Huntsman (NYSE:HUN) Shares Gap Down – Should You Sell?

Huntsman Corporation (NYSE:HUN)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $15.89, but opened at $14.90. Huntsman shares last traded at $13.4260, with a volume of 2,075,737 shares.

More Huntsman News

Here are the key news stories impacting Huntsman this week:

• Positive Sentiment: The merger could improve Huntsman’s scale, diversification, and bargaining power in a tough chemicals market, which may support long-term value creation for shareholders. Reuters: Olin to buy Huntsman amid challenging chemicals market
• Positive Sentiment: The deal is structured as an all-stock merger, signaling a strategic combination rather than an outright cash sale, and it positions Huntsman as part of a larger industry leader focused on navigating global specialty chemicals pressure. Hydrocarbon Processing: Olin and Huntsman announce transformative merger of equals
• Neutral Sentiment: Additional coverage confirms the merger announcement and notes headquarters changes and integration plans, but no further financial terms beyond the strategic combination were highlighted. Houston Business Journal: Huntsman and Olin to combine
• Negative Sentiment: The chemicals industry remains under pressure, so investors may worry about cyclical demand, integration risk, and whether the merger can offset a challenging pricing and margin backdrop. Seeking Alpha: Olin, Huntsman to combine in all-stock merger of equals

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “sell” rating and issued a $13.00 target price on shares of Huntsman in a report on Friday, February 20th. Citigroup raised their target price on shares of Huntsman from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Huntsman from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Wells Fargo & Company boosted their target price on shares of Huntsman from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Alembic Global Advisors raised shares of Huntsman from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Huntsman presently has a consensus rating of “Reduce” and a consensus price target of $13.17.

Huntsman Stock Down 20.2%

The business’s fifty day moving average is $14.21 and its two-hundred day moving average is $12.51. The company has a market cap of $2.22 billion, a P/E ratio of -6.65 and a beta of 0.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 1.27.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. Huntsman had a negative net margin of 5.83% and a negative return on equity of 4.60%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business posted ($0.11) EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Equities analysts predict that Huntsman Corporation will post -0.25 EPS for the current year.

Huntsman Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.0875 per share. The ex-dividend date is Monday, June 15th. This represents a $0.35 dividend on an annualized basis and a yield of 2.8%. Huntsman’s dividend payout ratio (DPR) is presently -18.23%.

Institutional Investors Weigh In On Huntsman

Several large investors have recently modified their holdings of HUN. Caerus Investment Advisors LLC purchased a new stake in shares of Huntsman in the 1st quarter worth approximately $160,000. Glenmede Trust Co. NA purchased a new stake in shares of Huntsman in the 1st quarter worth approximately $133,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Huntsman in the 1st quarter worth approximately $1,284,000. Essential Partners LLC lifted its position in shares of Huntsman by 40.3% in the 1st quarter. Essential Partners LLC now owns 5,766 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 1,655 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Huntsman by 17.6% in the 1st quarter. Bank of America Corp DE now owns 1,595,802 shares of the basic materials company’s stock worth $21,240,000 after purchasing an additional 238,592 shares during the period. Institutional investors own 84.81% of the company’s stock.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.