Shares of China Petroleum & Chemical Corp. (NYSE:SNP) traded up 3.3% on Friday . The stock traded as high as $73.87 and last traded at $73.68, with a volume of 246,534 shares trading hands. The stock had previously closed at $71.34.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of China Petroleum & Chemical Corp. from a “hold” rating to a “strong-buy” rating and set a $83.00 price target for the company in a research note on Friday, August 12th. Macquarie raised shares of China Petroleum & Chemical Corp. from a “neutral” rating to an “outperform” rating in a research note on Monday, July 25th. Finally, Mizuho cut shares of China Petroleum & Chemical Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, May 5th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $83.00.

The company has a market capitalization of $88.88 billion and a PE ratio of 15.95. The firm has a 50-day moving average price of $72.57 and a 200-day moving average price of $67.86.

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.

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