Other equities research analysts also recently issued research reports about the company. HSBC upgraded PetroChina from a “hold” rating to a “buy” rating in a report on Thursday, May 6th. Morgan Stanley increased their price objective on PetroChina from $4.13 to $4.35 and gave the stock an “overweight” rating in a report on Tuesday, May 11th. Finally, The Goldman Sachs Group raised their price target on PetroChina from $63.00 to $68.00 and gave the company a “conviction-buy” rating in a report on Thursday, May 27th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $36.12.
PetroChina stock traded up $0.76 during trading on Thursday, hitting $46.84. 17,584 shares of the company were exchanged, compared to its average volume of 189,162. The firm has a 50 day simple moving average of $39.60. PetroChina has a 52 week low of $27.67 and a 52 week high of $46.40. The company has a market capitalization of $85.73 billion, a P/E ratio of 9.15, a P/E/G ratio of 0.21 and a beta of 0.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.96 and a quick ratio of 0.67.
PetroChina (NYSE:PTR) last announced its quarterly earnings results on Thursday, April 29th. The oil and gas company reported $2.33 earnings per share (EPS) for the quarter. PetroChina had a return on equity of 4.69% and a net margin of 3.23%. The business had revenue of $85.12 billion during the quarter. Equities analysts expect that PetroChina will post 5.4 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PTR. Aperio Group LLC raised its stake in PetroChina by 21.5% during the fourth quarter. Aperio Group LLC now owns 78,609 shares of the oil and gas company’s stock valued at $2,415,000 after buying an additional 13,892 shares during the last quarter. Toroso Investments LLC bought a new stake in shares of PetroChina in the 4th quarter worth $3,927,000. Tradewinds Capital Management LLC increased its holdings in shares of PetroChina by 86.3% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,211 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 561 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of PetroChina by 2.2% in the 4th quarter. JPMorgan Chase & Co. now owns 26,571 shares of the oil and gas company’s stock worth $817,000 after purchasing an additional 584 shares in the last quarter. Finally, Cannell Peter B & Co. Inc. bought a new stake in shares of PetroChina in the 1st quarter worth $618,000. Institutional investors own 0.24% of the company’s stock.
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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Who knew that something so tiny could create such a big problem? However, that’s the case with the semiconductor industry. Chip manufacturers are facing supply chain disruptions due to the Covid-19 pandemic.
Semiconductors are in high demand for the big tech companies who need the chips to power the servers for their data centers. But they are also needed for much of the technology we take for granted including laptops, tablets, mobile phones, gaming consoles, and automobiles – a sector that seems to be at the root of the current crisis.
Any weekend mechanic knows that even traditional internal combustion cars are heavily reliant on electronics. In fact, electronic parts and components account for 40% of a new, internal combustion vehicle. That’s more than doubled since 2000.
However as it turns out, some manufacturers may have overestimated how soon consumers would be ready for an “all-electric” future. And that meant that they didn’t forecast how much demand there would be for the kind of chips needed to do the mundane, but vital tasks of steering, braking, and even powering windows up and down.
Part of the problem is that U.S. businesses are heavily reliant on countries like China and Taiwan for their semiconductors. In fact, only about 12.5% of semiconductor manufacturing is done in the United States.
Of course, this creates a tremendous opportunity for the companies that manufacture these chips. And it comes at a good time. The semiconductor sector is notoriously cyclical and was coming down from the elevated demand for the 5G buildout.
In this special presentation, we’ll give you a list of seven semiconductor companies that you can invest in to take advantage of this opportunity.
View the “7 Semiconductor Stocks Set to Gain From the Chip Shortage”.