Somewhat Favorable Press Coverage Somewhat Unlikely to Impact PetroChina (PTR) Share Price

Media coverage about PetroChina (NYSE:PTR) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PetroChina earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.9777882021784 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of research analysts recently issued reports on the company. Morgan Stanley lowered PetroChina from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 2nd. Nomura assumed coverage on PetroChina in a report on Wednesday, December 6th. They issued a “buy” rating for the company. Finally, Zacks Investment Research upgraded PetroChina from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $76.00.

PetroChina (PTR) traded down $0.42 during trading on Friday, reaching $74.50. The company’s stock had a trading volume of 125,755 shares, compared to its average volume of 83,821. PetroChina has a one year low of $60.69 and a one year high of $81.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.56 and a current ratio of 0.79. The firm has a market capitalization of $136,350.64, a PE ratio of 39.21 and a beta of 1.25.

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PetroChina Company Profile

PetroChina Company Limited is a China-based company principally engaged in the production and distribution of oil and gas. The Company mainly operates through four business segments. The Exploration and Production segment is principally engaged in the exploration, development, production and sales of crude oil and natural gas.

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