(MENAFN- Investor Brand Network) PetroChina Company Limited (NYSE:PTR) traded at a new 52-week high today of $53.20. Approximately 54,000 shares have changed hands today, as compared to an average 30-day volume of 263,000 shares.
PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. It produces more than 1.6 billion barrels of oil equivalent of oil and gas annually and has more than 1.2 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina’s revenue. State-owned China National Petroleum Corp is PetroChina’s controlling shareholder with a stake of more than 80%.
PetroChina Company Limited share prices have moved between a 52-week high of $53.20 and a 52-week low of $27.68 and are now trading 92% above that low price at $53.14 per share.
Based on a current price of $53.14, PetroChina Company Limited is currently 81.9% above its average consensus analyst price target of $9.64.
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