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PetroChina Company Limited (ADR) (NYSE:PTR) has been upgraded to Outperform in a statement by Macquarie today.

Macquarie has upgraded PetroChina Company Limited (ADR) (NYSE:PTR) to Outperform in a statement released on 09/21/2016.

Having a price of $64.93, PetroChina Company Limited (ADR) (NYSE:PTR) traded 2.53% higher on the day. With the last close down -3.76% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. PTR has recorded a 50-day moving average of $67.18 and a 200-day moving average of $68.25. Volume of trade was up over the average, with 175,024 shares of PTR changing hands over the typical 109,844

Performance Chart

PetroChina Company Limited (ADR) (NYSE:PTR)

PetroChina Company Limited (ADR) has a 52 week low of $52.30 and a 52 week high of $84.05 with a P/E ratio of 82.10 The company’s market cap is currently $0.

In addition to Macquarie reporting its target price, a total of 3 firms have reported on the stock. The consensus target price is $84.31 with 0 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About PetroChina Company Limited (ADR) (NYSE:PTR)

PetroChina Company Limited is an oil and gas producer and distributor. The Company's segments are Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Company's Exploration and Production segment is engaged in the exploration, development, production and marketing of crude oil and natural gas. The Company's Refining and Chemicals segment is engaged in the refining of crude oil and petroleum products, production and marketing of primary petrochemical products, and derivative petrochemical products and other chemical products. The Company's Marketing segment is engaged in the marketing of refined products and trading business. The Company's Natural Gas and Pipeline segment is engaged in the transmission of natural gas, crude oil and refined products and the sale of natural gas.

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