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Wednesday, December 6, 2023

There’s No Need To Panic Or Freeze When It Comes To Celanese Corp (NYSE: CE)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Celanese Corp (CE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $2.60, or 2.23%, to $118.99. The Celanese Corp has recorded 13,532 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Celanese Corporation Reports Third Quarter 2023 Earnings.

Stocks Info

The company is listed on the NYSE and operates within the Chemicals industry segment. At the end of the last regular session, the stock closed at $116.39 and fluctuated between $119.59 as its day high and $115.92 as its day low. The current market capitalization of Celanese Corp is $12.67B. A total of 0.73 million shares were traded on the day, compared to an average of 1.04M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 12 SELLs from insiders. Insiders purchased 116,896 shares during that period but sold 48,459.

In the most recent transaction, Kelly Thomas Francis bought 2,000 shares of CE for 107.29 per share on May 19. After the transaction, the SVP, EM now owns 47,165 company shares. In a previous transaction on May 12, Murray Mark Christopher bought 1,008 shares at 101.69 per share. CE shares that SVP – Acetyls owns now total 11,597.

Among the insiders who bought shares, Murray Mark Christopher acquired of 1,200 shares on Feb 28 at a per-share price of $117.15. This resulted in the SVP – Acetyls holding 10,589 shares of CE after the transaction.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Celanese Corp pays an annual dividend of $2.77, resulting in a dividend yield of 2.38%, and it has a price to earnings (P/E) ratio of 10.02. CE’s most recent ex-dividend date was 10/27/2023 when it declared a $0.70 quarterly dividend that was paid in cash on 11/13/2023. Previously, the company paid the dividend on 8/14/2023 with an ex-dividend date of 7/28/2023. The CE stock dividend was $0.70 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CE in the last 3 months, the mean price target is $130.97 with high estimates of $151.00 and low estimates of $110.00. In terms of 52-week highs and lows, CE has a high of $131.05 and a low of $91.37.

As of this writing, CE has an earnings estimate of $2.23 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $2.48 per share and a lower estimate of $2. The company reported an EPS of $2.01 in the last quarter, which was 22.60% higher than expectations of $1.64.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CE’s latest balance sheet shows that the firm has $546.00M in Cash & Short Term Investments as of fiscal 2021. There were $4.17B in debt and $2.50B in liabilities at the time. Its Book Value Per Share was $51.67, while its Total Shareholder’s Equity was $4.54B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CE is Buy with a score of 3.56.

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