Venator Materials PLC (NYSE:VNTR)’s stock price was up 6.1% during trading on Tuesday . The company traded as high as $2.62 and last traded at $2.60, approximately 283,592 shares were traded during mid-day trading. A decline of 60% from the average daily volume of 701,166 shares. The stock had previously closed at $2.45.
A number of equities analysts have commented on VNTR shares. Citigroup lowered shares of Venator Materials from a “buy” rating to a “neutral” rating and reduced their price target for the company from $7.50 to $4.50 in a research report on Friday, July 12th. BMO Capital Markets reduced their price target on shares of Venator Materials from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Nomura dropped their target price on shares of Venator Materials from $6.00 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. UBS Group set a $7.00 target price on shares of Venator Materials and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Zacks Investment Research downgraded shares of Venator Materials from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.13.
The company has a market capitalization of $251.10 million, a P/E ratio of 1.18, a P/E/G ratio of 0.75 and a beta of 2.55. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.25 and a quick ratio of 1.17. The stock’s 50 day simple moving average is $2.52 and its two-hundred day simple moving average is $4.08.
Venator Materials (NYSE:VNTR) last announced its earnings results on Tuesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.04). Venator Materials had a positive return on equity of 9.02% and a negative net margin of 19.42%. The company had revenue of $578.00 million during the quarter, compared to the consensus estimate of $585.27 million. During the same period in the prior year, the firm posted $0.85 earnings per share. The company’s revenue was down 7.7% on a year-over-year basis. As a group, equities research analysts expect that Venator Materials PLC will post 0.3 earnings per share for the current year.
In other Venator Materials news, insider Kurt Ogden purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of $2.23 per share, with a total value of $33,450.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathy Dawn Patrick purchased 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of $2.69 per share, with a total value of $161,400.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 130,300 shares of company stock valued at $338,303. Insiders own 0.66% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of VNTR. Blackstone Group Inc bought a new stake in shares of Venator Materials during the second quarter worth approximately $5,290,000. Luminus Management LLC raised its stake in shares of Venator Materials by 290.8% during the second quarter. Luminus Management LLC now owns 973,005 shares of the company’s stock worth $5,147,000 after buying an additional 724,054 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Venator Materials by 177.3% during the second quarter. Renaissance Technologies LLC now owns 457,200 shares of the company’s stock worth $2,419,000 after buying an additional 292,300 shares during the last quarter. Penn Capital Management Co. Inc. raised its stake in shares of Venator Materials by 111.5% during the second quarter. Penn Capital Management Co. Inc. now owns 532,129 shares of the company’s stock worth $2,815,000 after buying an additional 280,570 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Venator Materials by 3.9% during the second quarter. Morgan Stanley now owns 4,827,049 shares of the company’s stock worth $25,534,000 after buying an additional 182,228 shares during the last quarter. 43.22% of the stock is owned by institutional investors and hedge funds.
Venator Materials Company Profile (NYSE:VNTR)
Venator Materials PLC manufactures and markets chemical products worldwide. It operates through two segments, Titanium Dioxide and Performance Additives. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and nano TiO2 products for use in coatings, plastics, paper, printing inks, fibers, and food and personal care products.
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