PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. The Exploration and Production segment engages in the exploration, development, production, and marketing of crude oil and natural gas. The Refining and Chemicals segment refines crude oil and petroleum products; and produces and markets primary petrochemical products, derivative petrochemical products, and other chemical products. The Marketing segment is involved in marketing of refined products and trading business. The Natural Gas and Pipeline segment engages in the transmission of natural gas, crude oil, and refined products; and sale of natural gas. As of December 31, 2021, the company had a total length of 26,076 km, including 17,329 km of natural gas pipelines, 7,340 km of crude oil pipelines, and 1,407 km of refined product pipelines. The company is also involved in the exploration, development, and production of oil sands and coalbed methane; trading of crude oil and petrochemical products; storage, chemical engineering, storage facilities, service station, and transportation facilities and related businesses; and production and sales of basic and derivative chemical, and other chemical products. The company was founded in 1999 and is headquartered in Beijing, the People's Republic of China. PetroChina Company Limited is a subsidiary of China National Petroleum Corporation.
Wall Street Analysts Forecast Growth
Several research firms have commented on PTR. Citigroup upgraded PetroChina from a "sell" rating to a "neutral" rating in a research note on Monday, May 23rd. StockNews.com cut PetroChina from a "buy" rating to a "hold" rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold".
PetroChina Price Performance
PetroChina stock opened at $42.70 on Tuesday. The company has a market capitalization of $78.15 billion, a price-to-earnings ratio of 4.89 and a beta of 0.62. The company has a current ratio of 1.00, a quick ratio of 0.71 and a debt-to-equity ratio of 0.19. PetroChina has a 12 month low of $38.63 and a 12 month high of $57.87. The stock's 50 day moving average is $47.19 and its 200-day moving average is $49.70.