Sinopec Shanghai Petrochemical (SHI) Given Media Impact Rating of 0.16

News coverage about Sinopec Shanghai Petrochemical (NYSE:SHI) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sinopec Shanghai Petrochemical earned a news impact score of 0.16 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 45.2369135329288 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Shares of SHI stock traded up $0.31 during trading hours on Friday, hitting $62.31. 37,187 shares of the company were exchanged, compared to its average volume of 25,196. The firm has a market cap of $6,696.00, a P/E ratio of 7.50 and a beta of 0.65. Sinopec Shanghai Petrochemical has a 1 year low of $50.67 and a 1 year high of $64.43.

The business also recently disclosed an annual dividend, which will be paid on Monday, July 23rd. Stockholders of record on Tuesday, June 19th will be issued a dividend of $4.7647 per share. This is a positive change from Sinopec Shanghai Petrochemical’s previous annual dividend of $3.63. This represents a dividend yield of 7.91%. The ex-dividend date is Monday, June 18th. Sinopec Shanghai Petrochemical’s dividend payout ratio is presently 39.23%.

SHI has been the topic of several analyst reports. Zacks Investment Research raised shares of Sinopec Shanghai Petrochemical from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Wednesday. Citigroup raised shares of Sinopec Shanghai Petrochemical from a “sell” rating to a “buy” rating in a research note on Tuesday, February 27th. Finally, ValuEngine lowered shares of Sinopec Shanghai Petrochemical from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Two investment 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 stock. The company currently has a consensus rating of “Buy” and a consensus target price of $68.00.

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About Sinopec Shanghai Petrochemical

Sinopec Shanghai Petrochemical Company Limited (Shanghai Petrochemical) is a petrochemical company. The Company and its subsidiaries are principally engaged in processing crude oil into synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products. The Company operates in five operating segments.

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