NEW YORK, December 13, 2016 /PRNewswire/ --
Today, Stock-Callers.com highlights the performances of four major players in the Diversified Chemicals space: Gevo Inc. (NASDAQ: GEVO), The Dow Chemical Co. (NYSE: DOW), Huntsman Corp. (NYSE: HUN), and Celanese Corp. (NYSE: CE). As per an article on Zacks, the US Chemical industry remains on course for growth this year and in 2017 despite a strong dollar and a low oil price environment. Additionally, the American Chemistry Council said that U.S. chemical production would rise 1.6% in 2016 and 3.7% in 2017. Learn more about these stocks by accessing their free research reports at:
Shares in Englewood, Colorado headquartered Gevo Inc. saw a decline of 13.89%, ending Monday's trading session at $0.23. The stock recorded a trading volume of 8.71 million shares, which was above its three months average volume of 5.90 million shares. The Company's shares are trading 39.34% below their 50-day moving average. Moreover, shares of Gevo, which focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks, have a Relative Strength Index (RSI) of 23.79.
On November 14th, 2016, Gevo reported revenues of $6.9 million for Q3 2016 compared to $8.0 million in Q3 2015. During Q3 2016, revenues derived at the Luverne plant were $6.4 million, a decrease of approximately $1.2 million from Q3 2015. The company's net loss for Q3 2016 was $9.8 million compared to $6.5 million in Q3 2015. The Company's cash position at September 30th, 2016 was $31.1 million. Free research report on GEVO is available at:
Midland, Michigan headquartered The Dow Chemical Co.'s stock rose 0.97%, closing the day at $58.27. A total volume of 10.20 million shares was traded, which was above their three months average volume of 6.79 million shares. The Company's shares have advanced 7.61% in the last month, 12.96% in the previous three months, and 16.29% on an YTD basis. The stock is trading 7.90% and 12.20% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Dow Chemical, which manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide, have an RSI of 77.56.
On December 09th, 2016, Dow Chemical announced that it will invest in a new, state-of-the-art innovation center in Midland, Michigan. The innovation center will support approximately 200 research and development jobs in Michigan, including 100 newly created jobs while repatriating 100 jobs from other Dow facilities throughout the globe to Midland. The complimentary research report on DOW can be downloaded at:
On Monday, shares in The Woodlands, Texas headquartered Huntsman Corp. recorded a trading volume of 5.85 million shares, which was higher than their three months average volume of 3.39 million shares. The stock ended the day 2.56% lower at $19.79. The Company's shares have gained 6.40% in the past month, 37.34% over the previous three months, and 78.74% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 11.72% and 28.38%, respectively. Furthermore, shares of Huntsman, which together with its subsidiaries, manufactures and sells differentiated organic and inorganic chemical products worldwide, have an RSI of 62.00.
On November 15th, 2016, Huntsman announced that its wholly owned subsidiary, Huntsman International LLC, closed a new $350 million term loan B due 2021 and a new $1.38 billion term loan B due 2023. Proceeds from the new term loans were used to repay in full its previous term loan B due 2021 and term loan B due 2023. As a result of this refinancing, the Company extended $829 million of term loan maturities from 2021 to 2023 and did not increase its overall indebtedness.
Yesterday, research firm Goldman downgraded the Company's stock rating from 'Buy' to 'Neutral'. Visit us today and access our complete research report on HUN at:
Irving, Texas headquartered Celanese Corp.'s stock climbed 0.39%, finishing yesterday's session at $83.10 with a total trading volume of 626,520 shares. The Company's shares have advanced 8.93% in the last one month, 36.99% in the previous three months, and 26.03% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 13.59% and 22.23%, respectively. Additionally, shares of Celanese, which manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide, have an RSI of 78.77.
On December 01st, 2016, research firm Cowen reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $80 a share to $88 a share.
On December 02nd, 2016, Celanese announced that it will increase list and off-list selling prices for paraformaldehyde. The company stated that the price increase of $0.035 USD/lb for Paraformaldehyde 91-93% will be effective December 15th, 2016, or as contracts allow. Get free access to your research report on CE at:
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