China Petroleum & Chemical (SNP) Upgraded at ValuEngine

China Petroleum & Chemical (NYSE:SNP) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other research analysts have also recently commented on the stock. Nomura started coverage on shares of China Petroleum & Chemical in a research note on Wednesday, December 6th. They set a “neutral” rating for the company. Zacks Investment Research cut shares of China Petroleum & Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $82.00.

China Petroleum & Chemical (NYSE SNP) opened at $76.14 on Wednesday. The company has a market cap of $88,829.95, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.65 and a beta of 1.27. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.61 and a current ratio of 0.97. China Petroleum & Chemical has a one year low of $69.60 and a one year high of $84.88.

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its holdings in shares of China Petroleum & Chemical by 39.9% during the second quarter. State Street Corp now owns 56,287 shares of the oil and gas company’s stock worth $4,424,000 after buying an additional 16,053 shares in the last quarter. Pitcairn Co. acquired a new stake in shares of China Petroleum & Chemical during the third quarter worth approximately $421,000. OxFORD Asset Management LLP increased its holdings in shares of China Petroleum & Chemical by 58.4% during the third quarter. OxFORD Asset Management LLP now owns 47,446 shares of the oil and gas company’s stock worth $3,524,000 after buying an additional 17,499 shares in the last quarter. NorthCoast Asset Management LLC increased its holdings in shares of China Petroleum & Chemical by 248.3% during the third quarter. NorthCoast Asset Management LLC now owns 59,490 shares of the oil and gas company’s stock worth $4,507,000 after buying an additional 42,412 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its holdings in shares of China Petroleum & Chemical by 11.3% during the third quarter. Eqis Capital Management Inc. now owns 15,729 shares of the oil and gas company’s stock worth $1,192,000 after buying an additional 1,592 shares in the last quarter. 0.86% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2018/01/03/china-petroleum-chemical-snp-upgraded-at-valuengine.html.

About China Petroleum & Chemical

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.

Analyst Recommendations for China Petroleum & Chemical (NYSE:SNP)

Receive News & Ratings for China Petroleum & Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Petroleum & Chemical and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply