China Petroleum & Chemical Corp Lowered to Neutral at Citigroup Inc. (SNP)
A number of other firms have also 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. 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 equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. China Petroleum & Chemical Corp currently has an average rating of “Buy” and an average target price of $99.74.
China Petroleum & Chemical Corp (NYSE:SNP) traded up 3.07% on Monday, hitting $103.34. The stock had a trading volume of 45,104 shares. China Petroleum & Chemical Corp has a 52 week low of $71.63 and a 52 week high of $100.45. The stock’s 50-day moving average is $96.85 and its 200-day moving average is $90.93. The company has a market cap of $120.6 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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