Equities analysts forecast that China Petroleum & Chemical Corp (NYSE:SNP) will report earnings per share of $2.17 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for China Petroleum & Chemical’s earnings. China Petroleum & Chemical reported earnings per share of $2.82 during the same quarter last year, which would suggest a negative year over year growth rate of 23%. The company is expected to issue its next quarterly earnings report on Monday, August 26th.
According to Zacks, analysts expect that China Petroleum & Chemical will report full year earnings of $7.21 per share for the current fiscal year, with EPS estimates ranging from $6.30 to $7.78. For the next year, analysts expect that the firm will report earnings of $6.80 per share, with EPS estimates ranging from $6.35 to $7.53. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow China Petroleum & Chemical.
China Petroleum & Chemical (NYSE:SNP) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter. The company had revenue of $106.34 billion for the quarter. China Petroleum & Chemical had a net margin of 2.12% and a return on equity of 9.06%.
Several equities research analysts have weighed in on SNP shares. Citigroup upgraded shares of China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 14th. TheStreet downgraded shares of Zumiez from a “b” rating to a “c+” rating in a research note on Thursday, June 6th. Zacks Investment Research upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Monday, April 29th. Jefferies Financial Group started coverage on shares of in a research note on Wednesday, July 3rd. They set an “underperform” rating for the company. Finally, ValuEngine downgraded shares of Viewray from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $94.00.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP lifted its position in China Petroleum & Chemical by 120.1% during the fourth quarter. Two Sigma Investments LP now owns 195,726 shares of the oil and gas company’s stock valued at $13,818,000 after purchasing an additional 106,816 shares during the period. Stifel Financial Corp lifted its position in China Petroleum & Chemical by 74.6% during the fourth quarter. Stifel Financial Corp now owns 25,561 shares of the oil and gas company’s stock valued at $1,799,000 after purchasing an additional 10,923 shares during the period. Two Sigma Advisers LP lifted its position in China Petroleum & Chemical by 105.5% during the fourth quarter. Two Sigma Advisers LP now owns 201,370 shares of the oil and gas company’s stock valued at $14,217,000 after purchasing an additional 103,400 shares during the period. Manning & Napier Group LLC lifted its position in China Petroleum & Chemical by 3.3% during the first quarter. Manning & Napier Group LLC now owns 99,520 shares of the oil and gas company’s stock valued at $7,911,000 after purchasing an additional 3,222 shares during the period. Finally, FMR LLC increased its holdings in China Petroleum & Chemical by 211.8% in the fourth quarter. FMR LLC now owns 181,057 shares of the oil and gas company’s stock valued at $12,783,000 after buying an additional 122,986 shares in the last quarter. Institutional investors own 0.97% of the company’s stock.
SNP traded up $0.65 during trading on Friday, hitting $66.29. The stock had a trading volume of 173,300 shares, compared to its average volume of 166,630. The stock has a market cap of $78.67 billion, a P/E ratio of 9.27, a PEG ratio of 3.27 and a beta of 1.46. China Petroleum & Chemical has a twelve month low of $64.33 and a twelve month high of $102.47. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $66.62.
About China Petroleum & Chemical
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.
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