Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Innospec (IOSP) Share Price
News headlines about Innospec (NASDAQ:IOSP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Innospec earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the specialty chemicals company an impact score of 46.1890807200808 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Innospec (IOSP) traded down 0.08% during trading on Monday, hitting $63.00. The stock had a trading volume of 101,565 shares. The company’s 50 day moving average is $59.76 and its 200 day moving average is $62.13. Innospec has a 52-week low of $54.10 and a 52-week high of $74.75. The firm has a market cap of $1.52 billion, a PE ratio of 20.06 and a beta of 1.18.
Innospec (NASDAQ:IOSP) last announced its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. The firm had revenue of $326.30 million for the quarter. Innospec had a net margin of 7.22% and a return on equity of 14.77%. Equities research analysts forecast that Innospec will post $4.28 earnings per share for the current year.
Several analysts have commented on IOSP shares. Zacks Investment Research downgraded Innospec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub downgraded Innospec from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. ValuEngine downgraded Innospec from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, Monness Crespi & Hardt upgraded Innospec from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Tuesday, August 22nd.
ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Innospec (IOSP) Share Price” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.watchlistnews.com/somewhat-favorable-media-coverage-somewhat-unlikely-to-impact-innospec-iosp-share-price/1650051.html.
Innospec Inc is a specialty chemicals company engaged in developing, manufacturing, blending, marketing and supplying of specialty chemicals for use as fuel additives and ingredients for personal care, home care, agrochemical, mining and other applications and oilfield chemicals. The Company operates through four business segments: Fuel Specialties, Performance Chemicals, Oilfield Services and Octane Additives.
Receive News & Ratings for Innospec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innospec Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.