Jefferies Maintains a 'Buy' on Petrochina (PTR); Being Patient, But Frustrated
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Price: $122.10 -1.64%
Rating Summary:
4 Buy, 1 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
4 Buy, 1 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade PTR Now!
Jefferies maintains a 'Buy' on Petrochina (NYSE: PTR), PT HK17.
Analyst, Lana Yu, said, "PetroChina's 1H12 net income of Rmb62B missed street ests by 3% and our ests by 8%. Disappointment versus our estimates was largely a result of lower earnings from the pipeline segment, likely caused by overestimating volumes delivered by the WEII Pipeline to Guangdong. Though PetroChina has been a frustrating stock, we believe energy fundamentals demand repricing of natural gas."
For an analyst ratings summary and ratings history on Petrochina click here. For more ratings news on Petrochina click here.
Shares of Petrochina closed at $124.28 yesterday, with a 52 week range of $111.29-$153.35.
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Analyst, Lana Yu, said, "PetroChina's 1H12 net income of Rmb62B missed street ests by 3% and our ests by 8%. Disappointment versus our estimates was largely a result of lower earnings from the pipeline segment, likely caused by overestimating volumes delivered by the WEII Pipeline to Guangdong. Though PetroChina has been a frustrating stock, we believe energy fundamentals demand repricing of natural gas."
For an analyst ratings summary and ratings history on Petrochina click here. For more ratings news on Petrochina click here.
Shares of Petrochina closed at $124.28 yesterday, with a 52 week range of $111.29-$153.35.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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