China Petroleum & Chemical Corp. with ticker code (SNP) now have 3 analysts covering the stock. Analyst consensus points to a buy rating. The range between the target price high and the target price low lies between 66.3 and 52.6 and has an average objective at 58.39. Given that the stock’s previous close was at 49.89, this now indicates that there is 17.0% upside potential. There is a 50-day moving average of 48.83 while the 200-day moving average is 48.93. The company has a market capitalization of $74,149 million. You can visit the company’s website by visiting: https://www.sinopec.com
The potential market capitalization would be $86,782 million based on market consensus.
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China Petroleum & Chemical Corporation, an energy and chemical company, has oil, gas and chemical businesses in mainland China, Singapore and overseas. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Other. The company explores and develops oil fields; produces crude oil and natural gas; processes and purifies crude oil; and manufactures and sells petroleum products. It also owns and operates oil depots and service stations; and distributes and sells refined petroleum products, including gasoline and diesel through wholesale and retail networks. In addition, the company manufactures and sells petrochemicals and petrochemical derivatives; and other chemicals, such as basic organic chemicals, synthetic resins, synthetic fiber monomers and polymers, synthetic fibers, synthetic rubber, and chemical fertilizers. Additionally, it is involved in the exploration, production and sale of petroleum and natural gas; production, storage and sale of petrochemicals and coal chemicals; import and export of petroleum products, natural gas, petrochemicals and chemicals; production and sale of catalytic products, lubricating base oil, polyester chips and fibers, plastics and intermediate petrochemicals; research, development, production and sale of ethylene and downstream by-products; providing geophysical exploration, drilling, surveying, logging, downhole mining and construction services, as well as crude oil jetty services and pipeline transportation services; manufacture of production equipment; and investment management activities in the coal chemical industry. The company was incorporated in 2000 and is based in Beijing, China. China Petroleum & Chemical Corporation is a subsidiary of China Petrochemical Corporation.