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Stock Charts AI Power Rank: 5.4
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
NewMarket Corporation (NEU)
Industry: Specialty Chemicals
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, NEU has been trading in a range between $554.62 and $507.12 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
NEU is trading between resistance at $597.28 about 6% to the upside and support at $560.43 -0% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $643.89, about a 15% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
NewMarket Corporation $NEU entered a Green zone 3 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $450, a potential down side of -19.91% from the recent price of 561.87. The stock is trading 14.67% (potential upside) below its 52 week high of $644.32 and 30.26 % (potential downside) above its 52 week low of $431.34 - based on the recent price.
Company Summary
NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils. It also provides fuel additives that are used to enhance the oil refining process and the performance of gasoline, diesel, biofuels, and other fuels to industry, government, original equipment manufacturers, and individual customers.
News
| NewMarket Corporation Schedules Conference Call and Webcast to Review Second Quarter 2024 Financial Results RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) announced today it expects to release second quarter 2024 earnings at the close of business on Monday, July 29, 2024. The earnings announcement will also be available on the Company's website at www.NewMarket.com the following day. A conference call and internet webcast is scheduled for 3:00 pm ET on Tuesday, July 30, 2024 to review second quarter 2024 financial results. You can access the conference call live by dialing 1-888-50. Source: Business Wire Mon, 01 Jul 2024 17:14:00 -0400 Sentiment: Neutral |
| NewMarket Corporation: Surprisingly Strong Start Of The Year Despite Expensive Acquisition NewMarket owns Afton Chemical and Ethyl Corp., with strong earnings growth in the first quarter of the year. Operating profit in the specialty materials division was negative due to non-recurring items related to the AMPAC acquisition. Despite the operating loss, NewMarket's strong cash flow and potential debt reduction make it an attractive investment opportunity. Source: Seeking Alpha Thu, 20 Jun 2024 10:30:00 -0400 Sentiment: Positive |
| NewMarket Corporation (NEU) Q1 2024 Earnings Call Transcript NewMarket Corporation (NYSE:NEU ) Q1 2024 Earnings Conference Call April 25, 2024 3:00 PM ET Company Participants Bill Skrobacz - Vice President and Chief Financial Officer Conference Call Participants Operator Greetings. Welcome to NewMarket Corporation's Conference Call and Webcast to review First Quarter 2024 Financial Results. Source: Seeking Alpha Thu, 25 Apr 2024 19:25:25 -0400 Sentiment: Neutral |
| NewMarket Corporation Declares Quarterly Dividend RICHMOND, Va.--(BUSINESS WIRE)--The Board of Directors of NewMarket Corporation (NYSE: NEU) declared a quarterly dividend in the amount of $2.50 per share on the common stock of the Corporation. The dividend is payable July 1, 2024 to NewMarket shareholders of record at the close of business on June 14, 2024. NewMarket Corporation is a holding company operating through its subsidiaries Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), and American Pacific Corporation (AMPAC). The A. Source: Business Wire Thu, 25 Apr 2024 17:01:00 -0400 Sentiment: Neutral |
| NewMarket Corporation Reports First Quarter 2024 Results RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE:NEU) Chairman and Chief Executive Officer, Thomas E. Gottwald, released the following earnings report of the Company's operations for the first quarter of 2024. Net income for the first quarter of 2024 was $107.7 million, or $11.23 per share, compared to net income of $97.6 million, or $10.09 per share, for the first quarter of 2023. Petroleum additives sales for the first quarter of 2024 were $677.3 million, compared to $700.0 million. Source: Business Wire Wed, 24 Apr 2024 17:01:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 644.3211 52 Week Low: 431.3359 Beta: 0.483 50 Day MA: 533.6106 200 Day MA: 552.8483 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.114 Qtr Revenue Growth YOY: -0.009 Forward PE: 0 Trailing PE: 13.2987