China Petroleum & Chemical (SNP) Stock Rating Upgraded by ValuEngine

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

A number of other research firms have also recently weighed in on SNP. Nomura started coverage on shares of China Petroleum & Chemical in a research note on Wednesday, December 6th. They issued a “neutral” rating on the stock. Zacks Investment Research cut shares of China Petroleum & Chemical from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $82.00.

China Petroleum & Chemical (SNP) traded up $2.24 during midday trading on Wednesday, reaching $78.90. 147,400 shares of the company were exchanged, compared to its average volume of 147,100. The company has a market capitalization of $92,813.19, a PE ratio of 11.79, a P/E/G ratio of 1.71 and a beta of 1.27. China Petroleum & Chemical has a twelve month low of $69.60 and a twelve month high of $84.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.61 and a current ratio of 0.97.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd bought a new stake in China Petroleum & Chemical in the third quarter valued at about $218,000. PNC Financial Services Group Inc. grew its stake in China Petroleum & Chemical by 3.2% during the second quarter. PNC Financial Services Group Inc. now owns 3,078 shares of the oil and gas company’s stock worth $241,000 after buying an additional 95 shares during the last quarter. Quantbot Technologies LP grew its stake in China Petroleum & Chemical by 1,393.7% during the second quarter. Quantbot Technologies LP now owns 3,570 shares of the oil and gas company’s stock worth $280,000 after buying an additional 3,331 shares during the last quarter. Eagle Asset Management Inc. grew its stake in China Petroleum & Chemical by 10.8% during the second quarter. Eagle Asset Management Inc. now owns 3,992 shares of the oil and gas company’s stock worth $313,000 after buying an additional 389 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in China Petroleum & Chemical by 19.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,505 shares of the oil and gas company’s stock worth $354,000 after buying an additional 726 shares during the last quarter. 0.86% of the stock is currently owned by institutional investors and hedge funds.

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China Petroleum & Chemical Company Profile

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)

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