Favorable News Coverage Somewhat Likely to Impact Sasol (NYSE:SSL) Stock Price

Media headlines about Sasol (NYSE:SSL) have been trending positive on Thursday, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sasol earned a news sentiment score of 0.37 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the near term.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:

Shares of Sasol (NYSE SSL) opened at 29.31 on Thursday. The company’s 50-day moving average is $28.48 and its 200 day moving average is $29.36. Sasol has a 1-year low of $24.85 and a 1-year high of $32.40. The firm has a market cap of $83.18 million, a price-to-earnings ratio of 16.28 and a beta of 0.88.

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. cut shares of Sasol from an “overweight” rating to a “neutral” rating in a research report on Tuesday. BidaskClub raised shares of Sasol from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. HSBC Holdings plc raised shares of Sasol from a “hold” rating to a “buy” rating in a research report on Tuesday, March 28th. Finally, Zacks Investment Research cut shares of Sasol from a “hold” rating to a “sell” rating in a research report on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy”.

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About Sasol

Sasol Limited is an international integrated chemicals and energy company. The Company develops and commercializes technologies, and builds and operates facilities to produce a range of product streams, including liquid fuels, chemicals and low-carbon electricity. The Company’s operating business units include Mining and, Exploration and Production International.

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