Investors Purchase High Volume of PetroChina Call Options (NYSE:PTR)
PetroChina Company Limited (NYSE:PTR) was the recipient of some unusual options trading on Thursday. Traders acquired 3,263 call options on the company. This is an increase of 3,608% compared to the typical daily volume of 88 call options.
NYSE PTR traded up $0.32 during trading hours on Friday, reaching $53.08. The company’s stock had a trading volume of 109,836 shares, compared to its average volume of 92,468. The firm’s 50-day moving average price is $50.38 and its 200-day moving average price is $57.98. The company has a quick ratio of 0.51, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. PetroChina has a 1 year low of $47.65 and a 1 year high of $83.24. The company has a market capitalization of $96.56 billion, a price-to-earnings ratio of 12.34 and a beta of 1.18.
PTR has been the topic of a number of analyst reports. Zacks Investment Research raised PetroChina from a “strong sell” rating to a “hold” rating and set a $47.00 price objective on the stock in a research report on Monday, June 3rd. HSBC cut PetroChina from a “hold” rating to a “reduce” rating in a research report on Wednesday. Credit Suisse Group cut PetroChina from a “neutral” rating to an “underperform” rating in a research report on Monday, June 3rd. Citigroup raised PetroChina from a “neutral” rating to a “buy” rating and set a $57.45 price objective on the stock in a research report on Friday, May 24th. Finally, Daiwa Capital Markets assumed coverage on PetroChina in a research report on Monday, July 8th. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $71.11.
PetroChina Company Profile
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.
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