China Petroleum & Chemical Corp. (NYSE:SNP)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $71.31, but opened at $71.49. China Petroleum & Chemical Corp. shares last traded at $72.30, with a volume of 32,102 shares.

A number of equities analysts have recently weighed in on SNP shares. Zacks Investment Research cut China Petroleum & Chemical Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 8th. TheStreet upgraded China Petroleum & Chemical Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, May 3rd. Macquarie upgraded China Petroleum & Chemical Corp. from a “neutral” rating to an “outperform” rating in a report on Monday, July 25th. Finally, Mizuho cut China Petroleum & Chemical Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, May 5th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $83.00.

The company’s 50-day moving average price is $72.48 and its 200 day moving average price is $67.16. The stock has a market capitalization of $87.08 billion and a P/E ratio of 15.63.

A hedge fund recently raised its stake in China Petroleum & Chemical Corp. stock. Bank of Montreal Can increased its position in China Petroleum & Chemical Corp. (NYSE:SNP) by 5.9% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 21,886 shares of the company’s stock after buying an additional 1,224 shares during the period. Bank of Montreal Can’s holdings in China Petroleum & Chemical Corp. were worth $1,313,000 as of its most recent SEC filing.

China Petroleum & Chemical Corporation is an energy and chemical company. The Company is engaged in oil and gas, and chemical operations in the People’s Republic of China (the PRC). The Company’s segments include exploration and production segment, refining segment, marketing and distribution segment, chemicals segment, and corporate and others.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.