PetroChina (PTR) Earning Somewhat Positive Media Coverage, Report Shows

News headlines about PetroChina (NYSE:PTR) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. 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 coverage optimism score of 0.08 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 46.7353170625197 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s analysis:

PetroChina (PTR) traded down $0.71 during midday trading on Monday, reaching $68.39. 117,700 shares of the company were exchanged, compared to its average volume of 101,122. The company has a market capitalization of $125,168.05, a PE ratio of 29.86 and a beta of 1.25. PetroChina has a twelve month low of $60.69 and a twelve month 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.

A number of analysts recently weighed in on PTR shares. Zacks Investment Research raised shares of PetroChina from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Tuesday, November 7th. BidaskClub raised shares of PetroChina from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Nomura started coverage on shares of PetroChina in a research note on Wednesday, December 6th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $76.00.

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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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