China Petroleum & Chemical (NYSE:SNP) Stock Rating Lowered by StockNews.com

China Petroleum & Chemical (NYSE:SNPGet Rating) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other research firms have also issued reports on SNP. Citigroup lowered China Petroleum & Chemical from a “buy” rating to a “sell” rating in a research report on Monday, May 23rd. The Goldman Sachs Group lowered China Petroleum & Chemical from a “neutral” rating to a “sell” rating and set a $41.09 price target for the company. in a research report on Sunday.

NYSE:SNP traded up $0.20 during midday trading on Thursday, reaching $43.55. 234,893 shares of the company traded hands, compared to its average volume of 175,029. China Petroleum & Chemical has a twelve month low of $40.60 and a twelve month high of $55.03. The firm has a market capitalization of $52.73 billion, a price-to-earnings ratio of 4.48, a price-to-earnings-growth ratio of 1.35 and a beta of 0.71. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.93 and a quick ratio of 0.53. The company has a fifty day moving average price of $49.35 and a 200 day moving average price of $49.48.

China Petroleum & Chemical (NYSE:SNPGet Rating) last released its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.95 earnings per share (EPS) for the quarter. China Petroleum & Chemical had a return on equity of 8.23% and a net margin of 2.58%. The business had revenue of $121.52 billion during the quarter. On average, equities research analysts forecast that China Petroleum & Chemical will post 10.1 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in SNP. Fieldpoint Private Securities LLC lifted its holdings in shares of China Petroleum & Chemical by 86.7% in the first quarter. Fieldpoint Private Securities LLC now owns 700 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 325 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of China Petroleum & Chemical by 47.5% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,242 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 400 shares during the period. SG Americas Securities LLC acquired a new stake in shares of China Petroleum & Chemical in the first quarter valued at $179,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of China Petroleum & Chemical by 38.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,719 shares of the oil and gas company’s stock valued at $184,000 after buying an additional 1,024 shares during the period. Finally, Comerica Bank lifted its holdings in shares of China Petroleum & Chemical by 12.2% in the first quarter. Comerica Bank now owns 4,477 shares of the oil and gas company’s stock valued at $226,000 after buying an additional 487 shares during the period. Institutional investors and hedge funds own 0.56% of the company’s stock.

China Petroleum & Chemical Company Profile (Get Rating)

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

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