Braskem (BAK) Earning Somewhat Favorable Press Coverage, Study Shows

News stories about Braskem (NYSE:BAK) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Braskem earned a news impact score of 0.08 on Accern’s scale. Accern also gave media coverage about the energy company an impact score of 47.2242512291434 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

BAK has been the topic of several research analyst reports. ValuEngine cut shares of Braskem from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. HSBC upgraded shares of Braskem from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Finally, Zacks Investment Research upgraded shares of Braskem from a “sell” rating to a “hold” rating in a research note on Friday, April 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $34.00.

Braskem stock traded down $0.72 during mid-day trading on Thursday, reaching $21.76. The company’s stock had a trading volume of 285,626 shares, compared to its average volume of 392,470. The company has a market cap of $9.16 billion, a PE ratio of 6.88 and a beta of 1.20. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.57. Braskem has a twelve month low of $19.01 and a twelve month high of $33.73.

Braskem (NYSE:BAK) last announced its quarterly earnings results on Wednesday, May 9th. The energy company reported $0.81 earnings per share (EPS) for the quarter. Braskem had a net margin of 6.12% and a return on equity of 51.49%. The company had revenue of $4.02 billion during the quarter. equities research analysts anticipate that Braskem will post 2.25 earnings per share for the current year.

About Braskem

Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. Its Basic Petrochemicals segment offers olefins, such as ethylene, polymer and chemical grade propylene, butadiene, and butene-1; BTX products comprising benzene, para-xylene, and toluene; fuels, including automotive gasoline, liquefied petroleum gas, ethyl tertiary butyl ether, and methyl tertiary butyl ether; intermediates, such as cumene; and aliphatics, aromatics, and hydrogenates solvents, as well as specialties, such as isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.

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