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Innospec Schedules First Quarter 2024 Earnings Release and Conference Call
Globe Newswire (Fri, 5-Apr 4:45 PM ET)
Innospec Reports Fourth Quarter and Full Year 2023 Financial Results
Globe Newswire (Tue, 13-Feb 4:45 PM ET)
Innospec Inc manufactures and sells a variety of chemicals and fuel additives. The firm organizes itself into three segments based on product type. The fuel specialties segment, which generates the majority of revenue, sells products used to improve fuel efficiency, boost engine performance, and reduce emissions for automobiles, boats, and airplanes. It also sells products used by oil field services providers in the extraction of oil and gas. The performance chemicals segment sells products to the personal-care industry. The Oilfield Services segment develops and markets products to prevent loss of mud.
Innospec trades on the NASDAQ stock market under the symbol IOSP.
As of April 19, 2024, IOSP stock price climbed to $121.89 with 8,629 million shares trading.
IOSP has a beta of 1.15, meaning it tends to be more sensitive to market movements. IOSP has a correlation of 0.35 to the broad based SPY ETF.
IOSP has a market cap of $3.03 billion. This is considered a Mid Cap stock.
Last quarter Innospec reported $495 million in Revenue and $1.84 earnings per share. This beat revenue expectation by $15 million and exceeded earnings estimates by $.22.
In the last 3 years, IOSP stock traded as high as $131.18 and as low as $81.00.
The top ETF exchange traded funds that IOSP belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.
IOSP has underperformed the market in the last year with a return of +16.0%, while the SPY ETF gained +22.0%. In the last 3 month period, IOSP fell short of the market, returning +4.0%, while SPY returned +5.0%. However, in the most recent 2 weeks IOSP has outperformed the stock market by returning -1.5%, while SPY returned -2.8%.
IOSP support price is $119.08 and resistance is $122.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IOSP stock will trade within this expected range on the day.