China Petroleum & Chemical Corp Hits New 1-Year High at $103.90 (SNP)
China Petroleum & Chemical Corp (NYSE:SNP) reached a new 52-week high on Monday , Stock Ratings News reports. The company traded as high as $103.90 and last traded at $102.98, with a volume of 102,429 shares traded. The stock had previously closed at $100.26.
A number of research firms have recently commented on SNP. Analysts at Citigroup Inc. downgraded shares of China Petroleum & Chemical Corp from a “buy” rating to a “neutral” rating in a research note on Monday. Separately, 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. Finally, 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. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. China Petroleum & Chemical Corp presently has an average rating of “Buy” and an average price target of $99.74.
The stock has a 50-day moving average of $96.85 and a 200-day moving average of $90.93. The company has a market cap of $120.3 billion and a P/E ratio of 12.08.
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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