China Petroleum & Chemical (SNPMF) Expected to Announce Quarterly Earnings on Thursday

China Petroleum & Chemical (OTCMKTS:SNPMF) is expected to announce its resultson Thursday, March 19th. Analysts expect the company to announce earnings of $0.0057 per share and revenue of $91.7246 billion for the quarter.

China Petroleum & Chemical Stock Performance

Shares of China Petroleum & Chemical stock opened at $0.62 on Tuesday. The business has a fifty day simple moving average of $0.65 and a 200-day simple moving average of $0.58. China Petroleum & Chemical has a fifty-two week low of $0.46 and a fifty-two week high of $0.72.

Analyst Ratings Changes

Separately, Sanford C. Bernstein downgraded shares of China Petroleum & Chemical to an “underperform” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, China Petroleum & Chemical currently has an average rating of “Sell”.

About China Petroleum & Chemical

China Petroleum & Chemical Corporation (OTCMKTS: SNPMF), commonly known as Sinopec, is one of China’s largest integrated energy and chemical companies. Established in 1998 and headquartered in Beijing, Sinopec operates across the full hydrocarbon value chain, encompassing exploration and production of crude oil and natural gas, refining, marketing and distribution of petroleum products, as well as the manufacture of a broad array of petrochemicals. The company manages extensive refining facilities, petrochemical complexes and a nationwide retail network of service stations.

On the upstream side, Sinopec engages in onshore and offshore exploration and production activities through joint ventures and wholly owned subsidiaries.