Somewhat Favorable Press Coverage Somewhat Unlikely to Impact China Petroleum & Chemical (SNP) Share Price
News headlines about China Petroleum & Chemical (NYSE:SNP) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. China Petroleum & Chemical earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 45.8986599559441 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Venezuela-China Relationship Sours as Sinopec Sues PDVSA (bloomberg.com)
- Sinopec May Reduce Exposure in African Energy Resources (finance.yahoo.com)
- China’s Sinopec looking to sell Nigeria business (gulf-times.com)
- China’s $160 Billion Energy M&A Binge Was Bad for Most Investors (finance.yahoo.com)
- China Petroleum & Chemical (SNP) Receives New Coverage from Analysts at Nomura (americanbankingnews.com)
SNP has been the subject of several research reports. ValuEngine raised China Petroleum & Chemical from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Citigroup raised China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a report on Tuesday, August 29th. Zacks Investment Research raised China Petroleum & Chemical from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Tuesday, October 24th. Nomura assumed coverage on China Petroleum & Chemical in a report on Wednesday. They set a “neutral” rating for the company. Finally, BidaskClub raised China Petroleum & Chemical from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $82.00.
In other China Petroleum & Chemical news, Director Wolfgang Wiese sold 355,000 shares of China Petroleum & Chemical stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $0.25, for a total value of $88,750.00. In the last quarter, insiders sold 368,500 shares of company stock worth $96,400. Company insiders own 92.20% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact China Petroleum & Chemical (SNP) Share Price” was reported by Watch List News and is the property of of Watch List News. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-china-petroleum-chemical-snp-share-price/1756310.html.
About China Petroleum & Chemical
China Petroleum & Chemical Corporation is a China-based energy and chemical company. The Company’s segments include Exploration and Development segment, Refining segment, Marketing and Distribution segment, Chemicals segment, and Corporate and Others segment. Exploration and Development segment explores and develops oil fields, as well as produces crude oil and natural gas.
Receive News & Ratings for China Petroleum & Chemical Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Petroleum & Chemical Corporation and related companies with MarketBeat.com's FREE daily email newsletter.