Somewhat Positive Press Coverage Somewhat Unlikely to Impact Braskem (BAK) Share Price
Headlines about Braskem (NYSE:BAK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Braskem earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned headlines about the energy company an impact score of 46.4070756174241 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- Braskem SA : BAK-US: Dividend Analysis : December 11th, 2017 (record date) : By the numbers : December 11, 2017 (finance.yahoo.com)
- Advanced Guide: Braskem SA (NYSE:BAK) – Market Breaking Point (press release) (journalfinance.net)
- Braskem S.A. (BAK) Ex-Dividend Date Scheduled for December 08 … – Nasdaq (nasdaq.com)
- This Morning’s Research Reports on Chemicals Stocks — Rayonier Advanced Materials, Univar, Braskem, and Versum Materials (prnewswire.com)
A number of brokerages recently weighed in on BAK. Zacks Investment Research raised shares of Braskem from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a research note on Wednesday, October 18th. UBS downgraded shares of Braskem from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 21st. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $34.00.
The company also recently announced a special dividend, which will be paid on Friday, December 22nd. Investors of record on Monday, December 11th will be paid a dividend of $0.7748 per share. The ex-dividend date of this dividend is Friday, December 8th. Braskem’s dividend payout ratio is presently 86.52%.
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Braskem Company Profile
Braskem SA produces thermoplastic resins. The Company’s segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. It is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, the provision of industrial services, and the production, supply and sale of electric energy.
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