China Petroleum & Chemical - SNP Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for China Petroleum & Chemical in the last twelve months. There are currently 2 sell ratings for the stock. The consensus among Wall Street research analysts is that investors should "sell" SNP shares.
View SNP analyst ratings or view top-rated stocks.

2 analysts have issued twelve-month price targets for China Petroleum & Chemical's stock. Their SNP share price forecasts range from $41.09 to $41.09. On average, they anticipate the company's share price to reach $41.09 in the next twelve months. This suggests that the stock has a possible downside of 12.4%.
View analysts price targets for SNP or view top-rated stocks among Wall Street analysts.

China Petroleum & Chemical's stock was trading at $46.51 on January 1st, 2022. Since then, SNP shares have increased by 0.9% and is now trading at $46.92.
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China Petroleum & Chemical saw a decline in short interest in the month of July. As of July 15th, there was short interest totaling 252,900 shares, a decline of 31.0% from the June 30th total of 366,500 shares. Based on an average trading volume of 204,500 shares, the days-to-cover ratio is currently 1.2 days.
View China Petroleum & Chemical's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our SNP earnings forecast.

China Petroleum & Chemical Co. (NYSE:SNP) announced its quarterly earnings results on Wednesday, April, 28th. The oil and gas company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.17. The oil and gas company earned $88.99 billion during the quarter. China Petroleum & Chemical had a trailing twelve-month return on equity of 8.23% and a net margin of 2.58%.

China Petroleum & Chemical declared a semi-annual dividend on Thursday, March 31st. Investors of record on Thursday, June 9th will be given a dividend of $2.4674 per share on Thursday, June 30th. This represents a dividend yield of 13.3%. The ex-dividend date is Wednesday, June 8th.
Read our dividend analysis for SNP.

China Petroleum & Chemical (NYSE:SNP) pays an annual dividend of $8.25 per share and currently has a dividend yield of 17.62%. SNP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 84.79%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SNP will have a dividend payout ratio of 84.18% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SNP.

20 employees have rated China Petroleum & Chemical Chief Executive Officer Wang Tianpu on Glassdoor.com. Wang Tianpu has an approval rating of 62% among the company's employees. This puts Wang Tianpu in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other China Petroleum & Chemical investors own include Fluor (FLR), Micron Technology (MU), Intel (INTC), AT&T (T), Alibaba Group (BABA), Broadcom (AVGO), Chevron (CVX), NVIDIA (NVDA), AbbVie (ABBV) and Verizon Communications (VZ).

China Petroleum & Chemical trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNP."

China Petroleum & Chemical's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include OLD Mission Capital LLC (0.01%), US Bancorp DE (0.00%), Qtron Investments LLC (0.00%), Assetmark Inc. (0.00%), DGS Capital Management LLC (0.00%) and Profund Advisors LLC (0.00%).
View institutional ownership trends.

Shares of SNP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SNP stock can currently be purchased for approximately $46.92.

China Petroleum & Chemical (NYSE:SNP) has a market capitalization of $56.81 billion and generates $424.83 billion in revenue each year. The oil and gas company earns $11.16 billion in net income (profit) each year or $9.73 on an earnings per share basis.

The company employs 385,691 workers across the globe.

China Petroleum & Chemical's mailing address is 22 CHAOYANGMEN NORTH STREET CHAOYANG DISTRIC, BEIJING F4, 100728. The official website for the company is www.sinopec.com. The oil and gas company can be reached via phone at 86-10-5996-0028, via email at ir@sinopec.com, or via fax at 86-10-5996-0386.