News articles about Sinopec Shanghai Petrochemical (NYSE:SHI) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sinopec Shanghai Petrochemical earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 44.9335825158111 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Sinopec Shanghai Petrochemical (NYSE:SHI) traded up $1.09 on Thursday, reaching $57.49. 31,520 shares of the company’s stock were exchanged, compared to its average volume of 23,767. The stock has a market capitalization of $9,170.00, a PE ratio of 6.85 and a beta of 0.54. Sinopec Shanghai Petrochemical has a 52-week low of $50.67 and a 52-week high of $64.80.
Separately, ValuEngine upgraded shares of Sinopec Shanghai Petrochemical from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy”.
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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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