Petrochina Co. PTR Stock Analysis

Petrochina Co. stock trades under the ticker PTR & has remained stable during the last couple of months of market volatility.

PTR stock closed at $50.31/share on 6/16/2022.

Petrochina Co. PTR Stock’s Technical Performance Broken Down

PTR Stock Price: $50.31

10 Day Moving Average: $52.56

50 Day Moving Average: $49.45

200 Day Moving Average: $47.80

RSI: 46.9

MACD: 0.922

Yesterday, PTR stock completed a bearish MACD crossover, trading on about average volume compared to the year prior & gapping down 3.36%.

Their RSI is neutral, signaling that momentum can turn in either direction now, largely dependent on the broader markets.

PTR needs to stay above $50.12, as well as their 50 day moving average at $49.45 support level, else there looks to be more downward price movement to come.

Petrochina Co. PTR Stock As A Long-Term Investment

Long-term oriented investors will like PTR stock’s valuation metrics, with a 6.47 P/E (ttm) & a 0.51 P/B (mrq).

They recently reported 41.2% quarterly revenue growth Y-o-Y, with 40.9% quarterly earnings growth.

Their balance sheet will require a more thorough review before investment, with a reported $194.82B in Total Cash (mrq), and $471.92B of Total Debt (mrq).

PTR stock pays a 6.58% dividend yield, which appears stable in the long-term as their payout ratio is 39%.

2.73% of PTR stock is held by institutional investors.

Petrochina Co. PTR Stock As A Short-Term Trade Using Options

Short-term focused traders can use options to profit from PTR stock’s price movements in any direction, while also hedging against market volatility.

I am looking at the contracts with the 7/15 expiration date.

The $50, $45 & $40 cal options are all in-the-money, with the latter being the most liquid & the former having the lowest levels of open interest.

The $55 puts are the only strike that is currently in-the-money, but as today is an expiration day, there should be more contracts written in the coming days-weeks.

Tying It All Together

PTR stock has many characteristics that traders & investors will find interesting.

Investors will like their valuation metrics & dividend yield, but may want to do further research on their balance sheet before making an investment.

Traders will like their current technical set up, but may be disappointed by their low open interest levels on next month’s options contracts.

Overall, PTR stock is worth taking a closer look into to see how it fits into your portfolio strategy.


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