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PetroChina (PTR) Stock Moves -1.7%: What You Should Know

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In the latest trading session, PetroChina (PTR - Free Report) closed at $53.92, marking a -1.7% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.91%. Elsewhere, the Dow lost 2.73%, while the tech-heavy Nasdaq lost 0.25%.

Prior to today's trading, shares of the oil and gas company had gained 15.21% over the past month. This has lagged the Oils-Energy sector's gain of 16.13% and outpaced the S&P 500's gain of 0.84% in that time.

PetroChina will be looking to display strength as it nears its next earnings release.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.16 per share and revenue of $464.89 billion. These totals would mark changes of +44% and +14.66%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for PetroChina. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. PetroChina currently has a Zacks Rank of #2 (Buy).

Looking at its valuation, PetroChina is holding a Forward P/E ratio of 4.92. Its industry sports an average Forward P/E of 5.7, so we one might conclude that PetroChina is trading at a discount comparatively.

The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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