Sinopec Shanghai Petrochemical (SHI) Getting Somewhat Negative News Coverage, Study Finds
Press coverage about Sinopec Shanghai Petrochemical (NYSE:SHI) has trended somewhat negative this week, according to AlphaOne. The research firm, a division of Accern, identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sinopec Shanghai Petrochemical earned a daily sentiment score of -0.07 on AlphaOne’s scale. AlphaOne also gave news coverage about the oil and gas company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
Sinopec Shanghai Petrochemical (NYSE:SHI) traded down 0.86% during midday trading on Friday, hitting $56.81. 12,819 shares of the stock traded hands. The firm has a market cap of $6.14 billion, a PE ratio of 7.10 and a beta of 0.68. The company’s 50 day moving average price is $57.42 and its 200 day moving average price is $55.95. Sinopec Shanghai Petrochemical has a 12 month low of $42.64 and a 12 month high of $64.80.
The firm also recently declared an annual dividend, which will be paid on Monday, July 24th. Stockholders of record on Monday, June 19th will be issued a dividend of $3.6279 per share. The ex-dividend date is Thursday, June 15th. This is a boost from Sinopec Shanghai Petrochemical’s previous annual dividend of $1.32. This represents a dividend yield of 6.43%. Sinopec Shanghai Petrochemical’s dividend payout ratio is currently 18.06%.
Separately, Zacks Investment Research upgraded shares of Sinopec Shanghai Petrochemical from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective on the stock in a research report on Saturday, March 18th.
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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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