Sinopec Shanghai Petrochemical - SHI Stock Forecast, Price & News

2 Wall Street equities 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 equities 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.
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Sinopec Shanghai Petrochemical's stock was trading at $22.75 at the start of the year. Since then, SHI stock has decreased by 29.9% and is now trading at $15.94.
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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 short-interest ratio is currently 1.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 26th 2022.
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Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI) announced its earnings results on Wednesday, April, 28th. The oil and gas company reported $1.67 earnings per share for the quarter, topping 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%.

Sinopec Shanghai Petrochemical announced an annual dividend on Wednesday, March 30th. Investors of record on Tuesday, June 28th will be paid a dividend of $1.571 per share on Monday, August 8th. This represents a yield of 6.6%. The ex-dividend date of this dividend 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.

Sinopec Shanghai Petrochemical (NYSE:SHI) pays an annual dividend of $1.29 per share and currently has a dividend yield of 8.01%. 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 36.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHI.

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).

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

Sinopec Shanghai Petrochemical's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Cambria Investment Management L.P. (0.02%), Veriti Management LLC (0.02%), Cerity Partners LLC (0.01%) and Credit Suisse AG (0.01%).
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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.
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One share of SHI stock can currently be purchased for approximately $15.94.

Sinopec Shanghai Petrochemical (NYSE:SHI) has a market capitalization of $1.73 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.

The company employs 8,230 workers across the globe.

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.