Are Analysts Bullish about China Petroleum & Chemical Corporation (NYSE:SNP) after last week?

December 7, 2017 - By Louis Casey

 Are Analysts Bullish about China Petroleum & Chemical Corporation (NYSE:SNP) after last week?

China Petroleum & Chemical Corporation (NYSE:SNP) Ratings Coverage

Among 6 analysts covering China Petroleum & Chemical Corp (NYSE:SNP), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. China Petroleum & Chemical Corp had 8 analyst reports since August 26, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Credit Suisse on Tuesday, March 29. The company was upgraded on Wednesday, March 2 by Mizuho. As per Friday, August 28, the company rating was upgraded by Citigroup. As per Wednesday, September 30, the company rating was upgraded by Jefferies. The firm has “Hold” rating by Jefferies given on Friday, September 11. The firm has “Neutral” rating given on Thursday, November 12 by Macquarie Research. HSBC upgraded the stock to “Hold” rating in Wednesday, August 26 report. Nomura initiated the shares of SNP in report on Wednesday, December 6 with “Neutral” rating. Below is a list of China Petroleum & Chemical Corporation (NYSE:SNP) latest ratings and price target changes.

06/12/2017 Broker: Nomura Rating: Neutral Initiate

The stock increased 0.59% or $0.41 during the last trading session, reaching $70.23. About 57,612 shares traded. China Petroleum & Chemical Corporation (NYSE:SNP) has risen 24.29% since December 7, 2016 and is uptrending. It has outperformed by 7.59% the S&P500.

China Petroleum & Chemical Corporation, an energy and chemical company, engages in the gas and oil, and chemical activities and businesses in the PeopleÂ’s Republic of China and internationally. The company has market cap of $89.10 billion. It operates through Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others divisions. It has a 10.33 P/E ratio. The firm explores for and develops oil fields, and produces and sells natural gas and crude oil; processes and purifies crude oil into refined petroleum products; and makes and sells petroleum products.

More news for China Petroleum & Chemical Corporation (NYSE:SNP) were recently published by: Marketwatch.com, which released: “China Petroleum & Chemical Corp. ADR” 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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