Somewhat Positive News Coverage Somewhat Unlikely to Impact Sinopec (SNP) Stock Price

Media headlines about Sinopec (NYSE:SNP) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sinopec earned a news impact score of 0.15 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 44.5695104471558 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of Sinopec stock traded down $0.38 during midday trading on Friday, reaching $94.84. The company had a trading volume of 130,058 shares, compared to its average volume of 212,313. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.59. The firm has a market cap of $115,284.00, a P/E ratio of 17.03, a P/E/G ratio of 2.13 and a beta of 1.29. Sinopec has a 1-year low of $69.60 and a 1-year high of $96.43.

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The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, June 21st. Investors of record on Friday, May 25th will be issued a $4.568 dividend. The ex-dividend date is Thursday, May 24th. Sinopec’s dividend payout ratio is currently 63.73%.

SNP has been the subject of several recent analyst reports. Jefferies Group raised shares of Sinopec from a “hold” rating to a “buy” rating in a report on Wednesday, January 17th. Zacks Investment Research raised shares of Sinopec from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Tuesday, April 3rd. HSBC lowered shares of Sinopec from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Nomura raised shares of Sinopec from a “neutral” rating to a “buy” rating in a report on Thursday, March 29th. Finally, ValuEngine raised shares of Sinopec from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $97.00.

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About Sinopec

China Petroleum & Chemical Corporation is a China-based energy and chemical company. The Company’s segments include Exploration and Development segment, Refining segment, Marketing and Distribution segment, Chemicals segment, and Corporate and Others segment. Exploration and Development segment explores and develops oil fields, as well as produces crude oil and natural gas.

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