Is PetroChina Company Limited ADR (PTR) a Stock to Watch After Losing 0.00% This Week?

Friday, August 26, 2022 01:03 PM | InvestorsObserver Analysts

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Is PetroChina Company Limited ADR (PTR) a Stock to Watch After Losing 0.00% This Week?

The market has been high on PetroChina Company Limited ADR (PTR) stock recently. PTR gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

PetroChina Company Limited ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PTR!

See Full PTR Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PTR Stock Today?

PetroChina Company Limited ADR (PTR) stock is trading at $47.53 as of 12:58 PM on Friday, Aug 26, a drop of -$0.04, or -0.08% from the previous closing price of $47.57. Volume today is 208,795 compared to average volume of 253,926. The stock has traded between $47.26 and $48.40 so far today.

More About PetroChina Company Limited ADR

PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2021, it produced more than 1.6 billion barrels of oil equivalent of oil and gas, and had more than 1.4 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%. Click Here to get the full Stock Report for PetroChina Company Limited ADR stock.