China Petroleum & Chemical Corp Hits New 12-Month High at $100.17 (SNP)
Shares of China Petroleum & Chemical Corp (NYSE:SNP) hit a new 52-week high during mid-day trading on Wednesday , AnalystRatings.Net reports. The stock traded as high as $100.17 and last traded at $100.08, with a volume of 45,536 shares changing hands. The stock had previously closed at $98.17.
A number of research firms have recently commented on SNP. Analysts at Zacks upgraded shares of China Petroleum & Chemical Corp from an “underperform” rating to a “neutral” rating in a research note on Friday, July 18th. They now have a $99.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of China Petroleum & Chemical Corp from an “overweight” rating to a “neutral” rating in a research note on Thursday, July 10th. Finally, analysts at Bank of America 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. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $99.74.
The stock’s 50-day moving average is $95.89 and its 200-day moving average is $89.93. The company has a market cap of $116.4 billion and a P/E ratio of 11.83.
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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