In a report released today, Michael Harrison CFA from Seaport Global maintained a Hold rating on Innospec (IOSP – Research Report). The company’s shares closed yesterday at $126.30.
According to TipRanks, Harrison CFA is a 4-star analyst with an average return of 7.9% and a 65.99% success rate. Harrison CFA covers the Basic Materials sector, focusing on stocks such as PPG Industries, Quaker Chemical, and RPM International.
The word on The Street in general, suggests a Hold analyst consensus rating for Innospec.
Based on Innospec’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $494.7 million and a net profit of $37.8 million. In comparison, last year the company earned a revenue of $510.7 million and had a net profit of $25.5 million
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IOSP in relation to earlier this year. Most recently, in March 2024, Patrick Williams, the PRESIDENT & CEO of IOSP sold 3,955.00 shares for a total of $491,250.55.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Innospec (IOSP) Company Description:
Innospec, Inc. develops, manufactures, blends, markets and supplies fuel additives, oilfield chemicals, personal care, and other specialty chemicals. It operates through the following segments: Fuel Specialties, Performance Chemicals, Oilfield Services, and Octane Additives. The Fuel Specialties segment develops, manufactures, blends, markets, and supplies a range of specialty chemical products used as additives to a range of fuels. The Performance Chemicals segment provides technology-based solutions for customer’s processes or products focused in the personal care, home care, agrochemical, and mining industries. The Oilfield Services segment develops and markets products to prevent loss of mud in drilling operations, chemical solutions for fracturing, stimulation and completion operations, and products for oil and gas production. The Octane Additives segment produces tetra ethyl lead, comprises sales of tetra ethyl lead for use in automotive gasoline and trading. The company was founded on May 22, 1998 and is headquartered in Englewood, CO.
