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NYSE:SHI

Sinopec Shanghai Petrochemical - SHI Stock Forecast, Price & News

$16.05
+0.31 (+1.97%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$15.61
$16.09
50-Day Range
$15.50
$20.13
52-Week Range
$14.97
$27.94
Volume
84,780 shs
Average Volume
17,509 shs
Market Capitalization
$1.74 billion
P/E Ratio
5.40
Dividend Yield
8.20%
Price Target
N/A

Sinopec Shanghai Petrochemical MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.02% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.22mentions of Sinopec Shanghai Petrochemical in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
36.25%
From $2.51 to $3.42 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.35 out of 5 stars

Basic Materials Sector

1st out of 171 stocks

Plastics Materials & Resins Industry

1st out of 13 stocks

SHI stock logo

About Sinopec Shanghai Petrochemical (NYSE:SHI) Stock

Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petroleum products in the People's Republic of China. It operates through five segments: Synthetic Fibers, Resins and Plastics, Intermediate Petrochemicals, Petroleum Products, and Trading of Petrochemical Products. The Synthetic Fibers segment produces polyesters, acrylic fibers, and carbon fibers that are primarily used in the textile and apparel industries. The Resins and Plastics segment produces polyester chips that are used to produce polyester fibers, coating, and containers; polyethylene resins and plastics, which are used to produce insulated cables and mulching films, as well as molded products, such as housewares and toys; and polypropylene resins that are used for films and sheets, as well as molded products, such as housewares, toys, consumer electronics, and automobile parts; and PVA granules. The Intermediate Petrochemicals segment produces p-xylene, benzene, and ethylene oxide, which are used as raw materials in the production of other petrochemicals, resins, plastics, and synthetic fibers. The Petroleum Products segment operates crude oil refinery facilities used to produce refined gasoline, fuel, diesel oil, heavy oil, and liquefied petroleum gas. The Trading of Petrochemical Products segment is involved in the import and export of petrochemical products. The company was founded in 1972 and is based in Shanghai, the People's Republic of China. Sinopec Shanghai Petrochemical Company Limited is a subsidiary of China Petroleum & Chemical Corporation.

Sinopec Shanghai Petrochemical Price Performance

Shares of NYSE:SHI traded up $0.31 during midday trading on Wednesday, reaching $16.05. The company's stock had a trading volume of 84,780 shares, compared to its average volume of 17,509. The company has a market cap of $1.74 billion, a P/E ratio of 5.40, a P/E/G ratio of 0.44 and a beta of 0.55. Sinopec Shanghai Petrochemical has a fifty-two week low of $14.97 and a fifty-two week high of $27.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.95 and a current ratio of 1.33. The business's 50 day moving average price is $17.04 and its two-hundred day moving average price is $19.16.

Wall Street Analyst Weigh In

A number of research analysts have commented on SHI shares. StockNews.com lowered Sinopec Shanghai Petrochemical from a "buy" rating to a "hold" rating in a report on Monday. Morgan Stanley downgraded shares of Sinopec Shanghai Petrochemical from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, June 28th. Finally, JPMorgan Chase & Co. cut shares of Sinopec Shanghai Petrochemical from a "neutral" rating to an "underweight" rating in a research note on Tuesday, April 19th.

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SHI Stock News Headlines

Can Chinese Stocks Rebound In 2022?
Sanmina Corporation (SANM): Hedge Funds Are Snapping Up
Sinopec Shanghai: On The Path Of Recovery
Sinopec Shanghai Petrochemical Company Limited (SHI.F)
See More Headlines
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SHI Company Calendar

Last Earnings
4/28/2021
Ex-Dividend for 8/8 Dividend
6/27/2022
Dividend Payable
8/08/2022
Today
8/17/2022
Next Earnings (Estimated)
8/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Plastics materials & resins
Sub-Industry
N/A
Employees
8,230
Year Founded
N/A

Profitability

Net Income
$321.38 million
Pretax Margin
3.59%

Debt

Sales & Book Value

Annual Sales
$13.83 billion
Cash Flow
$5.55 per share
Book Value
$43.50 per share

Miscellaneous

Free Float
107,156,000
Market Cap
$1.74 billion
Optionable
Not Optionable
Beta
0.55

Key Executives

  • Mr. Haijun Wu (Age 60)
    Exec. Chairman
    Comp: $169.18k
  • Mr. Zemin Guan (Age 58)
    Pres & Vice Chairman
    Comp: $181.34k
  • Mr. Jun Du (Age 52)
    Deputy Pres, CFO & Exec. Director
    Comp: $154.06k
  • Mr. Gang Liu (Age 50)
    Joint Company Sec. & Gen. Counsel
  • Mr. Xiangyu Huang (Age 54)
    Deputy Pres & Exec. Director
    Comp: $149.46k
  • Mr. Hongjun Chen (Age 51)
    Supervisor, VP of Labour Union, Director of Public Affairs Dept. and VP of Assoc of Science & Tech
  • Mr. Feng Zhang (Age 53)
    Employee Representative Supervisor & Auditing Director
  • Peilin Wang
    Chief Expert
  • Ms. Sze Ting Chan A.C.S. (Age 40)
    Joint Company Sec. & Process Agent
  • Mr. Peng Yi
    Assistant Mang.













SHI Stock - Frequently Asked Questions

Should I buy or sell Sinopec Shanghai Petrochemical stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sinopec Shanghai Petrochemical in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SHI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHI, but not buy additional shares or sell existing shares.
View SHI analyst ratings
or view top-rated stocks.

How have SHI shares performed in 2022?

Sinopec Shanghai Petrochemical's stock was trading at $22.75 at the beginning of 2022. Since then, SHI shares have decreased by 29.5% and is now trading at $16.05.
View the best growth stocks for 2022 here
.

Are investors shorting Sinopec Shanghai Petrochemical?

Sinopec Shanghai Petrochemical saw a increase in short interest in July. As of July 15th, there was short interest totaling 18,400 shares, an increase of 36.3% from the June 30th total of 13,500 shares. Based on an average daily trading volume, of 16,700 shares, the days-to-cover ratio is currently 1.1 days.
View Sinopec Shanghai Petrochemical's Short Interest
.

When is Sinopec Shanghai Petrochemical's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 26th 2022.
View our SHI earnings forecast
.

How were Sinopec Shanghai Petrochemical's earnings last quarter?

Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI) issued its quarterly earnings data on Wednesday, April, 28th. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.49. The oil and gas company earned $3.14 billion during the quarter. Sinopec Shanghai Petrochemical had a net margin of 2.32% and a trailing twelve-month return on equity of 6.85%.

How often does Sinopec Shanghai Petrochemical pay dividends? What is the dividend yield for Sinopec Shanghai Petrochemical?

Sinopec Shanghai Petrochemical declared an annual dividend on Wednesday, March 30th. Investors of record on Tuesday, June 28th will be given a dividend of $1.571 per share on Monday, August 8th. This represents a dividend yield of 6.6%. The ex-dividend date is Monday, June 27th. This is a positive change from the stock's previous annual dividend of $1.53.
Read our dividend analysis for SHI
.

Is Sinopec Shanghai Petrochemical a good dividend stock?

Sinopec Shanghai Petrochemical (NYSE:SHI) pays an annual dividend of $1.29 per share and currently has a dividend yield of 8.20%. SHI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 43.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHI will have a dividend payout ratio of 37.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHI.

What other stocks do shareholders of Sinopec Shanghai Petrochemical own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sinopec Shanghai Petrochemical investors own include Procter & Gamble (PG), Pfizer (PFE), Verizon Communications (VZ), Alibaba Group (BABA), Wells Fargo & Company (WFC), AT&T (T), AbbVie (ABBV), Salesforce (CRM), Walt Disney (DIS) and Intel (INTC).

What is Sinopec Shanghai Petrochemical's stock symbol?

Sinopec Shanghai Petrochemical trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHI."

Who are Sinopec Shanghai Petrochemical's major shareholders?

Sinopec Shanghai Petrochemical's stock is owned by many different institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (0.30%), Cambria Investment Management L.P. (0.02%), Veriti Management LLC (0.02%), Natixis Advisors L.P. (0.01%), Cerity Partners LLC (0.01%) and Credit Suisse AG (0.01%).
View institutional ownership trends
.

How do I buy shares of Sinopec Shanghai Petrochemical?

Shares of SHI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sinopec Shanghai Petrochemical's stock price today?

One share of SHI stock can currently be purchased for approximately $16.05.

How much money does Sinopec Shanghai Petrochemical make?

Sinopec Shanghai Petrochemical (NYSE:SHI) has a market capitalization of $1.74 billion and generates $13.83 billion in revenue each year. The oil and gas company earns $321.38 million in net income (profit) each year or $2.97 on an earnings per share basis.

How many employees does Sinopec Shanghai Petrochemical have?

The company employs 8,230 workers across the globe.

How can I contact Sinopec Shanghai Petrochemical?

Sinopec Shanghai Petrochemical's mailing address is JINSHAWEI SHANGHAI 48 JINVI RD, SHANGHAI F5, 200540. The official website for the company is en.spc.com.cn. The oil and gas company can be reached via phone at 011-86-21-5794-3143, via email at spc@spc.com, or via fax at 86-21-5794-0050.

This page (NYSE:SHI) was last updated on 8/17/2022 by MarketBeat.com Staff

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