposure to significantly mature-producing areas. Other near-term headwinds include high-priced gas imports amidst low domestic gas sale prices and an ambitious investment program. “