Somewhat Positive Press Coverage Somewhat Unlikely to Affect Olin (OLN) Share Price
Media headlines about Olin (NYSE:OLN) have been trending somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Olin earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the specialty chemicals company an impact score of 45.8272088545893 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Is Now the Time for Olin to Sell Its Winchester Ammunition Business? (finance.yahoo.com)
- Zacks: Analysts Expect Olin Co. (OLN) to Post $0.41 EPS (americanbankingnews.com)
- IBD Rating Upgrades: Olin Shows Improved Relative Price Strength (finance.yahoo.com)
- Comparing Olin (OLN) & PQ Group (PQG) (americanbankingnews.com)
Olin (NYSE OLN) traded up $0.36 during mid-day trading on Tuesday, reaching $34.95. 838,664 shares of the company’s stock traded hands, compared to its average volume of 2,072,403. The stock has a market cap of $5,757.40, a PE ratio of 77.67, a P/E/G ratio of 2.70 and a beta of 1.39. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.72 and a quick ratio of 1.03. Olin has a 12-month low of $25.43 and a 12-month high of $37.52.
The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 10th were paid a $0.20 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.80 annualized dividend and a yield of 2.29%. Olin’s payout ratio is currently 177.78%.
A number of research firms recently issued reports on OLN. Royal Bank of Canada reissued a “buy” rating and set a $42.00 price target on shares of Olin in a report on Thursday, December 14th. SunTrust Banks reissued a “buy” rating and set a $46.00 price objective on shares of Olin in a research note on Monday, November 6th. TheStreet raised shares of Olin from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Olin from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Cowen reissued an “outperform” rating and set a $42.00 price objective (up from $39.00) on shares of Olin in a research note on Tuesday, October 10th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $38.00.
In other news, Director C Robert Bunch sold 10,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $36.00, for a total transaction of $360,000.00. Following the completion of the sale, the director now directly owns 3,860 shares of the company’s stock, valued at approximately $138,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John L. Mcintosh sold 9,500 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $35.42, for a total transaction of $336,490.00. The disclosure for this sale can be found here. Insiders sold a total of 75,083 shares of company stock valued at $2,741,284 over the last ninety days. 2.90% of the stock is owned by corporate insiders.
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Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.
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