Jefferies Financial Group Brokers Raise Earnings Estimates for China Petroleum & Chemical Corp (NYSE:SNP)

China Petroleum & Chemical Corp (NYSE:SNP) – Stock analysts at Jefferies Financial Group boosted their Q2 2019 earnings estimates for China Petroleum & Chemical in a research note issued on Monday, July 15th. Jefferies Financial Group analyst L. Yu now expects that the oil and gas company will post earnings per share of $2.17 for the quarter, up from their previous estimate of $2.14. Jefferies Financial Group currently has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for China Petroleum & Chemical’s Q4 2019 earnings at $1.77 EPS.

China Petroleum & Chemical (NYSE:SNP) last posted its quarterly earnings results on Tuesday, April 30th. The oil and gas company reported $1.76 EPS for the quarter. China Petroleum & Chemical had a return on equity of 9.06% and a net margin of 2.12%. The business had revenue of $106.34 billion during the quarter.

A number of other equities analysts also recently commented on the company. Citigroup upgraded China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 14th. ValuEngine downgraded Viewray from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. TheStreet downgraded Zumiez from a “b” rating to a “c+” rating in a research note on Thursday, June 6th. Finally, Zacks Investment Research upgraded Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. China Petroleum & Chemical has a consensus rating of “Hold” and a consensus target price of $94.00.

Shares of SNP stock opened at $65.64 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 0.94. The company has a 50 day moving average of $66.71. China Petroleum & Chemical has a 52 week low of $64.33 and a 52 week high of $102.47. The firm has a market capitalization of $78.67 billion, a P/E ratio of 9.18, a P/E/G ratio of 3.30 and a beta of 1.46.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. McIlrath & Eck LLC bought a new stake in shares of China Petroleum & Chemical during the first quarter valued at approximately $32,000. GQG Partners LLC bought a new stake in shares of China Petroleum & Chemical during the fourth quarter valued at approximately $97,000. Advisors Preferred LLC bought a new stake in shares of China Petroleum & Chemical during the first quarter valued at approximately $112,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of China Petroleum & Chemical during the fourth quarter valued at approximately $143,000. Finally, Wedbush Securities Inc. bought a new stake in shares of China Petroleum & Chemical during the first quarter valued at approximately $225,000. 0.97% of the stock is currently owned by institutional investors.

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.

Featured Story: How to Invest in Growth Stocks

Earnings History and Estimates for China Petroleum & Chemical (NYSE:SNP)

Receive News & Ratings for China Petroleum & Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Petroleum & Chemical and related companies with MarketBeat.com's FREE daily email newsletter.