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)

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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: 0.22
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

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Sinopec Shanghai Petrochemical.

5.0

Short Interest

Percentage of Shares Shorted
0.02% of the outstanding shares of Sinopec Shanghai Petrochemical have been sold short.
Short Interest Ratio / Days to Cover
Sinopec Shanghai Petrochemical has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Sinopec Shanghai Petrochemical has recently decreased by 5.43%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Sinopec Shanghai Petrochemical is a leading dividend payer. It pays a dividend yield of 8.20%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Sinopec Shanghai Petrochemical does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Sinopec Shanghai Petrochemical is 43.43%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Sinopec Shanghai Petrochemical will have a dividend payout ratio of 37.72% next year. This indicates that Sinopec Shanghai Petrochemical will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SHI.

1.8

News and Social Media Coverage

News Sentiment
Sinopec Shanghai Petrochemical has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.33 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Sinopec Shanghai Petrochemical this week, compared to 0 articles on an average week.
Search Interest
Only 2 people have searched for SHI on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Sinopec Shanghai Petrochemical to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sinopec Shanghai Petrochemical insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Sinopec Shanghai Petrochemical is held by insiders.
Percentage Held by Institutions
Only 0.85% of the stock of Sinopec Shanghai Petrochemical is held by institutions.

5.0

Earnings and Valuation

Earnings Growth
Earnings for Sinopec Shanghai Petrochemical are expected to grow by 36.25% in the coming year, from $2.51 to $3.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sinopec Shanghai Petrochemical is 5.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sinopec Shanghai Petrochemical is 5.40, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 88.23.
Price to Earnings Growth Ratio
Sinopec Shanghai Petrochemical has a PEG Ratio of 0.44. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Sinopec Shanghai Petrochemical has a P/B Ratio of 0.37. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

August 17, 2022 | americanbankingnews.com

Sinopec Shanghai Petrochemical (NYSE:SHI) Sees Large Volume Increase

August 16, 2022 | americanbankingnews.com

StockNews.com Downgrades Sinopec Shanghai Petrochemical (NYSE:SHI) to Hold

August 15, 2022 | finance.yahoo.com

China Stocks With US Listings Slump as NYSE Exit Gathers Pace

August 12, 2022 | 247wallst.com

Five Of China’s Largest State-Owned Firms Reveal Plans To Delist From NYSE

August 12, 2022 | finance.yahoo.com

Five Chinese Companies Say They Plan to Delist From the New York Stock Exchange

August 12, 2022 | finance.yahoo.com

Five Chinese state-owned companies set to leave the New York Stock Exchange

August 12, 2022 | finance.yahoo.com

Sinopec Shanghai Petrochemical Company Limited Announces Intention to Delist American Depositary Shares from the New York Stock Exchange and Intention to Deregister and Terminate Reporting Obligations

August 12, 2022 | finance.yahoo.com

Leading Chinese companies announce delisting plans from the NYSE

July 11, 2022 | seekingalpha.com

Sinopec Shanghai: Uncertainties Around Ability To Pass On Costs To Consumers

July 2, 2022 | morningstar.com

Sinopec Shanghai Petrochemical Co Ltd ADR - Stock Quote SHI

June 20, 2022 | reuters.com

UPDATE 1-Sinopec Shanghai Petchem shut crude, ethylene units after fire - spokesperson

June 17, 2022 | reuters.com

Fire at Sinopec Shanghai Petchem plant under control - company

June 17, 2022 | finance.yahoo.com

UPDATE 1-Fire at Sinopec Shanghai Petchem plant under control - company

May 9, 2022 | nasdaq.com

Sinopec Shanghai Petrochemical (SHI) Shares Enter Oversold Territory

April 28, 2022 | finance.yahoo.com

Sinopec Shanghai Petrochemical Company Limited Files 2021 Annual Report on Form 20-F

January 15, 2022 | msn.com

Can Chinese Stocks Rebound In 2022?

November 19, 2021 | nasdaq.com

Sinopec Shanghai Petrochemical Breaks Above 200-Day Moving Average - Bullish for SHI

November 5, 2021 | nasdaq.com

Sinopec Shanghai Petrochemical Stock Getting Very Oversold

October 25, 2021 | finance.yahoo.com

Sanmina Corporation (SANM): Hedge Funds Are Snapping Up

April 29, 2021 | finance.yahoo.com

Sinopec Shanghai Petrochemical Company Limited Files 2020 Annual Report on Form 20-F

April 18, 2021 | uk.finance.yahoo.com

Sinopec Shanghai Petrochemical Co Stock Gives Every Indication Of Being Possible Value Trap

March 31, 2021 | seekingalpha.com

Sinopec Shanghai: Higher-Than-Expected FY 2020 Dividend Was A Positive Surprise

November 20, 2020 | seekingalpha.com

Sinopec Shanghai: On The Path Of Recovery

October 14, 2020 | in.finance.yahoo.com

Sinopec Shanghai Petrochemical Company Limited (SHI.F)

September 6, 2020 | msn.com

SPC vs VCC Dream11 Team Prediction Dutch T20 Cup 2020: Captain, Fantasy Playing Tips, Probable XIs For Todays Voorburg Cricket Club vs Sparta Cricket Club at Sportpark ...

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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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Plastics materials & resins
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:SHI
CUSIP: N/A
CIK: 908732
Web: en.spc.com.cn
Phone: 011-86-21-5794-3143
Fax: 86-21-5794-0050
Employees: 8,230
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $2.97
Trailing P/E Ratio: 5.40
Forward P/E Ratio: 6.39
P/E Growth: 0.44
Net Income: $321.38 million
Net Margins: 2.32%
Pretax Margin: 3.59%
Return on Equity: 6.85%
Return on Assets: 4.49%

Debt

Debt-to-Equity Ratio: 0.02
Current Ratio: 1.33
Quick Ratio: 0.95

Sales & Book Value

Annual Sales: $13.83 billion
Price / Sales: 0.13
Cash Flow: $5.55 per share
Price / Cash Flow: 2.89
Book Value: $43.50 per share
Price / Book: 0.37

Miscellaneous

Outstanding Shares: 108,238,000
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.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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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Sinopec Shanghai Petrochemical - SHI Stock Forecast, Price & News

Sinopec Shanghai Petrochemical MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Sinopec Shanghai Petrochemical (NYSE:SHI) Stock

Sinopec Shanghai Petrochemical Price Performance

Wall Street Analyst Weigh In

SHI Stock News Headlines

SHI Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SHI Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™