We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Innospec's (IOSP) New Center to Support Oil & Gas Industry
Read MoreHide Full Article
Innospec Inc. (IOSP - Free Report) has completed the construction of an innovation center in The Woodlands, TX.
The center will focus on developing applications and novel technologies to support customers in the North American oil and gas industry, which includes all aspects of fracturing, drilling, production, completion, stimulation, and midstream activities. Moreover, the 22,500-sq-ft facility will house all of the R&D and technical services functions.
The center will bring together scientists in one expanded location. It also increases laboratory space by nearly 70%, which will allow it to support Fuel Specialties customers better.
Shares of Innospec have lost 12.7% over a year compared with the industry’s 27% decline.
The chemical maker’s revenues increased on a year-over-year basis in the third quarter, driven by gains from core businesses.
The company saw an uptick in revenues at its Fuel Specialties and Performance Chemicals segments in the third quarter on higher volumes and positive price/mix impact. Moreover, increased customer activity, higher volumes and favorable price/mix led to double-digit sales growth in its Oilfield Services division in the quarter. The company also witnessed higher operating income across these segments.
Innospec is gaining from its balanced portfolio and strategic focus on major end markets. The company remains focused on growing sales and improving margins and is also looking to improve the effectiveness of its operations.
Innospec is also engaged in acquisition opportunities leveraging its strong balance sheet and cash flows, which the company believes will strengthen its business. The company, in its third-quarter call, also said that it will remain focused on key actions to further boost cash generation in the final quarter of 2018.
Innospec currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the basic materials space are Ingevity Corporation (NGVT - Free Report) , CF Industries Holdings, Inc. (CF - Free Report) and Cameco Corporation (CCJ - Free Report) .
CF Industries has an expected earnings growth rate of 70.5% for 2019 and a Zacks Rank #2 (Buy). The stock has gained 7% in a year.
Cameco has an expected earnings growth rate of 20% for 2019 and a Zacks Rank of 2. Its shares have gained 26% in a year’s time.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Innospec's (IOSP) New Center to Support Oil & Gas Industry
Innospec Inc. (IOSP - Free Report) has completed the construction of an innovation center in The Woodlands, TX.
The center will focus on developing applications and novel technologies to support customers in the North American oil and gas industry, which includes all aspects of fracturing, drilling, production, completion, stimulation, and midstream activities. Moreover, the 22,500-sq-ft facility will house all of the R&D and technical services functions.
The center will bring together scientists in one expanded location. It also increases laboratory space by nearly 70%, which will allow it to support Fuel Specialties customers better.
Shares of Innospec have lost 12.7% over a year compared with the industry’s 27% decline.
The chemical maker’s revenues increased on a year-over-year basis in the third quarter, driven by gains from core businesses.
The company saw an uptick in revenues at its Fuel Specialties and Performance Chemicals segments in the third quarter on higher volumes and positive price/mix impact. Moreover, increased customer activity, higher volumes and favorable price/mix led to double-digit sales growth in its Oilfield Services division in the quarter. The company also witnessed higher operating income across these segments.
Innospec is gaining from its balanced portfolio and strategic focus on major end markets. The company remains focused on growing sales and improving margins and is also looking to improve the effectiveness of its operations.
Innospec is also engaged in acquisition opportunities leveraging its strong balance sheet and cash flows, which the company believes will strengthen its business. The company, in its third-quarter call, also said that it will remain focused on key actions to further boost cash generation in the final quarter of 2018.
Innospec Inc. Price and Consensus
Innospec Inc. Price and Consensus | Innospec Inc. Quote
Zacks Rank & Stocks to Consider
Innospec currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the basic materials space are Ingevity Corporation (NGVT - Free Report) , CF Industries Holdings, Inc. (CF - Free Report) and Cameco Corporation (CCJ - Free Report) .
Ingevity has an expected earnings growth rate of 21.5% for 2019 and a Zacks Rank #1 (Strong Buy). The company’s shares have gained 17.9% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
CF Industries has an expected earnings growth rate of 70.5% for 2019 and a Zacks Rank #2 (Buy). The stock has gained 7% in a year.
Cameco has an expected earnings growth rate of 20% for 2019 and a Zacks Rank of 2. Its shares have gained 26% in a year’s time.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>