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Sunday, December 3, 2023

An Evaluation Of Celanese Corp (NYSE: CE) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Celanese Corp (CE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.02%, to $129.95. The Celanese Corp has recorded 38,965 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Celanese Corporation Reports Third Quarter 2023 Earnings.

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Stocks Info

CE belongs to the Basic Materials sector of the NYSE while operating in the Chemicals industry. At the end of the last regular session, the stock closed at $129.93 and fluctuated between $129.95 as its day high and $127.71 as its day low. The current market capitalization of Celanese Corp is $14.14B. A total of 0.85 million shares were traded on the day, compared to an average of 973.15K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. 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.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Celanese Corp pays an annual dividend of $2.77, resulting in a dividend yield of 2.13%, and it has a price to earnings (P/E) ratio of 7.00. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CE in the last 3 months, the mean price target is $131.06 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 $96.52.

As of this writing, CE has an earnings estimate of $2.32 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $2.46 per share and a lower estimate of $2.21. The company reported an EPS of $2.17 in the last quarter, which was -12.50% lower than expectations of $2.48.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $59.63, while its Total Shareholder’s Equity was $4.54B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.53.

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