$0.97 EPS Expected for China Petroleum & Chemical Corp (ADR) (SNP)

October 13, 2017 - By Michael Collier

 $0.97 EPS Expected for China Petroleum & Chemical Corp (ADR) (SNP)

Analysts await China Petroleum & Chemical Corp (ADR) (NYSE:SNP) to report earnings on October, 26. They expect $0.97 EPS, down 23.02 % or $0.29 from last year’s $1.26 per share. SNP’s profit will be $1.35B for 19.16 P/E if the $0.97 EPS becomes a reality. After $1.09 actual EPS reported by China Petroleum & Chemical Corp (ADR) for the previous quarter, Wall Street now forecasts -11.01 % negative EPS growth. The stock decreased 0.72% or $0.54 on October 12, reaching $74.34. About 186,362 shares traded or 5.66% up from the average. China Petroleum & Chemical Corp (ADR) (NYSE:SNP) has risen 24.29% since October 13, 2016 and is uptrending. It has outperformed by 7.59% the S&P500.

China Petroleum & Chemical Corp (ADR) (NYSE:SNP) Ratings Coverage

Among 5 analysts covering China Petroleum & Chemical Corp (NYSE:SNP), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. China Petroleum & Chemical Corp had 7 analyst reports since August 26, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, March 2 by Mizuho. On Thursday, November 12 the stock rating was downgraded by Macquarie Research to “Neutral”. The firm has “Hold” rating by Jefferies given on Friday, September 11. Citigroup upgraded the shares of SNP in report on Friday, August 28 to “Sell” rating. As per Wednesday, September 30, the company rating was upgraded by Jefferies. On Tuesday, March 29 the stock rating was downgraded by Credit Suisse to “Neutral”. The rating was upgraded by HSBC on Wednesday, August 26 to “Hold”.

China Petroleum & Chemical Corporation is a China energy and chemical company. The company has market cap of $103.64 billion. The Company’s divisions include Exploration and Development segment, Refining segment, Marketing and Distribution segment, Chemicals segment, and Corporate and Others segment. It has a 10.86 P/E ratio. Exploration and Development segment explores and develops oil fields, as well as produces natural gas and crude oil.

More news for China Petroleum & Chemical Corp (ADR) (NYSE:SNP) were recently published by: Marketwatch.com, which released: “74.37” on August 24, 2009. Prnewswire.com‘s article titled: “China Petroleum & Chemical Corporation Files 2016 Annual Report on Form 20-F” and published on April 25, 2017 is yet another important article.

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