The stock of Kraton Corp (NYSE:KRA) is a huge mover today! About 360,088 shares traded hands. Kraton Corp (NYSE:KRA) has risen 96.96% since March 2, 2016 and is uptrending. It has outperformed by 88.71% the S&P500.
The move comes after 8 months positive chart setup for the $1.03B company. It was reported on Oct, 5 by Barchart.com. We have $50.75 PT which if reached, will make NYSE:KRA worth $473.80M more.
Analysts await Kraton Corp (NYSE:KRA) to report earnings on October, 26. They expect $0.70 earnings per share, up 45.83% or $0.22 from last year’s $0.48 per share. KRA’s profit will be $20.74 million for 12.41 P/E if the $0.70 EPS becomes a reality. After $0.63 actual earnings per share reported by Kraton Corp for the previous quarter, Wall Street now forecasts 11.11% EPS growth.
According to Zacks Investment Research, “Kraton Corp is a producer of styrenic block copolymers, specialty polymers and performance products derived from pine wood pulping co-products. The company’s product are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing applications. Kraton Corporation, formerly known as Kraton Performance Polymers Inc., is headquartered in Houston, Texas.”
Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 0.40, from 1.32 in 2016Q1. The ratio turned negative, as 31 funds sold all Kraton Corp shares owned while 53 reduced positions. 41 funds bought stakes while 36 increased positions. They now own 29.63 million shares or 1.23% more from 29.27 million shares in 2016Q1.
Proxima Cap Mgmt Limited Liability accumulated 5.19% or 475,000 shares. Blackrock Fund Advsrs has invested 0.01% of its portfolio in Kraton Corp (NYSE:KRA). Aristotle Cap Boston Limited Co has 1.28% invested in the company for 204,012 shares. Voya Inv Ltd Limited Liability Company owns 16,893 shares or 0% of their US portfolio. Moreover, Kbc Group Nv has 0.02% invested in Kraton Corp (NYSE:KRA) for 42,923 shares. Hanseatic Mgmt Services has 0% invested in the company for 122 shares. Citadel Advsr Limited Liability has invested 0% of its portfolio in Kraton Corp (NYSE:KRA). The Illinois-based Castleark Mgmt Lc has invested 0.23% in Kraton Corp (NYSE:KRA). Blackrock Investment Mngmt Ltd Liability Com accumulated 137,216 shares or 0% of the stock. Pinebridge Invs L P holds 0.01% of its portfolio in Kraton Corp (NYSE:KRA) for 3,911 shares. Wilen Inv Management holds 1.21% of its portfolio in Kraton Corp (NYSE:KRA) for 67,242 shares. The Pennsylvania-based Pnc Fin Ser Gru has invested 0% in Kraton Corp (NYSE:KRA). Invesco Limited owns 836,312 shares or 0.01% of their US portfolio. Credit Suisse Ag owns 118,113 shares or 0% of their US portfolio. D E Shaw Inc last reported 0% of its portfolio in the stock.
Insider Transactions: Since August 11, 2016, the stock had 0 insider buys, and 4 insider sales for $1.36 million net activity. Conley Melinda Scissors sold $531,266 worth of stock. $143,415 worth of shares were sold by Simmons James Leo on Tuesday, August 16. Another trade for 14,801 shares valued at $540,402 was made by SMITH DAN F on Tuesday, September 6. Shares for $145,226 were sold by Twitchell Karen A..
More notable recent Kraton Corp (NYSE:KRA) news were published by: Prnewswire.com which released: “Kraton Performance Polymers, Inc. Announces Name Change to Kraton Corporation” on September 14, 2016, also Marketwatch.com with their article: “/quotes/zigman/3870025/realtime” published on October 08, 2010, Quotes.Wsj.com published: “News Kraton Corp.KRA” on February 12, 2011. More interesting news about Kraton Corp (NYSE:KRA) were released by: Zacks.com and their article: “Kraton Corporation Now a Strong Sell on Bleak Prospects” published on September 29, 2016 as well as Bizjournals.com‘s news article titled: “Houston chemical company closes billion-dollar acquisition” with publication date: January 07, 2016.
KRA Company Profile
Kraton Corporation, formerly Kraton Performance Polymers, Inc., incorporated on October 28, 2003, is a specialty chemicals company. The Firm makes styrenic block copolymers (SBCs) and other engineered polymers. The Firm also produces specialty products primarily derived from pine wood pulping co-products. The Firm operates through the manufacturing and marketing of engineered polymers segment. The Company’s SBCs are used in a range of applications, including adhesives, coatings, consumer and personal care products, sealants, lubricants, medical, packaging, automotive, paving, roofing and footwear products. The Firm also sells isoprene rubber (IR) and isoprene rubber latex (IRL), which are non-SBC products primarily used in applications, such as medical products, personal care, adhesives, tackifiers, paints and coatings. It offers crude tall oil (CTO) and crude sulfate turpentine (CST). The Company’s pine specialty products are sold into adhesive, road and construction and tire markets, and it produces and sells a range of chemical intermediates into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks, flavors and fragrances and mining.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.