NEW YORK, February 22, 2017 /PRNewswire/ --
For today, Stock-Callers.com reviews the current performances of the following four stocks: Olin Corp. (NYSE: OLN), Westlake Chemical Corp. (NYSE: WLK), W. R. Grace & Co. (NYSE: GRA), and Methanex Corp. (NASDAQ: MEOH). These companies are part of the Specialty Chemicals space, which is engaged in the manufacturing, transporting, and selling of various chemical products including agricultural products, natural gas, and construction chemicals. Sign up today and download for free the research reports for the stocks covered today at:
Clayton, Missouri headquartered Olin Corp.'s stock finished Tuesday's session 5.28% higher at $32.49. A total volume of 4.70 million shares was traded, which was above their three months average volume of 2.18 million shares. Over the last month and the previous three months, the Company's shares have advanced 22.79% and 31.11%, respectively. Additionally, the stock has gained 27.73% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 19.78% and 40.07%, respectively. Moreover, shares of Olin, which manufactures and distributes chemical products in the US and internationally, have a Relative Strength Index (RSI) of 75.59.
On January 31st, 2017, Olin reported Q4 2016 net income of $17.5 million, or $0.10 per diluted share. The Company's Q4 2016 adjusted EBITDA was $221.7 million. Olin generated sales of $1.39 billion in Q4 2016.
On February 10th, 2017, research firm Cowen reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $32 a share to $37 a share. OLN complete research report is just a click away at:
Shares in Houston, Texas headquartered Westlake Chemical Corp. jumped 6.70%, ending yesterday's session at $65.79. A total volume of 2.76 million shares was traded, which was higher than their three months average volume of 860,240 shares. The stock has gained 7.80% in the past month, 24.09% in the previous three months, and 17.50% on an YTD basis. The Company's shares are trading 9.39% above their 50-day moving average and 27.85% above their 200-day moving average. Moreover, shares of Westlake Chemical, which manufactures and markets basic chemicals, vinyls, polymers, and building products, have an RSI of 63.03.
On February 09th, 2017, research firm Citigroup initiated a 'Buy' rating on the Company's stock, with a target price of $72 per share.
On February 21st, 2017, Westlake reported net income of $98.9 million, or $0.76 per diluted share, on net sales of $1.73 billion for Q4 2016, compared to Q4 2015 net income of $111.0 million, or $0.84 per diluted share, on net sales of $986.8 million. The complimentary report on WLK can be downloaded at:
On Tuesday, Columbia, Maryland headquartered W.R. Grace & Co.'s stock rose 0.60%, to close the day at $71.76 with a total trading volume of 578,342 shares. The Company's shares have advanced 3.86% in the last one month, 6.48% in the previous three months, and 6.09% on an YTD basis. The stock is trading 3.43% above its 50-day moving average. Additionally, shares of W.R. Grace, which produces and sells specialty chemicals and materials worldwide, have an RSI of 58.04.
On February 07th, 2017, research firm Robert W. Baird upgraded the Company's stock rating from 'Neutral' to 'Outperform' while revising its previous target price from $76 a share to $85 a share.
On February 13th, 2017, W.R. Grace announced that in Q4 2016, the Company contracted to license its UNIPOL® PP process technology to Dongguan Grand Resource Science & Technology Co. Ltd. The installations will be made at the company's facility in Dongguan, Guangzhou province, China, and are expected to begin operations in 2019 using Grace's leading non-phthalate CONSISTA® PP catalysts. Sign up for your complimentary report on GRA at:
Shares in Vancouver, Canada headquartered Methanex Corp. ended the day 3.86% higher at $52.50. A total volume of 887,229 shares was traded, which was above their three months average volume of 707,860 shares. The stock has gained 17.32% in the last one month, 39.92% in the previous three months, and 19.86% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 11.91% and 46.37%, respectively. Furthermore, shares of Methanex, produces and supplies methanol in the Asia/Pacific, North America, Europe, and South America, have an RSI of 69.46.
On January 26th, 2017, Methanex's Board of Directors declared a quarterly dividend of US$0.275 per share, payable on March 31st, 2017 to stockholders on record as of March 17th, 2017.
On January 30th, 2017, research firm Cowen reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $51 a share to 57 a share. Download the research report for free on MEOH at:
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