BASF SE, a major player in the global chemical market, recently acquired a significant stake in Harbour Energy and sold its oil and gas activities while also restructuring its facilities. It has also partnered with companies such as Enerflex for CCUS applications and Encina for a long-term recycled benzene agreement. Despite mixed reports from various
analysts suggesting to 'hold' the stock,
BASF has seen highs and lows in its stock prices. Notably, it received an average recommendation of 'hold' from analysts. The decision of the new BASF CEO was greeted with a decline in Q1 earnings. The company's stock witnessed a dip due to some financial projections seeming bleak, and the market predicting a share price correction. Conversely, BASF's shares went uphill after the company's Q4 earnings surpassed expectations and resulted in a record-high boost in stock prices. The company is also focusing on
innovation with products like new facial recognition products from its subsidiary, trinamiX, and has invested in expanding its sodium methylate capacity in South America. However, there have been concerns on the stock's valuation and financial performance.
BASF Stocks News Analytics from Mon, 12 Jun 2017 07:00:00 GMT to Fri, 06 Sep 2024 16:19:57 GMT -
Rating -3
- Innovation 3
- Information 6
- Rumor -3
