Stock of the Day: What’s PetroChina Company Limited (ADR) Upside After Today’s Huge Increase?

Stock of the Day: What's PetroChina Company Limited (ADR) Upside After Today's Huge Increase?

The stock of PetroChina Company Limited (ADR) (NYSE:PTR) is a huge mover today! About 151,897 shares traded hands or 20.45% up from the average. PetroChina Company Limited (ADR) (NYSE:PTR) has declined 10.61% since April 27, 2016 and is downtrending. It has underperformed by 15.84% the S&P500.
The move comes after 8 months positive chart setup for the $204.15B company. It was reported on Nov, 30 by Barchart.com. We have $74.41 PT which if reached, will make NYSE:PTR worth $10.21 billion more.

Analysts await PetroChina Company Limited (ADR) (NYSE:PTR) to report earnings on March, 22. They expect $0.11 EPS, up 108.94% or $1.34 from last year’s $-1.23 per share. PTR’s profit will be $316.87 million for 161.07 P/E if the $0.11 EPS becomes a reality. After $0.06 actual EPS reported by PetroChina Company Limited (ADR) for the previous quarter, Wall Street now forecasts 83.33% EPS growth.

PetroChina Company Limited (ADR) (NYSE:PTR) Ratings Coverage

Out of 8 analysts covering PetroChina Company Limited (NYSE:PTR), 3 rate it a “Buy”, 3 “Sell”, while 2 “Hold”. This means 38% are positive. PetroChina Company Limited has been the topic of 10 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The firm has “Underweight” rating given on Tuesday, May 10 by Morgan Stanley. The company was downgraded on Thursday, March 10 by HSBC. The rating was upgraded by Mizuho to “Buy” on Monday, March 21. The stock of PetroChina Company Limited (ADR) (NYSE:PTR) has “Buy” rating given on Monday, April 18 by Bank of America. The firm has “Buy” rating by Societe Generale given on Wednesday, October 28. The firm has “Underperform” rating by Credit Suisse given on Wednesday, January 20. The rating was downgraded by JP Morgan on Monday, May 23 to “Neutral”. On Monday, August 31 the stock rating was downgraded by Bank of America to “Neutral”. Zacks upgraded the stock to “Strong Sell” rating in Tuesday, August 25 report. The rating was downgraded by Macquarie Research to “Neutral” on Friday, October 21.

According to Zacks Investment Research, “PETROCHINA ADR is engaged in a broad range of petroleum-related activities, including: the exploration, development and production of crude oil and natural gas; refining, transportation, storage and marketing, including import and export, of crude oil and petroleum products; production and sale of chemical products; and the transmission, marketing and sale of natural gas.”

More news for PetroChina Company Limited (ADR) (NYSE:PTR) were recently published by: Marketwatch.com, which released: “PetroChina Co. Ltd. ADR” on July 10, 2009. Nasdaq.com‘s article titled: “PetroChina Company Limited – ADR (PTR): New Analyst Report from Zacks Equity …” and published on January 31, 2014 is yet another important article.

PTR Company Profile

PetroChina Company Limited, incorporated on November 5, 1999, is an gas and oil producer and distributor. The Company’s divisions are Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Firm is engaged in the exploration, development, production and sale of natural gas and crude oil; the refining of crude oil and petroleum products; the production and sale of basic and derivative chemical products, and other chemical products; the marketing and trading of refined products, the transmission of crude oil, natural gas and refined products, and the sale of natural gas.

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