Analysts Anticipate China Petroleum & Chemical Corp (SNP) to Post $1.29 EPS

Wall Street analysts expect China Petroleum & Chemical Corp (NYSE:SNP) to announce earnings per share of $1.29 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for China Petroleum & Chemical’s earnings. China Petroleum & Chemical posted earnings per share of $0.16 during the same quarter last year, which would indicate a positive year-over-year growth rate of 706.3%. The business is scheduled to report its next quarterly earnings report on Monday, March 26th.

On average, analysts expect that China Petroleum & Chemical will report full-year earnings of $6.69 per share for the current year, with EPS estimates ranging from $6.10 to $7.28. For the next financial year, analysts anticipate that the company will report earnings of $7.14 per share, with EPS estimates ranging from $5.85 to $8.43. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for China Petroleum & Chemical.

China Petroleum & Chemical (NYSE:SNP) last issued its quarterly earnings data on Monday, October 30th. The oil and gas company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.34. The company had revenue of $86.80 billion during the quarter.

Several equities analysts have commented on the stock. HSBC lowered shares of China Petroleum & Chemical from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Jefferies Group upgraded shares of China Petroleum & Chemical from a “hold” rating to a “buy” rating in a research report on Wednesday, January 17th. Zacks Investment Research upgraded shares of China Petroleum & Chemical from a “hold” rating to a “strong-buy” rating and set a $93.00 target price on the stock in a research report on Thursday, January 11th. Macquarie downgraded shares of China Petroleum & Chemical from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 9th. Finally, ValuEngine upgraded shares of China Petroleum & Chemical from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $93.00.

China Petroleum & Chemical (NYSE:SNP) traded up $1.20 during trading hours on Wednesday, reaching $86.66. 327,015 shares of the company were exchanged, compared to its average volume of 188,548. China Petroleum & Chemical has a 1-year low of $69.60 and a 1-year high of $89.68. The company has a market capitalization of $107,487.02, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27. The company has a current ratio of 0.97, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new position in shares of China Petroleum & Chemical in the 3rd quarter worth about $218,000. PNC Financial Services Group Inc. increased its position in shares of China Petroleum & Chemical 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 worth $241,000 after purchasing an additional 95 shares during the last quarter. Quantbot Technologies LP increased its position in shares of China Petroleum & Chemical by 1,393.7% in the second quarter. Quantbot Technologies LP now owns 3,570 shares of the oil and gas company’s stock worth $280,000 after purchasing an additional 3,331 shares during the last quarter. Creative Planning bought a new position in shares of China Petroleum & Chemical in the fourth quarter worth approximately $307,000. Finally, Virtu KCG Holdings LLC bought a new position in shares of China Petroleum & Chemical in the second quarter worth approximately $386,000. 0.86% of the stock is currently owned by hedge funds and other institutional investors.

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About China Petroleum & Chemical

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 (NYSE:SNP)

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