20.06 -0.08 (-0.41%)
After hours: 4:26PM EDT
|Bid||20.08 x 800|
|Ask||22.00 x 1400|
|Day's Range||19.84 - 20.28|
|52 Week Range||18.99 - 28.33|
|Beta (3Y Monthly)||1.70|
|PE Ratio (TTM)||19.33|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||0.68 (3.44%)|
|1y Target Est||29.33|
For many, the main point of investing is to generate higher returns than the overall market. But every investor is...
(Bloomberg) -- Philadelphia Energy Solutions filed for bankruptcy protection and reached a financing agreement with debt holders as the fuel-making company grapples with the aftermath of a June explosion and fire at its oil refinery that forced it to shut operations.The company submitted Chapter 11 petitions at the U.S. Bankruptcy Court for the District of Delaware on Sunday. It also entered into a proposed debtor-in-possession financing agreement with holders of its outstanding term loan debt for up to $100 million, the company said in a statement.The moves provide the company “with the additional financing and liquidity necessary to ensure we can safely wind down our refining operations,” Chief Executive Officer Mark Smith said in the statement.It will be the company’s second trip to bankruptcy court in less than two years, after emerging from Chapter 11 in August 2018. Estimated liabilities for this round are as high as $10 billion, according to the recent filings. The East Coast’s largest oil refiner said in June that it was dismissing more than 1,000 workers and shutting its plant, which could process 335,000 barrels of crude oil a day. There’s been little impact on gasoline prices in the eastern U.S. from the fire, with European refiners filling the gap.A unit of Dallas-based Trinity Industries Inc. holds the largest unsecured claim, of almost $4.1 million, the court filings show. CSX Transportation Inc. and BNSF Railway Co. are the next biggest, at $3.9 million and $3.5 million, respectively.Last month, a leak at an alkylation unit, which is used to make high-octane gasoline, triggered explosions and fire that stopped the refinery’s Girard Point section. The Point Breeze section -- which had been running at a reduced rate and was on track to run out of crude by Sunday night -- received about 500,000 barrels of crude over the weekend, enough to keep operating for another 6 days, according to a person familiar with the matter.However, the company has told some employees it plans to shut the plant Tuesday, according to a different person.The loan would allow the company to shut down safely, after which it would pursue claims under its $1.25 billion of insurance coverage, a person familiar with the matter said earlier this month.The company referred to the shutdown of the refinery as a suspension, and said in the statement it will “work on a comprehensive resolution with its stakeholders and insurers in the weeks ahead with the goal of rebuilding the damaged facilities.”(Updates with crude supply in sixth paragraph, insurance coverage in eighth paragraph)\--With assistance from Niluksi Koswanage, Finbarr Flynn, Barbara Powell and Allison McNeely.To contact the reporter on this story: Stephen Stapczynski in Singapore at firstname.lastname@example.orgTo contact the editors responsible for this story: Ramsey Al-Rikabi at email@example.com, David Marino, Mike JeffersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Trinity Industries (TRN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Trinity Industries, Inc. (TRN) (“Trinity”) announced today that it will report its financial results for the three months and six months ended June 30, 2019 after the financial markets close on July 24, 2019. Trinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that are leading providers of rail transportation products and services in North America. Trinity also owns businesses engaged in the manufacture of products used on the nation’s roadways and in traffic control, as well as logistical and transportation businesses that provide support services to a variety of industrial manufacturers.
Trinity Industries, Inc. (NYSE:TRN), which is in the machinery business, and is based in United States, received a lot...
1. (TRN) is a special-situation stock that has undergone a dramatic business transformation resulting in a more focused, less cyclical company. 3. Hybrid business model of railcar manufacturing and leasing business is not well understood, creating market inefficiency and valuation opportunity. 5. Trinity has a very enviable competitive position in the railcar equipment value chain as the dominant manufacturer and a market-leading leasing and management company.
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]
Trinity Industries Inc NYSE:TRNView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate * Economic output in this company's sector is contracting Bearish sentimentShort interest | NeutralShort interest is moderate for TRN with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $743 million over the last one-month into ETFs that hold TRN are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
A look at the shareholders of Trans Polonia S.A. (WSE:TRN) can tell us which group is most powerful. Large companies...
In 1999 Tim Wallace was appointed CEO of Trinity Industries, Inc. (NYSE:TRN). This report will, first, examine the CEO...
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Trinity Industries (TRN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Trinity's (TRN) new railcar maintenance services facility will offer repairs and maintenance, coatings, cleaning, inspections as well as testing.
A Trinity Industries (NYSE: TRN) subsidiary has bought 230 acres in Iowa to construct a multi-million-dollar railcar maintenance facility. TrinityRail Maintenance Services will build the facility in Shell Rock, Iowa, with operations expected to start by the end of 2020. The facility will be near the Iowa Northern shortline railroad, which provides transloading services and supports the local grain and renewable energy industries.