Analysts who follow PetroChina Company Limited ADR (PTR) on average expect it to increase 13.75% over the next twelve months. Those same analysts give the stock an average rating of Buy.
That average rating earns PetroChina Company Limited ADR an Analyst Ranking of 20, which means it ranks higher than 20 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With PetroChina Company Limited ADR Stock Today?
PetroChina Company Limited ADR (PTR) stock has fallen -4.43% while the S&P 500 has risen 0.18% as of 2:13 PM on Friday, May 22. PTR is lower by -$1.54 from the previous closing price of $34.77 on volume of 90,801 shares. Over the past year the S&P 500 has risen 4.66% while PTR is lower by -40.99%. PTR earned $3.51 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.49.