Wall Street brokerages expect China Petroleum & Chemical Corporation (NYSE:SNP) to report $0.37 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for China Petroleum & Chemical Corporation’s earnings. China Petroleum & Chemical Corporation posted earnings of $0.16 per share in the same quarter last year, which suggests a positive year over year growth rate of 131.3%. The business is scheduled to issue its next earnings results on Monday, March 26th.

On average, analysts expect that China Petroleum & Chemical Corporation will report full year earnings of $5.87 per share for the current year, with EPS estimates ranging from $4.87 to $6.87. For the next financial year, analysts forecast that the business will post earnings of $5.24 per share, with EPS estimates ranging from $3.52 to $6.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow China Petroleum & Chemical Corporation.

A number of research firms recently issued reports on SNP. ValuEngine lowered China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Zacks Investment Research lowered China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Mizuho raised China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. BidaskClub raised China Petroleum & Chemical Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 22nd. Finally, Citigroup Inc raised China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $82.00.

A number of large investors have recently made changes to their positions in the stock. Cadence Capital Management LLC lifted its position in China Petroleum & Chemical Corporation by 1.0% in the second quarter. Cadence Capital Management LLC now owns 9,566 shares of the oil and gas company’s stock valued at $752,000 after purchasing an additional 94 shares during the period. PNC Financial Services Group Inc. lifted its position in China Petroleum & Chemical Corporation by 3.2% in the second quarter. PNC Financial Services Group Inc. now owns 3,078 shares of the oil and gas company’s stock valued at $241,000 after purchasing an additional 95 shares during the period. Stifel Financial Corp lifted its position in China Petroleum & Chemical Corporation by 1.5% in the second quarter. Stifel Financial Corp now owns 8,932 shares of the oil and gas company’s stock valued at $702,000 after purchasing an additional 132 shares during the period. Ronald Blue & Co. LLC lifted its position in China Petroleum & Chemical Corporation by 10.1% in the second quarter. Ronald Blue & Co. LLC now owns 3,731 shares of the oil and gas company’s stock valued at $293,000 after purchasing an additional 343 shares during the period. Finally, Eagle Asset Management Inc. lifted its position in China Petroleum & Chemical Corporation by 10.8% in the second quarter. Eagle Asset Management Inc. now owns 3,992 shares of the oil and gas company’s stock valued at $313,000 after purchasing an additional 389 shares during the period. Hedge funds and other institutional investors own 0.76% of the company’s stock.

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China Petroleum & Chemical Corporation (NYSE:SNP) traded down $0.23 during trading hours on Friday, hitting $73.58. The stock had a trading volume of 113,043 shares, compared to its average volume of 148,695. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.97 and a quick ratio of 0.58. China Petroleum & Chemical Corporation has a 1-year low of $67.82 and a 1-year high of $84.88. The company has a market cap of $107.25 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 1.97 and a beta of 1.29.

The company also recently disclosed a special dividend, which was paid on Friday, October 6th. Investors of record on Tuesday, September 19th were given a $1.5115 dividend. The ex-dividend date was Monday, September 18th. This represents a yield of 6.63%. China Petroleum & Chemical Corporation’s payout ratio is currently 51.15%.

About China Petroleum & Chemical Corporation

China Petroleum & Chemical Corporation is a China-based energy and chemical company. The Company’s segments include Exploration and Development segment, Refining segment, Marketing and Distribution segment, Chemicals segment, and Corporate and Others segment. Exploration and Development segment explores and develops oil fields, as well as produces crude oil and natural gas.

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Earnings History and Estimates for China Petroleum & Chemical Corporation (NYSE:SNP)

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