Jefferies Group Downgrades PetroChina to Hold
OREANDA-NEWS. December 19, 2014. PetroChina Company Limited was downgraded by equities researchers at Jefferies Group from a “buy” rating to a “hold” rating in a research report issued.
PTR has been the subject of a number of other recent research reports. Analysts at Societe Generale downgraded shares of PetroChina Company Limited from a “hold” rating to a “sell” rating in a research note on Friday, October 10th. Analysts at Zacks upgraded shares of PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 25th.
They now have a USD162.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of USD 162.00.
PetroChina Company Limited opened at 102.98. PetroChina Company Limited has a 52 week low of USD 94.75 and a 52 week high of USD 150.80. The stock has a 50-day moving average of USD 115.1 and a 200-day moving average of USD 126.8. The company has a market cap of USD 188.5 billion and a P/E ratio of 9.19.
PetroChina Company Limited last announced its earnings results on Monday, November 3rd. The company reported USD 2.52 earnings per share (EPS) for the quarter, missing the consensus estimate of USD 3.09 by USD 0.57. On average, analysts predict that PetroChina Company Limited will post USD 12.06 earnings per share for the current fiscal year.
PetroChina Company Limited is mainly engaged in the production and sale of oil and gas related products.
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