Petrochina Company (PTR) Gets a Buy Rating from Merrill Lynch


In a report released today, Matty Zhao from Merrill Lynch reiterated a Buy rating on Petrochina Company (NYSE: PTR), with a price target of $106. The company’s shares closed on Friday at $77.48.

The the analyst consensus on Petrochina Company is currently a Hold rating.

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Petrochina Company’s market cap is currently $16.35B and has a P/E ratio of 24.01. The company has a Price to Book ratio of 0.74.

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PetroChina Co. Ltd. engages in the petroleum related products, services and activities. It operates through the following business segments: Exploration and Production; Refining and Chemicals; Marketing; Natural Gas and Pipeline; and Head Office and Other.

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