|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||71.11 - 72.15|
|52 Week Range||60.69 - 82.33|
|PE Ratio (TTM)||40.06|
|Forward Dividend & Yield||1.59 (2.25%)|
|1y Target Est||93.25|
Zacks.com featured highlights include: ArcBest, PetroChina, National General, Ingles Markets and Caleres
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China's natural gas production is rising at the fastest pace in four years but that will not be enough to meet the demand for the fuel that has been unleashed through a government programme to raise gas usage in order to clean the country's polluted air. Gas output in China rose to a record 147.4 billion cubic metres (bcm) last year, up 8.5 percent from 2016, data from the National Bureau of Statistics showed. Gas production is forecast to climb by between 6 percent to 8 percent per year through 2020, according to researchers at China National Petroleum Corp.
Moody's Investors Service says that the positive earnings alert for PetroChina Company Limited -- the key listed subsidiary of China National Petroleum Corporation (CNPC, A1 stable) -- is credit positive ...
PetroChina Co. forecast for full-year profit possibly tripling came in below what analysts had expected, raising speculation that the company wrote down assets in the fourth quarter.
After recording its worst annual decline of 10% in 14 years, the U.S. dollar continues its rough patch this year. This is especially true as the ICE dollar index tumbled to the lowest level against the basket of major currencies since January 2015. As such, PowerShares DB US Dollar Bullish Fund (NYSEARCA:UUP) tracking the dollar index, has shed 1.3% so far this year.Source: ©iStock.com/KuzmaTightening Policy
The Zacks Analyst Blog Highlights: PetroChina, SORL Auto, Sinopec Shanghai, Autohome and Noah Holdings
China's economy, which is nearly two-third the size of the United States, might outpace the United States within the next 10 years if the current rate of expansion continues.
Oil and gas stocks are dominating the market's upside on Thursday. PetroChina may produce a new buy point.
PetroChina has nearly doubled the amount of Russian crude being processed at its refinery in Dalian, the company's biggest, since January, as a new supply agreement has come into effect, a senior industry source with direct knowledge of the matter said on Wednesday. The Dalian Petrochemical Corp, located in the northeast port city of Dalian, is expected to process 13 million tonnes, or 260,000 barrels per day (bpd) of Russian pipeline crude this year, up by about 85 to 90 percent from last year's level, the source said. Dalian has the capacity to process about 410,000 bpd of crude.
* PetroChina operates the onshore Jabung block in Jambi, and also operates Tuban block along with state energy company PT Pertamina. * PetroChina is also interested in East Kalimantan block, which is operated by Chevron, and the contract is due to expire this year.