China Petroleum & Chemical (NYSE:SNP) rating downgraded to sell to Goldman Sachs Group
China Petroleum & Chemical (NYSE:SNP – Get Rating) was downgraded by equity researchers at Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research note released to investors on Sunday, reports The Fly.
Other stock analysts have also published research reports on the stock. StockNews.com upgraded shares of China Petroleum & Chemical from a “hold” rating to a “buy” rating in a Wednesday, May 4 report. Citigroup cut shares of China Petroleum & Chemical from a “buy” rating to a “sell” rating in a research report on Monday, May 23.
Shares of SNP traded down $1.70 during the midday session on Friday, hitting $42.70. The company had a trading volume of 430,957 shares, compared to an average volume of 271,223. The company’s 50-day simple moving average is $49.92 and its 200-day simple moving average is 49.59 $. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt ratio of 0.11. China Petroleum & Chemical has a 1-year low of $40.60 and a 1-year high of $55.03. The stock has a market capitalization of $51.70 billion, a PE ratio of 4.39, a P/E/G ratio of 1.29 and a beta of 0.71.
China Petroleum & Chemical (NYSE:SNP – Get Rating) last released its results on Friday, April 29. The oil and gas company reported earnings per share (EPS) of $2.95 for the quarter. The company posted revenue of $121.52 billion for the quarter. China Petroleum & Chemical posted a net margin of 2.58% and a return on equity of 8.23%. On average, sell-side analysts expect China Petroleum & Chemical to post earnings per share of 10.1 for the current year.
Several large investors have recently changed their positions in SNP. Liberty Wealth Management LLC increased its stake in China Petroleum & Chemical shares by 801.4% during the third quarter. Liberty Wealth Management LLC now owns 631 shares of the oil and gas company valued at $31,000 after acquiring an additional 561 shares during the period. Fieldpoint Private Securities LLC increased its stake in shares of China Petroleum & Chemical by 86.7% in the first quarter. Fieldpoint Private Securities LLC now owns 700 shares of the oil and gas company valued at $35,000 after acquiring 325 additional shares during the period. Advisor Group Holdings Inc. increased its stake in shares of China Petroleum & Chemical by 120.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 785 shares of the oil and gas company valued at $36,000 after acquiring 429 additional shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in China Petroleum & Chemical shares by 47.5% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,242 shares of the oil and gas company valued at $63,000 after acquiring an additional 400 shares during the period. Finally, SG Americas Securities LLC acquired a new position in China Petroleum & Chemical stock during the first quarter valued at approximately $179,000. Institutional investors hold 0.56% of the company’s shares.
About China Petroleum & Chemical (Get a rating)
China Petroleum & Chemical Corporation, an energy and chemical company, has oil, gas and chemical businesses in mainland China, Singapore and overseas. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Other.
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