Macquarie downgraded shares of China Petroleum & Chemical (NYSE:SNP) from an outperform rating to a neutral rating in a research note released on Tuesday morning, The Fly reports.
A number of other equities analysts also recently issued reports on SNP. ValuEngine downgraded China Petroleum & Chemical from a buy rating to a hold rating in a research report on Thursday, September 28th. Zacks Investment Research downgraded China Petroleum & Chemical from a strong-buy rating to a hold rating in a research report on Tuesday, January 2nd. Finally, Nomura initiated coverage on China Petroleum & Chemical in a research report on Wednesday, December 6th. They set a neutral rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $93.00.
China Petroleum & Chemical (NYSE:SNP) opened at $84.07 on Tuesday. China Petroleum & Chemical has a 12-month low of $69.60 and a 12-month high of $84.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.61 and a current ratio of 0.97. The stock has a market capitalization of $124,350.00, a price-to-earnings ratio of 11.91, a PEG ratio of 1.77 and a beta of 1.28.
About China Petroleum & Chemical
China Petroleum & Chemical Corporation is a China-based energy and chemical company. The Company’s segments include Exploration and Development segment, Refining segment, Marketing and Distribution segment, Chemicals segment, and Corporate and Others segment. Exploration and Development segment explores and develops oil fields, as well as produces crude oil and natural gas.
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