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Where Does Wall Street Think PetroChina Company Limited ADR (PTR) Stock Will Go?

Friday, January 14, 2022 03:34 PM | InvestorsObserver Analysts

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Where Does Wall Street Think PetroChina Company Limited ADR (PTR) Stock Will Go?

Analysts who follow PetroChina Company Limited ADR (PTR) on average expect it to increase 24.98% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns the stock an Analyst Ranking of 14, which means it ranks higher than 14 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.4
Wall Street analysts are rating PTR a Buy today. Find out what this means to you and get the rest of the rankings on PTR!

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 is up 2.02% while the S&P 500 is lower by -0.06% as of 3:22 PM on Friday, Jan 14. PTR has risen $1.00 from the previous closing price of $49.57 on volume of 104,560 shares. Over the past year the S&P 500 is higher by 22.68% while PTR has risen 48.82%. PTR earned $7.23 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.99. Click Here to get the full Stock Report for PetroChina Company Limited ADR stock.

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