Petrochina Lowered to “Underperform” at Credit Suisse (PTR)

Petrochina was downgraded by stock analysts at Credit Suisse from an “outperform” rating to an “underperform” rating in a report issued on Thursday, ARN reports.

A number of other analysts have also recently weighed in on PTR. Analysts at Sanford C. Bernstein upgraded shares of Petrochina from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, July 8th. Separately, analysts at BNP Paribas upgraded shares of Petrochina from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 2nd. Finally, analysts at HSBC upgraded shares of Petrochina from an “underweight” rating to an “overweight” rating in a research note to investors on Tuesday, July 2nd.

One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $116.00.

Petrochina (NYSE:PTR) opened at 119.54 on Thursday. Petrochina has a 1-year low of $99.28 and a 1-year high of $146.68. The stock’s 50-day moving average is currently $116.0. The company has a market cap of $215.3 billion and a price-to-earnings ratio of 12.07.

PetroChina Company Limited is an oil and gas producer and seller in the People’s Republic of China .

(mideasttime.com, edited by Topco)