China Petroleum & Chemical (SNP) Cut to Neutral at Credit Suisse Group

Credit Suisse Group cut shares of China Petroleum & Chemical (NYSE:SNP) from an outperform rating to a neutral rating in a research report released on Thursday, The Fly reports.

Several other research firms have also issued reports on SNP. ValuEngine lowered China Petroleum & Chemical from a buy rating to a hold rating in a research note on Wednesday, October 3rd. Zacks Investment Research lowered China Petroleum & Chemical from a buy rating to a hold rating in a research note on Wednesday, November 21st. Finally, Citigroup lowered China Petroleum & Chemical from a neutral rating to a sell rating in a research note on Friday, January 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $94.00.

Shares of SNP stock traded up $0.09 on Thursday, hitting $77.63. The stock had a trading volume of 155,500 shares, compared to its average volume of 270,850. China Petroleum & Chemical has a one year low of $69.02 and a one year high of $105.61. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.64. The company has a market capitalization of $93.78 billion, a P/E ratio of 13.94, a PEG ratio of 0.97 and a beta of 1.56.



China Petroleum & Chemical (NYSE:SNP) last posted its earnings results on Tuesday, October 30th. The oil and gas company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.18). China Petroleum & Chemical had a net margin of 2.88% and a return on equity of 8.18%. The company had revenue of $113.57 billion during the quarter. On average, analysts anticipate that China Petroleum & Chemical will post 9.22 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC grew its stake in shares of China Petroleum & Chemical by 43.6% during the second quarter. Signaturefd LLC now owns 1,913 shares of the oil and gas company’s stock worth $172,000 after acquiring an additional 581 shares during the last quarter. Raymond James & Associates grew its stake in shares of China Petroleum & Chemical by 6.1% during the second quarter. Raymond James & Associates now owns 11,458 shares of the oil and gas company’s stock worth $1,029,000 after acquiring an additional 654 shares during the last quarter. Wetherby Asset Management Inc. grew its stake in shares of China Petroleum & Chemical by 27.2% during the third quarter. Wetherby Asset Management Inc. now owns 3,345 shares of the oil and gas company’s stock worth $336,000 after acquiring an additional 716 shares during the last quarter. FMR LLC grew its stake in shares of China Petroleum & Chemical by 1.3% during the third quarter. FMR LLC now owns 58,071 shares of the oil and gas company’s stock worth $5,832,000 after acquiring an additional 771 shares during the last quarter. Finally, Comerica Bank grew its stake in shares of China Petroleum & Chemical by 5.5% during the third quarter. Comerica Bank now owns 14,931 shares of the oil and gas company’s stock worth $1,196,000 after acquiring an additional 779 shares during the last quarter. Institutional investors own 1.01% of the company’s stock.

China Petroleum & Chemical Company Profile

China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses 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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