S-Oil target price raised to a high of 20ten thousand won, highlighting its appeal as a high-dividend stock
S-Oil’s target price was raised to as high as 20ten thousand won. It was reported that, even as international oil prices fall, the lubricating base oil segment is raising expectations for record-high results and highlighting its dividend appeal through next year.
S-Oil’s target price has been raised to as high as 20ten thousand won, and its dividend appeal is being highlighted again. The news could draw growing interest from investors who place importance on dividends.
Securities firms raised expectations for a quarterly earnings surprise, citing strong performance in the lubricating base oil segment even as international oil prices fell.2The lubricating base oil segment is reportedly being seen as headed for record-high results.
As several securities firms raised their target prices one after another, the highest revised target was tallied at 20ten thousand won. In the same vein, it was also said that its appeal as a dividend stock is being highlighted through next year.
Despite volatility in international oil prices, the company’s outlook for lubricating base oil earnings was presented as the basis for the target price increase. Related announcements and earnings estimates were said to have been reflected in a securities firm report.
The company’s disclosure of a change in dividend policy was not mentioned separately in the main text. However, it was also reported that the brokerage community’s assessment raised dividend expectations.
For investment decisions, it is necessary to check the upcoming quarterly earnings announcement and the company’s dividend disclosure. Please refer to the company’s announcement materials for specific figures and disclosures.
Sources: 매일경제 증권
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