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China Petroleum & Chemical Corp (SNP) Expected to Post Earnings of $1.24 Per Share

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Equities analysts expect China Petroleum & Chemical Corp (NYSE:SNP) to post earnings of $1.24 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for China Petroleum & Chemical’s earnings. China Petroleum & Chemical posted earnings of $1.11 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 11.7%. The firm is scheduled to announce its next earnings report on Monday, March 25th.

According to Zacks, analysts expect that China Petroleum & Chemical will report full-year earnings of $9.22 per share for the current fiscal year, with EPS estimates ranging from $8.76 to $9.68. For the next year, analysts anticipate that the business will report earnings of $8.58 per share, with EPS estimates ranging from $7.56 to $9.59. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for China Petroleum & Chemical.

China Petroleum & Chemical (NYSE:SNP) last issued its quarterly earnings data on Tuesday, October 30th. The oil and gas company reported $2.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.18). The firm had revenue of $113.57 billion during the quarter. China Petroleum & Chemical had a return on equity of 8.18% and a net margin of 2.88%.

A number of equities research analysts have commented on SNP shares. ValuEngine raised shares of China Petroleum & Chemical from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Zacks Investment Research upgraded shares of China Petroleum & Chemical from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Credit Suisse Group cut shares of China Petroleum & Chemical from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 10th. Finally, Citigroup cut shares of China Petroleum & Chemical from a “neutral” rating to a “sell” rating in a research note on Friday, January 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $94.00.

A number of large investors have recently made changes to their positions in SNP. Raymond James & Associates grew its holdings in shares of China Petroleum & Chemical by 6.1% in the second quarter. Raymond James & Associates now owns 11,458 shares of the oil and gas company’s stock worth $1,029,000 after acquiring an additional 654 shares during the period. Wetherby Asset Management Inc. boosted its stake in shares of China Petroleum & Chemical by 27.2% in the third quarter. Wetherby Asset Management Inc. now owns 3,345 shares of the oil and gas company’s stock worth $336,000 after acquiring an additional 716 shares during the period. FMR LLC boosted its stake in shares of China Petroleum & Chemical by 1.3% in the third quarter. FMR LLC now owns 58,071 shares of the oil and gas company’s stock worth $5,832,000 after acquiring an additional 771 shares during the period. Comerica Bank lifted its position in shares of China Petroleum & Chemical by 5.5% in the third quarter. Comerica Bank now owns 14,931 shares of the oil and gas company’s stock worth $1,196,000 after buying an additional 779 shares in the last quarter. Finally, Thomas White International Ltd. lifted its position in shares of China Petroleum & Chemical by 1.4% in the third quarter. Thomas White International Ltd. now owns 71,376 shares of the oil and gas company’s stock worth $7,169,000 after buying an additional 980 shares in the last quarter. Institutional investors and hedge funds own 1.01% of the company’s stock.

China Petroleum & Chemical stock traded up $0.25 on Thursday, hitting $79.11. The company’s stock had a trading volume of 279,104 shares, compared to its average volume of 266,559. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.64. China Petroleum & Chemical has a one year low of $69.02 and a one year high of $105.61. The firm has a market capitalization of $94.33 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 0.98 and a beta of 1.56.

China Petroleum & Chemical Company Profile

China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses in the People’s Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.

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

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