|Bid||6.430 x 0|
|Ask||6.440 x 0|
|Day's range||6.400 - 6.530|
|52-week range||5.400 - 8.350|
|Beta (3Y monthly)||1.15|
|PE ratio (TTM)||12.70|
|Forward dividend & yield||0.67 (10.14%)|
|1y target est||8.77|
Sinopec (SNP) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider China Petroleum & Chemical (SNP).
I’ve been keeping an eye on China Petroleum & Chemical Corporation (HKG:386) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, Read More...
The Beijing-based company said it had profit of $2.22 per share. Earnings, adjusted to account for extraordinary items, came to $2.11 per share. The energy and chemical company posted revenue of $113.57 ...
Futures fell 3 percent in New York on Wednesday. Domestic crude inventories rose by more than twice the rate forecast by analysts last week, according to the Energy Information Administration. Stockpiles also swelled at the nation’s key storage hub in Oklahoma to the highest since June.
Every investor in China Petroleum & Chemical Corporation (HKG:386) should be aware of the most powerful shareholder groups. Institutions often own shares in more established companies, while it’s not unusual Read More...
On a per-share basis, the Beijing-based company said it had net income of $3.06. Earnings, adjusted to account for extraordinary items, came to $2.82 per share. The energy and chemical company posted revenue ...
Shareholders in China Petroleum & Chemical Corp., the giant oil refiner known as Sinopec, have little to complain about this year. At the same time, the strength of first-half earnings should remind the company’s new Chairman Dai Houliang how little investors are buying Sinopec’s story. Pure-play refiners such as Reliance Industries Ltd., Phillips 66, Marathon Petroleum Corp., Valero Energy Corp. and S-Oil Corp. typically have valuations at about double that level.
Neil Beveridge, analyst at Sanford C. Bernstein, talks about Chinese oil companies including China Petroleum & Chemical Corp., known as Sinopec, PetroChina and Cnooc. Sinopec raised its dividend payout ...
China Petroleum & Chemical Corp. raised its dividend payout after half-year earnings jumped to a record, fueled by improving refining profits and a rebound in crude prices that brought its oil and gas exploration unit closer to breaking even. The world’s biggest refiner by capacity, known as Sinopec, proposed an interim dividend of 0.16 yuan a share, a 60 percent increase from the previous year, it said Sunday in stock exchange filings. Net income rose 52 percent to 42.4 billion yuan ($6.2 billion) in the first six months.
Based on China Petroleum & Chemical Corporation’s (HKG:386) earnings update in March 2018, analyst consensus outlook appear vastly optimistic, with earnings expected to grow by a high double-digit of 50.81%Read More...
South Africa’s Competition Commission was granted an extension of 15 working days to consult on a proposed deal in which a black-investor group backed by Glencore Plc would buy Chevron Corp.’s assets in southern Africa. The merging parties -- Off The Shelf Investments Fifty Six Pty Ltd. and Chevron South Africa Pty Ltd. -- opposed the extension application to the Competition Tribunal. Off The Shelf’s investors own the 25 percent of the southern African business that Chevron doesn’t.
Though oil majors are constantly cutting costs, boosting production and exploration, the real rise or fall in profits and revenue are largely dictated by crude prices
China’s shale gas industry began with a long shot. Guo Xusheng, a stout and affable chief geologist at a unit of China Petroleum & Chemical Corp., persuaded his bosses in 2009 to give him about $3 million to drill deeper than anyone had before in southwestern China. For Sinopec, as the company is known, the shale boom in the U.S. convinced them that Guo’s plan was worth a try.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to better understand how you canRead More...
As the trade war between the U.S. and China heats up, China is looking to reduce its U.S. oil imports in order to avoid a possible tariff on American oil – bad news for U.S. producers
While China’s move to create a national pipeline giant has taken center stage, investors should focus further out on how that clears a hurdle for Sinopec to spinoff its retail business, a move that may boost the oil giant’s valuation. The listing of the marketing unit by the refining behemoth, officially known as China Petroleum & Chemical Corp., has been awaiting the shift of its oil and fuel pipelines into the new national operator, according to China International Capital Corp. and Sanford C. Bernstein & Co. That’s why the pipeline reform may give further impetus for shares of the company to extend a 30 percent rally this year. To read more about China’s plans for a national pipeline company, click here.
China’s plans to create a pipeline giant to aid development of its natural gas market are overdue, and welcome. The state-owned champion, provisionally dubbed China Pipelines Corp., will combine the pipeline divisions of state-owned PetroChina Co., China Petroleum & Chemical Corp. or Sinopec, and Cnooc Ltd. A mooted market capitalization of as much as 500 billion yuan ($78 billion) would make it the world’s largest pipeline operator on that measure, comfortably outstripping Enterprise Product Partners LP at $64 billion. There’s much to like in that plan, given the way the current setup has helped stymie China’s drive to increase the role of gas in its domestic energy mix.
Six Flags Entertainment, Thomson Reuters, Toyota Motor, China Petroleum & Chemical and Merck highlighted as Zacks Bull and Bear of the Day
Chevron's (CVX) South African assets including 800 Caltex service stations and a 100,000-barrel per day refinery are up for sale.