TheStreet Downgrades Petrochina to Hold (PTR)

Petrochina (NYSE:PTR) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a report released on Friday, Stock Ratings News reports.

The analysts wrote, “PetroChina (PTR) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and generally higher debt management risk.”

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Petrochina in a research note to investors on Tuesday. They now have a $102.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $102.00.

Petrochina (NYSE:PTR) traded up 0.80% during mid-day trading on Friday, hitting $97.745. The stock had a trading volume of 114,248 shares. Petrochina has a 52-week low of $94.75 and a 52-week high of $140.09. The stock has a 50-day moving average of $103. and a 200-day moving average of $111.8. The company has a market cap of $181.8 billion and a price-to-earnings ratio of 9.06.

PetroChina Company Limited is an oil and gas producer and seller in the People’s Republic of China (NYSE:PTR).

(mideasttime.com Feb 7, 2014)