$0.97 EPS Expected for China Petroleum & Chemical Corp (ADR) (SNP)

October 13, 2017 - By Hazel Jackson

 $0.97 EPS Expected for China Petroleum & Chemical Corp (ADR) (SNP)

Investors wait China Petroleum & Chemical Corp (ADR) (NYSE:SNP) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.97 EPS, down $0.29 or 23.02 % from last year’s $1.26 same quarter earnings. This translates into $1.35B profit for SNP giving the stock a 19.16 P/E. This is assuming the current $0.97 EPS is accurate. China Petroleum & Chemical Corp (ADR)’s Wall Street analysts see -11.01 % negative EPS growth, taking into account the $1.09 EPS reproted in the previous quarter, The stock decreased 0.72% or $0.54 on October 12, reaching $74.34. About 186,362 shares traded or 5.66% up from the average. China Petroleum & Chemical Corp (ADR) (NYSE:SNP) has risen 24.29% since October 13, 2016 and is uptrending. It has outperformed by 7.59% the S&P500.

China Petroleum & Chemical Corp (ADR) (NYSE:SNP) Ratings Coverage

Among 5 analysts covering China Petroleum & Chemical Corp (NYSE:SNP), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. China Petroleum & Chemical Corp had 7 analyst reports since August 26, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, March 2 by Mizuho. The rating was downgraded by Macquarie Research to “Neutral” on Thursday, November 12. The rating was upgraded by HSBC to “Hold” on Wednesday, August 26. Credit Suisse downgraded the shares of SNP in report on Tuesday, March 29 to “Neutral” rating. The stock of China Petroleum & Chemical Corp (ADR) (NYSE:SNP) has “Buy” rating given on Wednesday, September 30 by Jefferies. The rating was upgraded by Jefferies to “Hold” on Friday, September 11. The company was upgraded on Friday, August 28 by Citigroup.

China Petroleum & Chemical Corporation is a China energy and chemical company. The company has market cap of $103.64 billion. The Company’s divisions include Exploration and Development segment, Refining segment, Marketing and Distribution segment, Chemicals segment, and Corporate and Others segment. It has a 10.86 P/E ratio. Exploration and Development segment explores and develops oil fields, as well as produces natural gas and crude oil.

More news for China Petroleum & Chemical Corp (ADR) (NYSE:SNP) were recently published by: Marketwatch.com, which released: “74.37” on August 24, 2009. Prnewswire.com‘s article titled: “China Petroleum & Chemical Corporation Files 2016 Annual Report on Form 20-F” and published on April 25, 2017 is yet another important article.

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