PetroChina (PTR) Earning Somewhat Favorable News Coverage, Report Finds

News stories about PetroChina (NYSE:PTR) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. PetroChina earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 44.9683722265553 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

PTR has been the topic of several recent research reports. Morgan Stanley raised shares of PetroChina from an “equal weight” rating to an “overweight” rating in a report on Thursday, February 22nd. Zacks Investment Research downgraded shares of PetroChina from a “buy” rating to a “hold” rating in a report on Monday, March 12th. Macquarie raised shares of PetroChina from a “neutral” rating to an “outperform” rating in a report on Monday, March 5th. Nomura initiated coverage on shares of PetroChina in a report on Wednesday, December 6th. They issued a “buy” rating on the stock. Finally, Citigroup raised shares of PetroChina from a “sell” rating to a “buy” rating in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. PetroChina currently has an average rating of “Hold” and a consensus target price of $83.00.

Shares of PTR stock traded up $2.12 during midday trading on Wednesday, reaching $71.25. 80,044 shares of the company were exchanged, compared to its average volume of 138,074. PetroChina has a 12-month low of $60.69 and a 12-month high of $82.33. The stock has a market capitalization of $123,777.09, a P/E ratio of 37.50 and a beta of 1.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.79 and a quick ratio of 0.56.

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About PetroChina

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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