Research analysts at The Goldman Sachs Group initiated coverage on shares of China Petroleum & Chemical (NYSE:SNP) in a report released on Sunday, The Fly reports. The brokerage set a “sell” rating on the oil and gas company’s stock.
Separately, TheStreet raised China Petroleum & Chemical from a “d+” rating to a “c” rating in a report on Friday, October 30th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. China Petroleum & Chemical currently has an average rating of “Hold” and a consensus price target of $47.00.
Shares of SNP stock opened at $45.57 on Friday. The stock’s 50 day simple moving average is $41.47 and its 200 day simple moving average is $43.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.52 and a current ratio of 0.81. China Petroleum & Chemical has a twelve month low of $38.18 and a twelve month high of $62.22. The company has a market capitalization of $55.17 billion, a price-to-earnings ratio of 113.93, a PEG ratio of 3.23 and a beta of 1.05.
Several large investors have recently made changes to their positions in SNP. Advisor Group Holdings Inc. acquired a new stake in shares of China Petroleum & Chemical during the 1st quarter worth approximately $143,000. State Street Corp grew its holdings in shares of China Petroleum & Chemical by 11.6% during the 1st quarter. State Street Corp now owns 53,382 shares of the oil and gas company’s stock worth $2,600,000 after purchasing an additional 5,534 shares in the last quarter. First Trust Advisors LP boosted its stake in China Petroleum & Chemical by 6.0% in the 2nd quarter. First Trust Advisors LP now owns 22,791 shares of the oil and gas company’s stock valued at $956,000 after buying an additional 1,291 shares in the last quarter. Congress Park Capital LLC acquired a new stake in China Petroleum & Chemical in the 2nd quarter valued at $210,000. Finally, Atlas Capital Advisors LLC boosted its stake in China Petroleum & Chemical by 10.5% in the 2nd quarter. Atlas Capital Advisors LLC now owns 4,745 shares of the oil and gas company’s stock valued at $199,000 after buying an additional 449 shares in the last quarter. 0.73% of the stock is currently owned by institutional investors.
China Petroleum & Chemical Company Profile
China Petroleum & Chemical Corporation, an energy and chemical company, engages in oil and gas, and chemical operations in the People's Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.
See Also: Earnings Per Share (EPS)
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