China Petroleum & Chemical Corporation (SNP) to Post FY2017 Earnings of $6.17 Per Share, Jefferies Group Forecasts

China Petroleum & Chemical Corporation (NYSE:SNP) – Equities researchers at Jefferies Group issued their FY2017 earnings estimates for shares of China Petroleum & Chemical in a research report issued on Monday. Jefferies Group analyst L. Yu forecasts that the oil and gas company will earn $6.17 per share for the year. Jefferies Group also issued estimates for China Petroleum & Chemical’s Q4 2017 earnings at $1.17 EPS, FY2018 earnings at $4.54 EPS and FY2019 earnings at $3.80 EPS.

SNP has been the subject of a number of other reports. Nomura started coverage on shares of China Petroleum & Chemical in a report on Wednesday, December 6th. They issued a “neutral” rating for the company. Zacks Investment Research cut shares of China Petroleum & Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. ValuEngine cut shares of China Petroleum & Chemical from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Finally, Macquarie cut shares of China Petroleum & Chemical from an “outperform” rating to a “neutral” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $82.00.

China Petroleum & Chemical (SNP) opened at $81.32 on Thursday. China Petroleum & Chemical has a 52 week low of $69.60 and a 52 week 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 cap of $124,350.00, a price-to-earnings ratio of 11.52, a PEG ratio of 1.77 and a beta of 1.28.

Several hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in shares of China Petroleum & Chemical by 3.2% during the second quarter. PNC Financial Services Group Inc. now owns 3,078 shares of the oil and gas company’s stock valued at $241,000 after buying an additional 95 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of China Petroleum & Chemical by 1.5% during the second quarter. Stifel Financial Corp now owns 8,932 shares of the oil and gas company’s stock valued at $702,000 after buying an additional 132 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of China Petroleum & Chemical by 10.8% during the second quarter. Eagle Asset Management Inc. now owns 3,992 shares of the oil and gas company’s stock valued at $313,000 after purchasing an additional 389 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of China Petroleum & Chemical by 19.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,505 shares of the oil and gas company’s stock valued at $354,000 after purchasing an additional 726 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of China Petroleum & Chemical by 13.9% during the second quarter. D.A. Davidson & CO. now owns 6,305 shares of the oil and gas company’s stock valued at $495,000 after purchasing an additional 769 shares in the last quarter. Hedge funds and other institutional investors own 0.86% of the company’s stock.

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China Petroleum & Chemical Company Profile

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.

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

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