How Do Freeport McMoRan’s Fundamentals Compare to Its Peers?
Freeport-McMoRan (FCX) has been trading largely sideways around the $12 price level for almost a month. August has been a dull month for most companies in the metals and mining space.
Materials
A Look at BHP Billiton’s Balance Sheet after Fiscal 2016
BHP has a strong balance sheet in this depressed commodity environment. Standard & Poor’s cut its rating by one notch from A+ to A in February 2016.
What’s Driving the Record Spread Between HRC and CRC Prices?
US Spot hot rolled coil prices have risen in the ballpark of $200 per short ton in 2016. Spot cold rolled coil prices have risen by ~$300 per short ton.
How Much Lower Can BHP Billiton Push Its Costs in Iron Ore?
BHP’s total iron ore production increased by 2% in fiscal 2016 to a record 227 million tons.
How Is Flotek Industries Currently Valued Compared to Its Peers?
RPC is the largest company by market capitalization among our set of select OFS companies. Flotek Industries is the smallest of the lot.
What Do Analysts Think about Coeur Mining?
Of the ten analysts covering Coeur Mining, 50% have given the stock a “buy” recommendation. The average target price is $14.20 compared to its current price of $15.90.
Why Janus Thinks Ignoring Inflation Is a Mistake
In this series, we’ll look at the Janus Asset Allocation team’s views on inflation, policy measures, and asset allocation (ITOT) (NEAR), given its assertion that inflation pressures are building.
Does the Rig Count Affect Flotek Industries’ International Revenue?
In the past year, Flotek Industries’ (FTK) revenue share generated outside the United States has risen by nearly 10%.
Newell Brands Declares Quarterly Dividend of $0.19 Per Share
Newell Brands (NWL) has a market cap of $27.1 billion. It rose by 0.52% to close at $54.47 per share on August 11, 2016.
Why Did Natural Gas Prices Fall to 2-Month Lows?
Natural gas futures contracts for September delivery fell by 0.4% and settled at $2.55 per MMBtu on August 11. Natural gas prices tested two-month lows.
Albemarle’s Bromine Specialties Segment: Why Revenue Fell in 2Q16
In 2Q16, Albemarle’s (ALB) Bromine Specialties segment reported revenue of $206.9 million, representing 30.9% of Albemarle’s total revenue.
Where Do FMC’s Valuations Stand after Its 2Q16 Earnings?
Forward price-to-earnings (or PE) is a relative valuation method that considers a company’s future earnings for calculation.
Pet Coke and Coal Prices Moved Sideways Last Week
While most North American producers use natural gas to produce nitrogen fertilizers, CVR Partners (UAN) mainly uses pet coke as a hydrogen source.
A Look at Energizer Holdings’ Performance in Fiscal 3Q16
Energizer Holdings (ENR) fell by 3.3% to close at $49.85 per share during the first week of August 2016.
Can Alcoa Generate Positive Free Cash Flows in 2016?
Alcoa (AA) generated free cash flows of $55 million in 2Q16—compared to $205 million in the same quarter last year.
Why Have Mosaic’s Potash Shipments Declined?
The gross margin rate for Mosaic’s Phosphate segment fell significantly in 2Q16, to 10% from 21% in 2Q15.
How Did WestRock’s 3Q16 Earnings Turn Out?
WestRock (WRK) has a market cap of $11.0 billion. It rose by 4.2% to close at $43.72 per share on August 4, 2016.
A Glance at Flowserve’s Primary Working Capital after 2Q16
In the current volatile global scenario, Flowserve’s (FLS) 2Q16 revenue and net profit have risen by 11% and 28%, respectively, year-over-year.
What’s Been Driving Cliffs Natural Resources’ Valuation
Valuations Valuation multiples are key metrics that investors consider carefully. With the help of relative valuations, we can compare a company’s valuation with its closest peers’ valuations. There are several valuation metrics that we can use. For companies in cyclical industries such as steel and mining, the EV/EBITDA (enterprise value to earnings before interest, taxes, depreciation, and amortization) […]
Why Dow’s Performance Materials and Chemicals’ Revenue Fell
Dow Chemical’s Performance Materials and Chemicals segment is the second largest revenue contributor to its total revenue.
Which Fertilizer Stock Was the Top Loser Due to Price Movements?
Fertilizer prices are one of the key drivers for fertilizer stocks. So investors and analysts watch fertilizer prices closely.
Why Did DuPont’s Industrial Biosciences Segment Revenue Fall in 2Q16?
For 2Q16, DuPont’s Industrial Biosciences segment reported revenues of $355 million, representing 5% of the company’s total revenue.
A Look at Newell Brands’ Performance in 2Q16
Newell Brands (NWL) has a market capitalization of $25.6 billion. It rose by 6.2% to close at $52.46 per share on July 29, 2016.
WestRock Declares a Dividend of $0.375 Per Share
WestRock Company (WRK) has a market capitalization of $10.9 billion. It rose by 0.33% to close at $42.91 per share on July 29, 2016.
AptarGroup’s Top and Bottom Lines Rose in 2Q16
AptarGroup (ATR) fell by 2.5% to close at $78.18 per share during the fourth week of July 2016.
Albemarle: How Much Net Profit Margin Are Analysts Predicting?
As of July 26, 2016, analysts are expecting Albemarle’s (ALB) net profit margin to be about 13.3% in 2Q16. That compares to 7.3% in 2Q15 and 14.5% in 1Q16.
What Analysts Have to Say about Iron Ore Prices
Analysts have increased their short-term iron ore price forecasts due to stronger-than-expected temporary factors.
Can 2Q16 Mark a Turnaround for Freeport-McMoRan’s Revenues?
Analysts expect Freeport-McMoRan (FCX) to post revenues of ~$3.7 billion in 2Q16 and $4.4 billion in 3Q16.
How Did Domtar Perform in 2Q16?
Domtar (UFS) has a market cap of $2.5 billion. It rose by 11.9% to close at $39.53 per share on July 27, 2016.
How Did Goodyear Tire & Rubber Perform in 2Q16?
Goodyear Tire & Rubber Company (GT) has a market cap of $7.8 billion. It rose by 4.2% to close at $29.09 per share on July 27, 2016.
Century Aluminum Misses 2Q16 Revenues: Should You Be Concerned?
Century Aluminum reported revenues of $326 million in 2Q16. The revenue miss shouldn’t be a major concern given its performance on other metrics.
How DAP- and MAP-Producing Countries Stack Up on the Cost Curve
In 2014, the cost of production for DAP per ton ranged from $190 to $450 per metric ton, as we can see in the chart.
Phosphate Consumption Outlook and Top Producers to Serve the Market
The Mosaic Company (MOS), which acquired CF Industries’s (CF) phosphate business in 2014, is the largest producer of phosphate globally.
Why PPG Industries’ 2Q16 Revenue from Performance Coatings Fell
In 2Q16, PPG Industries’ Performance Coatings segment, the largest revenue contributor, accounted for approximately 57.5% of PPG’s total revenues.
How Are Pet Coke, Coal, and Natural Gas Prices Trending?
The petroleum (or pet) coke index remained unchanged from the previous week during the week ending July 22, 2016.
Are ArcelorMittal’s 2Q16 Earnings Estimates a Little Aggressive?
ArcelorMittal (MT) posted adjusted EBITDA of $927 million in 1Q16 and ~$1.4 million in 2Q15.
Deutsche Bank Downgrades Packaging Corporation of America
Packaging Corporation of America (PKG) has a market cap of $7.0 billion. It rose by 0.72% to close at $74.34 per share on July 22, 2016.
How Packaging Corporation of America Performed in 2Q16
Packaging Corporation of America rose by 0.42% in the third week of July. Its weekly, monthly, and YTD price movements were 0.42%, 9.0%, and 20.1%.
Where Do Celanese Valuations Stand before Its 2Q16 Earnings Report?
On July 11, Celanese’s forward EV-to-EBITDA ratio stood at 7.5x.
Why Horse Owners Are Suing Archer-Daniels Midland
Archer-Daniels Midland (ADM) has a market cap of $25.2 billion. It fell by 0.21% to close at $43.39 per share on July 20, 2016.
Buckingham Research Downgrades Packaging Corporation of America to ‘Neutral’
Its net income and EPS (earnings per share) rose to $102.6 million and $1.09, respectively, in 1Q16, as compared to $89.6 million and $0.92, respectively, in 1Q15.
Can Higher Commodity Prices Boost Alcoa’s 3Q16 Earnings?
Alcoa expects its fiscal 2016 net income to rise by $160 million for every $100 per metric ton rise in aluminum prices.
AptarGroup Declares Quarterly Dividend of $0.30 Per Share
AptarGroup (ATR) has a market cap of $5.0 billion. It fell by 0.22% to close at $80.23 per share on July 13, 2016.
Analysts’ Ratings for Celanese before Its 2Q16 Earnings Release
On July 12, 2016, Celanese’s (CE) consensus 12-month target price was $76.30, indicating a return potential of 11.3% from that day’s closing price of $68.57.
Can Celanese Outperform Analysts’ Revenue Estimates in 2Q16?
Celanese (CE) will announce its 2Q16 earnings report on July 26, 2016. In this series, we’ll look at the company’s 2016 guidance and valuations, analysts’ expectations, and other factors that could help investors make informed decisions.
Can Eastman Chemical Generate Higher Operating Cash Flows?
In 1Q16, Eastman Chemical (EMN) reported operating cash flow of $47 million compared to $91 million in 1Q15. The decline was primarily due to the seasonal increase in working capital.
Can Eastman’s Additives & Functional Products Segment Deliver?
Eastman Chemical’s (EMN) Additives & Functional Products segment is the company’s strongest segment. It has grown significantly since 1Q14.
Why Do Ammonia Prices Keep Falling?
Ammonia prices in the Southern Plains had the steepest fall of 10.5% last week, continuing the previous week’s trend.
Alcoa’s 2Q16 Earnings: Everything You Need to Know
Alcoa (AA) reported its 2Q16 earnings yesterday after the market closed. Here’s what you should know.
Moody’s Says PKG’s TimBar Acquisition Is Credit Positive
Packaging Corporation of America rose by 0.34% to close at $68.71 per share on July 7. Its weekly, monthly, and YTD movements were 4.3%, -2.6%, and 11.0%.