Stocks News Review: LyondellBasell Industries N.V. (NYSE:LYB)


LyondellBasell Industries N.V. (NYSE:LYB) retreated -2.17% and closed its last session at $83.72. The stock has the market capitalization of $34.12 Billion with the total outstanding shares of 407.52 Million. LyondellBasell Industries N.V.. has Analysts’ Mean Recommendation of 2.4 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 9.36 for trailing twelve months while its Forward P/E is 8.47.

LyondellBasell Industries N.V. (NYSE:LYB) touched its 52-Week High of $96.82 on Dec 2, 2015 while it’s 52-Week Low of $69.1 on Jan 20, 2016. The company currently has Return on Assets of 16.6 percent, Return on Equity of 61.2% and Return on Investment of 30 percent. The stock currently showing Weekly Volatility of 1.73%% and Monthly Volatility of 2.14% Percent with Average True Range of 1.7 and Beta of 1.2.

The 20 analysts offering 12-month price forecasts for LyondellBasell Industries NV have a median target of 86.00, with a high estimate of 115.00 and a low estimate of 75.00. The median estimate represents a +2.72% increase from the last price of 83.72.

Press Release:

The Company on 1 November declared earnings from continuing operations for the third quarter 2016 of approximately $1.0 billion, or $2.31 per share.  Third quarter 2016 EBITDA was $1.6 billion.

Three months ended September 30, 2016 versus three months ended June 30, 2016  – EBITDA decreased $72 million for the third quarter 2016 versus the second quarter 2016.  Compared to the prior period, underlying olefin results increased approximately $15 million.  Ethylene price increased approximately 4 cents per pound.  Combined polyolefin results declined by $70 million.  Polyethylene spreads decreased by approximately 4 cents per pound.  Polyethylene sales volumes improved by approximately 6 percent as inventory management offset planned maintenance.  Polypropylene spreads declined by 9 cents per pound partially offset by volumes which increased approximately 13 percent.  Joint venture equity income declined by $8 million.

Three months ended September 30, 2016 versus three months ended September 30, 2015  – EBITDA decreased $238 million versus the third quarter 2015, excluding a favorable $79 million quarter to quarter variance as a result of an LCM inventory adjustment.  Olefin results declined by $120 million.  Third quarter was impacted by planned maintenance activities at Corpus Christi and Morris, Illinois.  Combined polyolefin results declined approximately $110 million versus the prior year period.  Polyethylene results declined primarily due to a margin decline of approximately 7 cents per pound.  Polyethylene sales volumes declined by approximately 4 percent due to planned facility maintenance during the quarter.  Polypropylene sales volumes and margins were relatively unchanged.  Joint venture equity income was unchanged.

Company Profile:

LyondellBasell Industries AF S.C.A is a manufactures chemicals and derivatives. It also operates as a refiner of heavy high-sulfur crude oil produce and is engaged in the marketing and selling of polyolefins, polypropylene and polyethylene resins. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive components, home furnishings, construction materials and biofuels. The Company’s product range includes ethylene, propylene, polyethylene, polypropylene, polyolefins, resins, PP compounds, Polybutene, propylene Oxide and etc. It also produces refined petroleum products and gasoline blending components, including biofuels. LyondellBasell Industries AF S.C.A is headquartered in Rotterdam, the Netherlands.