PetroChina (PCCYF) Projected to Post Quarterly Earnings on Wednesday

PetroChina (OTCMKTS:PCCYF) will likely be releasing its resultson Wednesday, April 29th. Analysts expect PetroChina to post earnings of $0.0383 per share and revenue of $113.4759 billion for the quarter.

PetroChina Stock Up 1.1%

OTCMKTS PCCYF opened at $1.33 on Wednesday. PetroChina has a 1 year low of $0.66 and a 1 year high of $1.50. The business’s fifty day moving average is $1.30 and its two-hundred day moving average is $1.15.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised PetroChina to an “outperform” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, PetroChina currently has an average rating of “Buy”.

PetroChina Company Profile

PetroChina Company Limited, traded over-the-counter in the U.S. as PCCYF, serves as the publicly listed arm of China National Petroleum Corporation (CNPC), one of the world’s largest integrated energy companies. Established in 1999 and headquartered in Beijing, PetroChina engages in a full range of activities across the oil and gas value chain. The company is responsible for exploration, development and production of crude oil and natural gas reserves, capitalizing on extensive onshore and offshore assets throughout China.

In its midstream operations, PetroChina develops and manages pipeline networks, storage terminals and liquefied natural gas (LNG) facilities that support the domestic energy grid.