DuPont de Nemours Inc. (DD, Financial), Canon Inc. (CAJ, Financial), Orange S.A. (ORAN, Financial) and Diamondback Energy Inc. (FANG, Financial) have declined to their three-year lows.
DuPont de Nemours declined to $53.10
The price of DuPont de Nemours shares declined to $53.10 on Feb. 14, which is only 4.3% above the three-year low of $50.80.
DuPont de Nemours is an American chemical company that was formed by the merger of Dow Chemical and DuPont in 2017. Prior to the spinoff of Dow Inc. and Corteva, the company was the world’s largest chemical company in terms of sales. The company is a component of the S&P 100.
DuPont has a market cap of $39.22 billion; its shares were traded around $53.10 with a price-earnings ratio of 79.24 and a price-sales ratio of 0.41. The trailing 12-month dividend yield is 4.07%. The forward dividend yield is 2.25%. DuPont had an annual average earnings growth of 2.10% over the past 10 years.
On Jan. 30, DuPont reported fourth-quarter and full-year 2019 financial results. Net sales for the quarter were $5.2 billion, a decrease of 5% compared to the prior-year quarter. GAAP earnings were 24 cents per share for the quarter, while adjusted earnings per share was 95 cents for the quarter. GAAP income totaled $191 million, compared to $310 a year ago.
Canon declined to $25.59
The price of Canon shares declined to $25.59 on Feb. 14, which is only 0.4% above the three-year low of $25.49.
Canon is a Japanese corporation focusing on the manufacture of imaging and optical products. Some of the company’s products include cameras, camcorders, photocopiers, steppers and computer printers. The company has a primary listing on the Tokyo Stock Exchange and a secondary listing on the New York Stock Exchange. The company is also a component of the TOPIX Core 30.
Canon has a market cap of $27.22 billion; its shares were traded around $25.59 with a price-earnings ratio of 24.09 and a price-sales ratio of 0.84. The trailing 12-month dividend yield is 5.79%. The forward dividend yield is 5.73%.
On Feb. 7, Canon announced it has signed a settlement agreement with Bublat GmbH & Co. KG to resolve their patent dispute regarding Canon’s European Patent EP 289. The issue concerns the offering and distribution of certain laser toner cartridges by Bublat. The settlement includes a Europe-wide cease and desist declaration, where Bublat GmbH is prohibited from making and offering certain laser toner cartridges in all countries where the patent is valid.
Orange declined to $14.47
The price of Orange shares declined to $14.47 on Feb. 14, which is only 4.8% above the three-year low of $13.77.
Orange is a French telecommunications corporation that services more than 266 million customers worldwide, employing more than 89,000 people in France. The company is the 10th-largest mobile network operator in the world and the fourth-largest in Europe. The company is also a component of the CAC 40.
Orange has a market cap of $38.35 billion; its shares were traded around $14.47 with a price-earnings ratio of 18.88 and a price-sales ratio of 0.86. The trailing 12-month dividend yield is 5.42%. The forward dividend yield is 5.47%. Orange had an annual average earnings growth of 0.40% over the past five years.
On Feb. 10, Orange announced that it is investing in Gebeya, a pan-African education technology company headquartered in Ethiopia. The company focuses on providing technology education to produce African software engineers and matching them with clients across Africa and globally.
Diamondback Energy declined to $74.97
The price of Diamondback Energy shares declined to $74.97 on Feb. 14, which is only 4.3% above the three-year low of $71.72.
Diamondback Energy is an American fossil fuel company that focuses on hydrocarbon exploration, specifically petroleum and natural gas. As of Dec. 31, 2018, the company has 992 million barrels of oil equivalent of estimated proven reserves. Of those reserves, 63% was petroleum, 19% was natural gas and 18% was natural gas liquids. The company’s reserves are all located in the Permian Basin.
Diamondback Energy has a market cap of $12.03 billion; its shares were traded around $74.97 with a price-earnings ratio of 10.82 and a price-sales ratio of 3.33. The trailing 12-month dividend yield is 0.92%. The forward dividend yield is 1.01%.
On Nov. 20, Diamondback Energy announced that it has priced an offering of $1.0 billion of 2.875% senior notes that will mature on Dec. 1, 2024, $800 million of 3.250% senior notes that will mature on Dec. 1, 2026 and $1.2 billion of 3.500% senior notes that will mature on Dec. 1, 2029. The company plans to use the net proceeds to repay a portion of the outstanding borrowings under its revolving credit facility and to redeem all of the outstanding $1.25 billion aggregate principal amount of its 4.750% senior notes at an aggregate purchase price of $1.3 billion. The offering closed on Dec. 5.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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