NYSE:SHISinopec Shanghai Petrochemical Stock Price, Forecast & News

$24.64

-0.33 (-1.32 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$24.42

Now: $24.64▼

$24.92

50-Day Range

$24.64

MA: $26.12▼

$28.62

52-Week Range

$21.25

Now: $24.64▼

$45.39

Volume66,300 shs

Average Volume45,821 shs

Market Capitalization$2.66 billion

P/E Ratio44.00

Dividend Yield13.07%

Beta0.78

Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petrochemical products in the People's Republic of China. The company operates through five segments: Synthetic Fibres, Resins and Plastics, Intermediate Petrochemicals, Petroleum Products, and Trading of Petrochemical Products. The Synthetic Fibres segment produces polyester, 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 distillation facilities that produce vacuum and atmospheric gas oils used as feedstock; and residual oil and low octane gasoline fuels, as well as produces various fuels, such as diesel oil, jet fuel, heavy oil, and liquefied petroleum gas for transportation, industry, and household heating applications. 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.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

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

2.2 Community Rank

Outperform Votes
Sinopec Shanghai Petrochemical has received 168 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Sinopec Shanghai Petrochemical has received 216 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Sinopec Shanghai Petrochemical has received 56.25% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Sinopec Shanghai Petrochemical and other stocks. Vote “Outperform” if you believe SHI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SHI will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Sinopec Shanghai Petrochemical is a leading dividend payer. It pays a dividend yield of 13.07%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Sinopec Shanghai Petrochemical has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Sinopec Shanghai Petrochemical is 110.65 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Sinopec Shanghai Petrochemical will have a dividend payout ratio of 100.94 % in the coming year. This indicates that Sinopec Shanghai Petrochemical may not be able to sustain their current dividend.

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 1.20% of the stock of Sinopec Shanghai Petrochemical is held by institutions.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Sinopec Shanghai Petrochemical are expected to grow by 66.15% in the coming year, from $1.92 to $3.19 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sinopec Shanghai Petrochemical is 44.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sinopec Shanghai Petrochemical is 44.00, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 18.75.
Price to Earnings Growth Ratio
Sinopec Shanghai Petrochemical has a PEG Ratio of 2.54. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Sinopec Shanghai Petrochemical has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.27 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Plastics materials & resins

Sub-IndustryN/A

SectorBasic Materials

Current SymbolNYSE:SHI

Previous Symbol

CUSIPN/A

CIK908732

Weben.spc.com.cn

Phone86-21-5794-3143

Debt

Debt-to-Equity RatioN/A

Current Ratio1.42

Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio44.00

Forward P/E Ratio12.83

P/E Growth2.54

Sales & Book Value

Annual Sales$14.24 billion

Price / Sales0.19

Cash Flow$5.09 per share

Price / Cash Flow4.84

Book Value$38.14 per share

Price / Book0.65

Profitability

EPS (Most Recent Fiscal Year)$2.91

Net Income$320.62 million

Net Margins0.43%

Return on Equity1.37%

Return on Assets0.94%

Miscellaneous

Employees8,878

Outstanding Shares108,000,000

Market Cap$2.66 billion

Next Earnings Date8/19/2020 (Estimated)

OptionableNot Optionable

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Sinopec Shanghai Petrochemical (NYSE:SHI) Frequently Asked Questions

How has Sinopec Shanghai Petrochemical's stock been impacted by COVID-19 (Coronavirus)?

Sinopec Shanghai Petrochemical's stock was trading at $26.71 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SHI shares have decreased by 7.7% and is now trading at $24.64. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Sinopec Shanghai Petrochemical?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sinopec Shanghai Petrochemical in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Sinopec Shanghai Petrochemical.

When is Sinopec Shanghai Petrochemical's next earnings date?

Sinopec Shanghai Petrochemical is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020. View our earnings forecast for Sinopec Shanghai Petrochemical.

How were Sinopec Shanghai Petrochemical's earnings last quarter?

Sinopec Shanghai Petrochemical Co. (NYSE:SHI) released its quarterly earnings data on Wednesday, April, 29th. The oil and gas company reported ($1.59) earnings per share (EPS) for the quarter. The oil and gas company earned $2.57 billion during the quarter. Sinopec Shanghai Petrochemical had a net margin of 0.43% and a return on equity of 1.37%. View Sinopec Shanghai Petrochemical's earnings history.

Has Sinopec Shanghai Petrochemical been receiving favorable news coverage?

Headlines about SHI stock have trended extremely negative recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sinopec Shanghai Petrochemical earned a media sentiment score of -4.6 on InfoTrie's scale. They also assigned news articles about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutSinopec Shanghai Petrochemical.

Who are some of Sinopec Shanghai Petrochemical's key competitors?

Some companies that are related to Sinopec Shanghai Petrochemical include Eastman Chemical (EMN), Albemarle (ALB), Hexcel (HXL), PolyOne (POL), Rogers (ROG), Trinseo (TSE), Kraton (KRA), AdvanSix (ASIX), Cereplast (CERPQ) and ForceField Energy (FNRG). View all competitors.

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), Alibaba Group (BABA), Walt Disney (DIS), AT&T (T), Verizon Communications (VZ), Wells Fargo & Co (WFC), AbbVie (ABBV), salesforce.com (CRM), General Motors (GM) and Broadcom (AVGO).

Who are Sinopec Shanghai Petrochemical's key executives?

Sinopec Shanghai Petrochemical's management team includes the following people:

Mr. Meiyun Zhou, VP, Deputy GM, CFO & Exec. Director (Age 49)
Mr. Qiang Jin, VP & Exec. Director (Age 54)
Mr. Wenmin Jin, VP & Exec. Director (Age 54)
Mr. Xiaojun Guo, VP, Sec. to Board of Directors & Exec. Director (Age 49)
Mr. Wei Shi, Pres, GM & Non-Independent Director (Age 59)

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 Aperio Group LLC (0.19%), Parametric Portfolio Associates LLC (0.13%), Virtus ETF Advisers LLC (0.05%), Jane Street Group LLC (0.03%), BlackRock Inc. (0.03%) and Morgan Stanley (0.03%). View institutional ownership trends for Sinopec Shanghai Petrochemical.

Which major investors are selling Sinopec Shanghai Petrochemical stock?

SHI stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, BlackRock Inc., Parametric Portfolio Associates LLC, Yorktown Management & Research Co Inc, Deutsche Bank AG, Signaturefd LLC, and Parallel Advisors LLC. View insider buying and selling activity for Sinopec Shanghai Petrochemical.

Which major investors are buying Sinopec Shanghai Petrochemical stock?

SHI stock was acquired by a variety of institutional investors in the last quarter, including Aperio Group LLC, Virtus ETF Advisers LLC, Jane Street Group LLC, Wetherby Asset Management Inc., Quantum Capital Management, Aigen Investment Management LP, and Lindbrook Capital LLC. View insider buying and selling activity for Sinopec Shanghai Petrochemical.

How do I buy shares of Sinopec Shanghai Petrochemical?

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

What is Sinopec Shanghai Petrochemical's stock price today?

One share of SHI stock can currently be purchased for approximately $24.64.

How big of a company is Sinopec Shanghai Petrochemical?

Sinopec Shanghai Petrochemical has a market capitalization of $2.66 billion and generates $14.24 billion in revenue each year. The oil and gas company earns $320.62 million in net income (profit) each year or $2.91 on an earnings per share basis. Sinopec Shanghai Petrochemical employs 8,878 workers across the globe.

What is Sinopec Shanghai Petrochemical's official website?

The official website for Sinopec Shanghai Petrochemical is en.spc.com.cn.

How can I contact Sinopec Shanghai Petrochemical?

Sinopec Shanghai Petrochemical's mailing address is JINSHAWEI SHANGHAI 48 JINVI RD, SHANGHAI F5, 200540. The oil and gas company can be reached via phone at 86-21-5794-3143 or via email at [email protected]

This page was last updated on 5/30/2020 by MarketBeat.com Staff