China Petroleum & Chemical (SNPMF) Projected to Post Quarterly Earnings on Tuesday

China Petroleum & Chemical (OTCMKTS:SNPMF) will likely 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

OTCMKTS SNPMF opened at $0.55 on Friday. The business has a fifty day moving average price of $0.62 and a 200 day moving average price of $0.59. China Petroleum & Chemical has a one year low of $0.48 and a one year high of $0.72.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein downgraded 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, According to data from MarketBeat.com, China Petroleum & Chemical currently has an average rating of “Sell”.

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.