Is PetroChina Company Limited ADR (PTR) Stock a Good Buy on Tuesday?

Tuesday, June 30, 2020 4:07 PM | InvestorsObserver Analysts

PetroChina Company Limited ADR (PTR) stock has fallen 4.89% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bearish
PetroChina Company Limited ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PTR!

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.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With PTR Stock Today?

PetroChina Company Limited ADR (PTR) stock is lower by -0.81% while the S&P 500 is flat 0% as of 4:00 PM on Tuesday, Jun 30. PTR is down -$0.27 from the previous closing price of $33.34 on volume of 154,049 shares. Over the past year the S&P 500 has risen 3.00% while PTR is down -40.60%. PTR earned $1.48 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 22.39.

To screen for more stocks like PetroChina Company Limited ADR click here.

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, with an expansive pipeline network that supplies more than 75% of China's natural gas demand. It produces more than 1.4 billion barrels of oil equivalent of oil and gas annually and has more than 1.2 billion barrels of annual crude oil primary distillation capacity and roughly 21,000 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%.

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