Innospec(NASDAQ:IOSP) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $237.800M. Analysts estimated a revenue of $231.700M. The revenues were 2.63% above the estimates. Earnings per share were $1.09. The reported EPS was above estimates by 22.47%. Analysts had estimated an EPS of $0.89.
In a different note, On Dec 19, 2016, Monness Crespi Hardt said it Downgrades its rating on Innospec. The shares have been rated ‘Neutral’ by the firm.
Innospec (IOSP) shares turned negative on Wednesdays trading session with the shares closing down -1.45 points or -2.07% at a volume of 1,45,260. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $70.125. The peak price level was also seen at $70.125 while the days lowest was $68.1. Finally the shares closed at $68.45. The 52-week high of the shares is $74.75 while the 52-week low is $41.61. According to the latest information available, the market cap of the company is $1,648 M.
Several Insider Transactions has been reported to the SEC. On Dec 7, 2016, Milton C Blackmore (director) sold 1,089 shares at $68.35 per share price.Also, On Nov 23, 2016, Catherine Hessner (Senior VP – Human Resources) sold 999 shares at $63.15 per share price.On Nov 23, 2016, Ian Malcolm Mcrobbie (Senior VP R&T) sold 20,614 shares at $66.27 per share price, according to the Form-4 filing with the securities and exchange commission.
Innospec Inc. develops manufactures blends markets and supplies fuel additives oilfield chemicals personal care and fragrance ingredients and other specialty chemicals. The Company’s products are sold primarily to oil and gas exploration and production companies oil refineries personal care and fragrance companies and other chemical and industrial companies. Its fuel additives improve fuel efficiency boost engine performance and reduce harmful emissions. Its oilfield specialties business supplies drilling and production chemicals for exploration and production. Its other specialty chemicals provide technology-based solutions for its customers’ processes or products focused in the Personal Care Polymers and Fragrance Ingredients markets. Its Octane Additives business manufactures products for use in automotive gasoline and provides services in the environmental remediation. The Company has three business segments: Fuel Specialties Performance Chemicals and Octane Additives.