China Petroleum & Chemical Corp Reaches New 1-Year High at $105.84 (SNP)
China Petroleum & Chemical Corp (NYSE:SNP) shares hit a new 52-week high during mid-day trading on Thursday , Stock Ratings News reports. The company traded as high as $105.84 and last traded at $104.91, with a volume of 53,797 shares changing hands. The stock had previously closed at $104.89.
A number of research firms have recently commented on SNP. Analysts at Jefferies Group downgraded shares of China Petroleum & Chemical Corp from a “hold” rating to an “underperform” rating in a research note on Tuesday, August 26th. Separately, 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, August 25th. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $99.74.
The stock’s 50-day moving average is $98.56 and its 200-day moving average is $92.45. The company has a market cap of $122.2 billion and a price-to-earnings ratio of 11.40.
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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