China Petroleum & Chemical (SNPMF) Expected to Announce Quarterly Earnings on Tuesday
by Amy Steele · The Cerbat GemChina Petroleum & Chemical (OTCMKTS:SNPMF – Get Free Report) is expected to be announcing its results after the market closes on Tuesday, April 28th. Analysts expect the company to announce earnings of $0.0217 per share and revenue of $98.8628 billion for the quarter.
China Petroleum & Chemical Price Performance
China Petroleum & Chemical stock opened at $0.62 on Tuesday. The firm has a 50-day moving average price of $0.63 and a two-hundred day moving average price of $0.59. China Petroleum & Chemical has a 52-week low of $0.48 and a 52-week high of $0.72.
Wall Street Analysts Forecast Growth
Separately, Sanford C. Bernstein lowered shares of China Petroleum & Chemical to an “underperform” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, China Petroleum & Chemical presently has a consensus rating of “Sell”.
Read Our Latest Research Report on SNPMF
China Petroleum & Chemical Company Profile
China Petroleum & Chemical Corporation (OTCMKTS: SNPMF), commonly known as Sinopec, is one of China’s largest integrated energy and chemical companies. Established in 1998 and headquartered in Beijing, Sinopec operates across the full hydrocarbon value chain, encompassing exploration and production of crude oil and natural gas, refining, marketing and distribution of petroleum products, as well as the manufacture of a broad array of petrochemicals. The company manages extensive refining facilities, petrochemical complexes and a nationwide retail network of service stations.
On the upstream side, Sinopec engages in onshore and offshore exploration and production activities through joint ventures and wholly owned subsidiaries.