Positive Press Coverage Somewhat Unlikely to Impact China Petroleum & Chemical Corporation (SNP) Stock Price
News articles about China Petroleum & Chemical Corporation (NYSE:SNP) have trended positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. China Petroleum & Chemical Corporation earned a news impact score of 0.26 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 45.8165179590505 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Sinopec's 1H17 Profit Surges Y/Y Backed by Chemical Segment (finance.yahoo.com)
- China Petroleum & Chemical Corporation (SNP) Announces $1.51 Special Dividend (americanbankingnews.com)
- China Petroleum & Chemical Corporation (SNP) Rating Increased to Buy at Citigroup Inc. (americanbankingnews.com)
- Sinopec’s Net Profit Surges by 40% to RMB 27.9 Billion in 1H2017 (finance.yahoo.com)
- China Petroleum & Chemical : DuPont Wins Repeat STRATCO Alkylation Technology Contract from Sinopec Further Reducing Environmental Impact in China (4-traders.com)
Several research analysts recently commented on SNP shares. Citigroup Inc. upgraded China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday. BidaskClub raised China Petroleum & Chemical Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 22nd. Jefferies Group LLC lowered China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a report on Monday, May 15th. Zacks Investment Research lowered China Petroleum & Chemical Corporation from a “strong-buy” rating to a “hold” rating in a report on Friday, May 12th. Finally, Sanford C. Bernstein raised China Petroleum & Chemical Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $89.00.
Shares of China Petroleum & Chemical Corporation (SNP) traded up 1.01% during mid-day trading on Wednesday, reaching $75.90. The company had a trading volume of 276,445 shares. The company’s 50-day moving average price is $75.91 and its 200-day moving average price is $79.05. The company has a market capitalization of $91.93 billion, a PE ratio of 10.69 and a beta of 1.17. China Petroleum & Chemical Corporation has a 52-week low of $67.82 and a 52-week high of $84.88.
The company also recently declared a special dividend, which will be paid on Friday, October 6th. Stockholders of record on Tuesday, September 19th will be issued a dividend of $1.5115 per share. This represents a dividend yield of 6.63%. The ex-dividend date of this dividend is Monday, September 18th. China Petroleum & Chemical Corporation’s dividend payout ratio (DPR) is presently 47.26%.
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China Petroleum & Chemical Corporation 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.
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