Press coverage about SINOPEC Shangai Petrochemical (NYSE:SHI) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SINOPEC Shangai Petrochemical earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.0406195266468 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
SHI has been the subject of several research reports. ValuEngine raised shares of SINOPEC Shangai Petrochemical from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Instinet raised shares of SINOPEC Shangai Petrochemical from a “reduce” rating to a “neutral” rating in a research report on Wednesday, August 9th. BidaskClub raised shares of SINOPEC Shangai Petrochemical from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Finally, Nomura raised shares of SINOPEC Shangai Petrochemical to a “neutral” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a strong buy rating to the stock. SINOPEC Shangai Petrochemical currently has a consensus rating of “Buy”.
Shares of SINOPEC Shangai Petrochemical (NYSE:SHI) opened at 61.70 on Friday. SINOPEC Shangai Petrochemical has a 12 month low of $48.82 and a 12 month high of $64.80. The company has a market cap of $6.66 billion, a P/E ratio of 8.01 and a beta of 0.49. The stock’s 50 day moving average is $60.87 and its 200 day moving average is $57.61.
SINOPEC Shangai Petrochemical Company Profile
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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