Venator Materials downgraded by BofA Securities with a new price target
$VNTR
Major Chemicals
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BofA Securities downgraded Venator Materials from Neutral to Underperform and set a new price target of $2.00 from $2.50 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/6/2022 | $2.04 → $0.65 | Neutral → Sell | UBS |
| 9/19/2022 | $2.00 → $0.60 | Market Perform → Underperform | BMO Capital Markets |
| 3/22/2022 | $2.50 → $2.00 | Neutral → Underperform | BofA Securities |
| 2/23/2022 | $4.50 → $3.00 | Buy | Deutsche Bank |
| 1/4/2022 | $3.50 → $2.95 | Neutral | UBS |
| 8/16/2021 | $5.50 → $4.50 | Buy | Deutsche Bank |
| 8/5/2021 | $3.50 | Buy → Neutral | B of A Securities |
WYNYARD, UK, Feb. 21, 2023 /PRNewswire/ -- Fourth Quarter 2022 and Other Highlights The macro-economic environment deteriorated sharply in the second half of 2022 leading to significantly lower product demand and higher raw material and energy costs, with TiO2 sales volumes (44)% lower compared to the fourth quarter 2021 and (28)% lower compared to the prior periodNet loss attributable to Venator of $(228) million compared to net income of $14 million in the prior year periodAdjusted EBITDA of $(57) million compared to $40 million in the prior year periodNet cash used in operating activities was $(27) million and free cash flow was $(48) millionDiluted loss per share of $(2.11) and adjusted
WYNYARD, UK, Feb. 9, 2023 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") will hold a conference call to discuss its fourth quarter and full year 2022 financial results on Tuesday, February 21, 2023, at 08:00 a.m. ET. Results will be released to the public before the market opens that day via PR Newswire. Call-in numbers for the conference call: U.S. participants 1-833-366-1118 International participants 1-412-902-6770 (No passcode required) In order to facilitate the registration process, you may use the following link to pre-register for the conference call. Callers who pre-register will be given a unique PIN and separate call-in number to gain immediate access to the call an
Fourth Quarter 2022 Highlights Macro environment continues to be challenging due to significantly higher energy costs and lower product demandAdjusted EBITDA for the fourth quarter of 2022 estimated to be negative $(57)-(62) millionLiquidity position is estimated at approximately $275 million as of December 31, 2022Moelis & Company and Kirkland & Ellis appointed as respective financial and legal advisors, in addition to Alvarez & Marsal as the previously engaged operational advisor, to assist with strategic review and engagement with stakeholdersAppointment of two new independent directors, Stefan M. Selig and Jame Donath, who bring extensive and highly relevant experience to the BoardStefan
15-12G - Venator Materials PLC (0001705682) (Filer)
EFFECT - Venator Materials PLC (0001705682) (Filer)
S-8 POS - Venator Materials PLC (0001705682) (Filer)
4/A - Venator Materials PLC (0001705682) (Issuer)
4/A - Venator Materials PLC (0001705682) (Issuer)
4/A - Venator Materials PLC (0001705682) (Issuer)
SC 13G - Venator Materials PLC (0001705682) (Subject)
SC 13D - Venator Materials PLC (0001705682) (Subject)
SC 13D - Venator Materials PLC (0001705682) (Subject)
UBS downgraded Venator Materials from Neutral to Sell and set a new price target of $0.65 from $2.05 previously
BMO Capital Markets downgraded Venator Materials from Market Perform to Underperform and set a new price target of $0.60 from $2.00 previously
BofA Securities downgraded Venator Materials from Neutral to Underperform and set a new price target of $2.00 from $2.50 previously
WYNYARD, UK, Aug. 9, 2022 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") today announced the resignation of Kathy Patrick from its Board of Directors and the appointment of Miguel Kohlmann to its Board of Directors, both effective August 9, 2022. Ms. Patrick has served as a director since the Company's IPO in 2017 and served on Venator's Audit Committee and Compensation Committee at the time of her resignation. She is resigning due to other professional commitments. Mr. Kohlmann is based in Europe and has substantial industry experience as a former CEO and via service on a number of boards, including the listed Danish building materials group H+H. Mr. Kohlmann is an independe
WYNYARD, UK, Feb. 11, 2021 /PRNewswire/ -- Venator Materials PLC (NYSE: VNTR) ("Venator") announced today that Vir Lakshman has been appointed to serve as a member of its Board of Directors. The appointment of Vir Lakshman was effective February 11, 2021. Mr. Lakshman worked for KPMG in Germany from 1999 to July 2019, where he was Head of Chemicals and Life Sciences in Germany and a Deal Advisory Partner. Prior to KPMG Mr. Lakshman held senior positions at GE Capital, including that of CFO at Budapest Bank in Hungary, and worked for Coopers and Lybrand (now PwC) in the UK and Germany. Mr. Lakshman, a UK Chartered Accountant, was appointed to serve as Chair of the Audit Committee. Simon Tu
WYNYARD, UK, Jan. 4, 2021 /PRNewswire/ -- Venator Materials PLC (NYSE: VNTR) ("Venator") announced today that Barry B. Siadat, Aaron C. Davenport and Heike van de Kerkhof have been elected as new members to its Board of Directors. The appointment of Dr. Siadat was effective December 31, 2020. Prior to co-founding SK Capital Partners, Dr. Siadat worked for 37 years in the chemicals and materials industries as an inventor, operator and investor. Dr. Siadat has been the chairman of several specialty materials and chemicals companies. He currently serves as Chairman of the Board for Ascend Performance Materials, Aristech Acrylics, Archroma and SI Group. Additionally, he serves on the Board o
WYNYARD, UK, May 15, 2023 /PRNewswire/ -- Venator Materials PLC ("Venator" or the "Company") (NYSE:VNTR), a global manufacturer and marketer of chemical products, announces that it has reached an agreement with the overwhelming majority of its lenders and noteholders on the terms of a comprehensive recapitalization plan. The agreement will equitize nearly all of the Company's funded debt, strengthen its balance sheet and facilitate an infusion of new capital, which will position the Company for future growth and success. The recapitalization will be implemented through a prepackaged Chapter 11 process in the United States and will be financed by a debtor-in-possession ("DIP") financing fac
WYNYARD, UK, April 3, 2023 /PRNewswire/ -- Venator Materials PLC ("Venator") (NYSE:VNTR) announced today that it has completed the sale of its Iron Oxide business to Cathay Industries. The enterprise value of the transaction was $140 million and Venator expects to receive cash proceeds of approximately $130 million net of working capital adjustments, taxes, fees and other closing cash adjustments. Venator expects an approximate $50 million reduction of its ABL facility resulting in a net liquidity improvement of approximately $80 million. About VenatorVenator is a global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring color and
WYNYARD, UK, Feb. 23, 2023 /PRNewswire/ -- Venator Materials PLC ("Venator") (NYSE:VNTR) has filed its annual report on Form 20-F for the year ended December 31, 2022, with the U.S. Securities and Exchange Commission. The 2022 Form 20-F is available on Venator's website at https://www.venatorcorp.com/investor-relations and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. Hard copies of the complete audited financial statements included in the 2022 Form 20-F are available to shareholders free of charge upon request. About VenatorVenator is a global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring colo
Venator Materials Plc (NYSE:VNTR) announces an agreement on the terms of a comprehensive recapitalization plan that will be implemented in the United States through a prepackaged Chapter 11 process. A debtor-in-possession financing facility will fund the recapitalization, which includes a commitment of $275 million in new money from VNTR's supporting creditors. Simon Turner, President, and Chief Executive Officer of Venator, commented: "We have faced unprecedented economic headwinds, including significantly lower product demand and higher raw material and energy costs in the second half of 2022, but Venator's management, alongside our advisors, has worked tirelessly to assess all viable
Venator Materials PLC ("Venator" or the "Company") (NYSE:VNTR), a global manufacturer and marketer of chemical products, announces that it has reached an agreement with the overwhelming majority of its lenders and noteholders on the terms of a comprehensive recapitalization plan. The agreement will equitize nearly all of the Company's funded debt, strengthen its balance sheet and facilitate an infusion of new capital, which will position the Company for future growth and success. The recapitalization will be implemented through a prepackaged Chapter 11 process in the United States and will be financed by a debtor-in-possession ("DIP") financing facility, which includes a commitment for $2
During Thursday's session, 99 companies made new 52-week lows. Points of Interest From Today's 52-Week Lows: Trimble (NASDAQ:TRMB) was the biggest company on a market cap basis to set a new 52-week low. Allarity Therapeutics (NASDAQ:ALLR) was the smallest company by market cap to set a new 52-week low. Windtree Therapeutics (NASDAQ:WINT) saw the largest move of the companies, as shares plummetted 56.79% to hit a new 52-week low. PIMCO Dynamic Income (NYSE:PDI)'s stock bounced back the most, actually rising 0.0% after reaching its new 52-week low. Stocks that set new 52-week lows on Thursday are as follows: Trimble (NASDAQ:TRMB) shares reached a new 52-week low of $46.85 on Thu