China Petroleum & Chemical Corp (NYSE:SNP) Given Consensus Recommendation of “Hold” by Analysts

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China Petroleum & Chemical Corp (NYSE:SNP) has been given an average recommendation of “Hold” by the seven brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company.

Separately, Credit Suisse Group raised shares of China Petroleum & Chemical from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 10th.

NYSE SNP traded down $0.45 on Monday, hitting $56.60. 166,601 shares of the stock were exchanged, compared to its average volume of 172,469. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.55. The business’s fifty day moving average is $58.73 and its 200 day moving average is $63.89. China Petroleum & Chemical has a 52 week low of $56.28 and a 52 week high of $88.70. The company has a market capitalization of $71.10 billion, a PE ratio of 7.92, a P/E/G ratio of 4.16 and a beta of 1.48.

China Petroleum & Chemical (NYSE:SNP) last posted its quarterly earnings results on Wednesday, August 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.17 by ($0.23). China Petroleum & Chemical had a return on equity of 7.41% and a net margin of 1.53%. The firm had revenue of $114.56 billion for the quarter. Analysts predict that China Petroleum & Chemical will post 6.39 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of SNP. Wetherby Asset Management Inc. grew its stake in China Petroleum & Chemical by 8.2% during the second quarter. Wetherby Asset Management Inc. now owns 3,530 shares of the oil and gas company’s stock worth $241,000 after buying an additional 269 shares in the last quarter. Alps Advisors Inc. grew its stake in China Petroleum & Chemical by 3.1% in the third quarter. Alps Advisors Inc. now owns 10,084 shares of the oil and gas company’s stock worth $592,000 after purchasing an additional 302 shares during the period. Eqis Capital Management Inc. grew its stake in China Petroleum & Chemical by 6.1% in the third quarter. Eqis Capital Management Inc. now owns 5,836 shares of the oil and gas company’s stock worth $343,000 after purchasing an additional 336 shares during the period. Wedbush Securities Inc. grew its stake in China Petroleum & Chemical by 4.4% in the third quarter. Wedbush Securities Inc. now owns 8,695 shares of the oil and gas company’s stock worth $510,000 after purchasing an additional 366 shares during the period. Finally, BTC Capital Management Inc. grew its stake in China Petroleum & Chemical by 9.8% in the third quarter. BTC Capital Management Inc. now owns 5,674 shares of the oil and gas company’s stock worth $335,000 after purchasing an additional 506 shares during the period. 0.97% of the stock is currently owned by hedge funds and other institutional investors.

About China Petroleum & Chemical

China Petroleum & Chemical Corporation, an energy and chemical company, engages in oil and gas, and chemical operations in the People's Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.

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