Goldman Sachs raises target for China Petroleum & Chemical stock to HKD 4.50
Published on 10/21/2026 at 09:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget and reporting dates
- Goldman Sachs raised its Sinopec target to HKD 4.50 on October 16, 2026.
- Second-quarter revenue reached CNY 729.87 billion, while earnings were CNY 8.83 billion.
- China Petroleum & Chemical stock traded at EUR 0.51 at 9:09 a.m. CEST at Lang & Schwarz on October 21, 2026.
Goldman Sachs raised its 12-month target for China Petroleum & Chemical to HKD 4.50 while keeping a Neutral rating in a report dated October 16, 2026, according to NewsFutunn. China Petroleum & Chemical stock was trading at EUR 0.51 at Lang & Schwarz on October 21, 2026 at 9:09 a.m. CEST.
Results date is October 29
China Petroleum & Chemical is scheduled to review its third-quarter 2026 results on October 29, 2026, according to TipRanks. The date gives investors a defined checkpoint for refining utilization, product demand and earnings after Goldman Sachs forecast a moderate sequential improvement for the third quarter.
What does the target mean for margins?
Goldman Sachs said Sinopec faced persistent refining-margin pressure in the second half of 2026, even as higher utilization and downstream demand could lift third-quarter earnings from the second quarter. Its report assigned Sinopec a projected 2027 free-cash-flow yield of 5.00 percent and retained the Neutral rating, according to NewsFutunn.
Three recent company markers
On September 24, 2026, Fitch affirmed Sinopec at A with a stable outlook, as reported by MarketScreener. On October 14, 2026, the company appointed Zhang Zheng as company secretary and authorized representative, replacing Huang Wensheng in those roles, according to MarketScreener. On October 16, 2026, Goldman Sachs raised the H-share target to HKD 4.50 and the A-share target to CNY 6.00 while maintaining Neutral for Sinopec.
Stock price during Xetra hours
At Lang & Schwarz, China Petroleum & Chemical stock was trading at EUR 0.51 on October 21, 2026 at 9:09 a.m. CEST. A separate Shanghai quote showed CNY 5.42 at 2:57 p.m. CST on the same date, with a market capitalization of CNY 654.3 billion and a 52-week range of CNY 4.43 to CNY 8.11.
The further course of trading is shown by the continuously updated real-time quote of China Petroleum & Chemical stock.
China Petroleum & Chemical at a glance
- Company: China Petroleum & Chemical Corporation
- ISIN: CNE1000002Q2
- Ticker: 0386
- Price Lang & Schwarz as of October 21, 2026, 9:09 a.m. CEST: EUR 0.51
- Market capitalization: CNY 654.3 billion (as of October 21, 2026)
- 52-week range: CNY 4.43-8.11 (as of October 21, 2026)
- Sector / Industry: Energy / Oil and Gas Integrated
Market context: Latest market reports.
