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China Petroleum & Chemical Corp (NYSE:SNP)’s share price reached a new 52-week high during mid-day trading on Friday , Analyst Ratings Net reports. The stock traded as high as $96.05 and last traded at $95.89, with a volume of 67,259 shares changing hands. The stock had previously closed at $93.84.

SNP has been the subject of a number of recent research reports. Analysts at BofA Merrill Lynch upgraded shares of China Petroleum & Chemical Corp from an “underperform” rating to a “neutral” rating in a research note on Saturday, May 17th. They now have a $100.47 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $91.24.

The stock’s 50-day moving average is $90.54 and its 200-day moving average is $85.53. The company has a market cap of $111.9 billion and a price-to-earnings ratio of 11.44.

China Petroleum & Chemical Corporation is an energy and chemical company. It operates its businesses through four segments: exploration and production segment, which involves in exploration and mining of original oil and natural gas; oil refining segment, which involves in processing of original oil and production of oil products; marketing and distribution segment, which involves in distribution, wholesaling and retailing of gasoline, diesel oil, kerosene and fuel oil, as well as chemical segment, which involves in manufacture and distribution of petrochemical products and inorganic chemical products.

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