Petrochina Co. stock trades under the ticker PTR & has shown recent bullishness that traders & investors should take a closer look at.
PTR stock opened down 1.39% on the morning 3/28/2022 while writing this.
Petrochina Co. PTR Stock’s Technicals Broken Down
PTR Stock Price: $51.81
10 Day Moving Average: $49.63
50 Day Moving Average: $51.48
200 Day Moving Average: $46.64
RSI:52.6
MACD: -0.309
On Friday, PTR stock completed a bullish MACD crossover, while breaking out above its 50 day moving average.
In 2022, PTR stock has been trading on higher than average volume compared to the year prior.
With ~4% between their 10 & 50 day moving averages, there looks to be additional upwards momentum for Petrochina Co. stock in the near-term.
PTR will need to break above the $52.54, $52.98 & $53.45 price levels of resistance to continue climbing higher.
Petrochina Co. PTR Stock As Long-Term Investment
Long-term oriented investors will find PTR stock’s valuation metrics appealing, as their P/E (ttm) is 7.23 & their P/B (mrq) is 0.48.
PTR stock recent reported Quarterly Revenue Growth Y-o-Y of 37.5%.
Their balance sheet may require a closer examination, as their Total Cash (mrq) is $205.01B, while their Total Debt (mrq) is $507.01B.
PTR stock’s dividend yield is 6.69%, which appears relatively stable with a 48% payout ratio.
Only 2% of PTR stock’s outstanding share float is owned by institutional investors.
Petrochina Co. PTR Stock As A Short-Term Trade Using Options
PTR stock has options that traders can use in the short-term to capitalize on their price movements in any direction.
I am looking at the contracts with the 4/14 expiration date.
The $50 & $55 calls look appealing, although somewhat illiquid with only 300-400 contracts between the two strike prices combined.
The $55 & $60 puts also look interesting, with the latter being the most liquid of the two.
Tying It All Together
Overall, PTR stock has many interesting characteristics that traders & investors may like.
Investors will find their valuation metrics & dividend yield appealing, but may want to do more research into the structure of their balance sheet & debt.
Traders will like their current momentum, but may be disappointed by the liquidity of their options contracts.
PTR stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF PTR STOCK ***