|Bid||0.00 x 3000|
|Ask||114.45 x 800|
|Day's Range||91.20 - 95.78|
|52 Week Range||91.20 - 119.29|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||9.49|
|Earnings Date||Jan 23, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||2.16 (2.11%)|
|1y Target Est||126.00|
As we already know from media reports and hedge fund investor letters, many hedge funds lost money in October, blaming macroeconomic conditions and unpredictable events that hit several sectors, with healthcare among them. Nevertheless, most investors decided to stick to their bullish theses and their long-term focus allows us to profit from the recent declines. […]
As of the close on December 6, LyondellBasell’s (LYB) dividend yield was 4.53%—the highest dividend yield recorded in the past six years on a sequential basis. Eastman Chemical (EMN), Celanese (CE), and Huntsman Chemical (HUN) have current dividend yields of 2.9%, 2.1%, and 3.2%, respectively. In comparison, LyondellBasell’s dividend yield is the best among the selected peers.
NEW YORK, Dec. 07, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
In a press release on December 5, LyondellBasell (LYB) announced that it had granted Spherizone licenses to China Petroleum Materials Limited (CPMC) and PetroChina Liaoyang Petrochemical (LYPC). LyondellBasell’s Spherizone is the latest polypropylene process technology with a multi-zone reactor that helps to produce high-performance polypropylene and other polyolefins.
In November, Ashland (ASH) was the biggest gainer among specialty chemical stocks. Ashland gained 11% in November and outperformed the S&P 500. The S&P 500 (SPY) gained 1.8% in November.
In a press release today, LyondellBasell (LYB) announced its fourth-quarter dividend. LyondellBasell’s board declared a dividend of $1.00 per share, which is flat compared to the dividend rate last quarter. Assuming no buybacks, LyondellBasell would pay $387.17 million in dividends.
As of November 28, Eastman Chemical (EMN) was trading at a one-year forward PE multiple of 8.7x, which is well below the two-year average of 10.5x. Celanese (CE) and Westlake Chemical (WLK) were trading at one-year forward PE multiples of 9.0x and 8.3x, respectively. The forward PE multiple is a valuation method that considers a company’s future earnings estimates.
Eastman Chemical (EMN) hit an all-time high of $109.30 in 2018. On a year-to-date basis, Eastman Chemical stock has declined 14.6%. Eastman Chemical stock has also underperformed Celanese (CE), which has declined 6.1%.
While specialty chemical companies face headwinds from trade tensions and raw material inflation, they should gain from healthy end-market demand and strategic initiatives.
In the previous part, we discussed Eastman Chemical’s (EMN) debt position and its debt-to-equity ratio. In this part, we’ll discuss Eastman Chemical’s free cash flow trend. We’ll see if Eastman Chemical’s free cash flow could bring down its debt level.
On November 28, Dow Chemical, which is part of DowDuPont (DWDP), announced that it called for a tender offer to redeem its outstanding principal amount of ~$2.11 billion carrying a coupon rate of 8.55% due on May 15, 2019. The tender offer will expire at 5:00 PM EST on December 4 until further notice of an extension or an earlier termination. Holders who tender their notes will receive the principal amount as well as the accrued and unpaid interest amount.
Celanese (CE) seems to be an attractive choice for investment based on its underlying strength, upbeat outlook and good growth prospects.
If you're looking for a profitable portfolio of stocks that will offer the best of value and growth investing, try the growth at a reasonable price or GARP strategy.
Celanese Corporation , a global specialty materials company, will increase list and off-list selling prices for the following product. The price increase below is for orders shipped and will be effective immediately, or as contracts otherwise allow, and are incremental to any previously announced increases.
Celanese Corporation , a global specialty materials company, today announced price increases for its Fortron® polyphenylene sulphide grades.