Top 10 Undervalued Stocks To Own For 2023


Shares of Tronox Holdings closed sharply higher Monday following a report that said the pigment manufacturer received an all-cash offer of $4.3 billion from private-equity giant  Apollo Global Management.

On a per-share basis, the offer was for $27 a share, Reuters reported, citing sources who spoke on condition of anonymity. Tronox has hired advisers to consider the bid.

Efforts to reach Tronox for comment were unsuccessful.

Tronox (ticker: TROX) shares rose 11.05% on Monday to close at $22.81. The stock traded as high as $25.48 earlier in the session, the biggest advance since April 2020, according to Bloomberg.

Eight analysts surveyed by FactSet rate Tronox stock at Overweight, with an average price target of $25.88.

Analysts at Alembic Global Advisors said if the report of Apollo’s bid is true, Tronox shares were being undervalued.

Top 10 Undervalued Stocks To Own For 2023: Teekay Offshore Partners L.P.(TOO)


Teekay Offshore Partners L.P., incorporated on August 30, 2006, is a provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry focusing on the deep-water offshore oil regions of the North Sea, Brazil and the East Coast of Canada. The Company operates shuttle tankers; towage vessels; floating, production, storage and off-loading (FPSO) units; floating storage and off-take (FSO) units; units for maintenance and safety (UMS); long-distance towing and offshore installation vessels, and conventional crude oil tankers. The Company’s segments include shuttle tanker segment, FPSO segment, FSO segment, conventional tanker segment, towage segment and UMS segment. The Company’s fleet consists of approximately 30 shuttle tankers, including over three chartered-in vessels and approximately one HiLoad Dynamic Positioning (DP) unit, over six FPSO units, approximately seven FSO units, over six long-distance towing and offshore installation vessels, a UMS and over two conventional oil tankers.


The Company’s shuttle tankers are primarily subject to long-term, fixed-rate time-charter contracts for a specific offshore oil field or under contracts of affreightment for various fields. The number of voyages performed under these contracts of affreightment normally depends upon the oil production of each field. The Company’s shuttle tankers service the conventional spot tanker market. The Company’s shuttle tanker fleet consists of over 30 vessels that operate under fixed-rate contracts of affreightment, time charters and bareboat charters, over one shuttle tanker in lay-up as a conversion candidate, and the HiLoad DP unit. All of these shuttle tankers, with the exception of the HiLoad DP unit, provide transportation services to energy companies, primarily in the North Sea, Brazil and the East Coast of Canada. It has approximately 110 vessels in the world shuttle tanker fleet (including over 20 newbuildings), the majority of which operate in the North Sea and Brazil. Shuttle tankers also operate in the United States Gulf.


The Company uses the FPSO units to provide production, processing and storage services to oil companies operating offshore oil field installations. These services are provided under long-term, fixed-rate FPSO contracts, some of which also include certain incentive compensation or penalties based on the level of oil production and other operational measures. The Company’s FPSO fleet consists of the Petrojarl Varg, the Cidade de Rio das Ostras (Rio das Ostras), the Piranema Spirit, the Voyageur Spirit, the Petrojarl I and the Petrojarl Knarr FPSO units, all of which it owns 100%, and the Itajai and the Libra FPSO units, of which it owns 50%. The Company’s FSO units provide an on-site storage solution to oil field installations that have no oil storage facilities or that require supplemental storage. The Company’s FSO units are placed on long-term, fixed-rate time charters or bareboat charters as an integrated part of the field development plan. It has approximately 90 FSO units operating and over seven FSO units on order in the world fleet, and has approximately seven FSO units in which its ownership interests ranged from 89% to 100%, including over one vessel undergoing conversion into an FSO unit. Its FSO units include Suksan Salamander, Navion Saga, Pattani Spirit, Dampier Spirit, Apollo Spirit and others. The Company’s conventional oil tankers are used primarily for transcontinental seaborne transportation of oil.


The Company provides long-distance towing and offshore installation vessels with DP2 capability. The Company has approximately 30 long-distance towing and offshore installation vessels operating and over four long-distance towing and offshore installation vessels on order in the world fleet. Its towage fleet includes over 10 long-distance towing and offshore installation vessels (including over four ultra-long distance towing and offshore installation vessel newbuildings). All of its delivered towing and offshore installation vessels operate on voyage-charter towage contracts. The Company has a UMS, the Arendal Spirit, and approximately two newbuildings. The Arendal Spirit operates on a fixed-rate time-charter contract. It has approximately 40 DP UMS operating and over 20 units on order in the world fleet. The UMS fleet is used primarily for offshore accommodation, storage and support for maintenance and modification projects on existing offshore installations, or during the installation and decommissioning of large floating exploration, production and storage units, including FPSO units, floating liquefied natural gas (FLNG) units and floating drill rigs.


Advisors’ Opinion:

  • [By Matthew DiLallo]

    Teekay Offshore Partners (NYSE:TOO) surged more than 15% by 2:30 p.m. EST on Friday. Driving the offshore service provider’s rally was its better-than-expected fourth-quarter results.

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on Teekay Offshore Partners (TOO)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Stephan Byrd]

    Teekay Offshore Partners (NYSE:TOO) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Saturday.

  • [By Max Byerly]

    Odyssey Marine Exploration (NASDAQ: OMEX) and Teekay Offshore Partners (NYSE:TOO) are both small-cap transportation companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, risk, analyst recommendations, profitability, institutional ownership, valuation and earnings.

Top 10 Undervalued Stocks To Own For 2023: Xerium Technologies Inc.(XRM)


Xerium Technologies, Inc. manufactures and supplies consumable products used in the production of paper clothing and roll covers primarily in North America, Europe, South America, and the Asia-Pacific. It operates in two segments, Clothing and Roll Covers. The Clothing segment provides various types of industrial textiles used on paper-making machines and other industrial applications. This segment offers forming fabrics, press felts, and dryer fabrics; and fabrics used in other industrial applications, such as pulp, steel, plastics, leather, and textiles manufacturing. The Roll Covers segment manufactures, refurbishes, and replaces roll covers for working rolls, including vacuum rolls and press rolls; calendar rolls; and coater rolls that are used on paper-making machines. This segment also refurbishes previously installed roll covers; provides mechanical maintenance and repair services for the internal mechanisms of rolls used on paper-making machines; and manufactures a nd repairs spreader rolls. The company markets its products through its direct sales force under Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec, and Xibe brand names. Xerium Technologies, Inc. was founded in 1999 and is headquartered in Raleigh, North Carolina.


Advisors’ Opinion:

  • [By Shane Hupp]

    Media coverage about Xerium Technologies (NYSE:XRM) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Xerium Technologies earned a news impact score of 0.17 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 47.7306467260184 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Top 10 Undervalued Stocks To Own For 2023: Sealed Air Corporation(SEE)


Sealed Air Corporation, a corporation organized under the laws of Delaware, is a global leader in food safety and security, facility hygiene and product protection. We serve an array of end markets including food and beverage processing, food service, retail, healthcare and industrial, and commercial and consumer applications. Our focus is on achieving quality sales growth through leveraging our geographic footprint, technological know-how and leading market positions to bring measureable, sustainable value to our customers and investors.
Sealed Air was founded in 1960. We conduct substantially all of our business through three wholly-owned subsidiaries, Cryovac, Inc., Sealed Air Corporation (US) and Diversey, Inc. (“Diversey”). Throughout this Annual Report on Form 10-K, when we refer to “Sealed Air,” the “Company,” “we,” “us” or “our,” we are referring to Sealed Air Corporation and all of our subsidiaries, except where the context indicates otherwise.   Advisors’ Opinion:

  • [By Stephan Byrd]

    ILLEGAL ACTIVITY NOTICE: “ETRADE Capital Management LLC Acquires Shares of 18,162 Sealed Air Corp (SEE)” was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at www.tickerreport.com/banking-finance/4195548/etrade-capital-management-llc-acquires-shares-of-18162-sealed-air-corp-see.html.

  • [By Motley Fool Transcribers]

    Sealed Air Corp  (NYSE:SEE)Q4 2018 Earnings Conference CallFeb. 07, 2019, 10:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

Top 10 Undervalued Stocks To Own For 2023: Dover Corporation(DOV)

Dover Corporation manufactures and sells a range of equipment and components, specialty systems, and support services in the United States and internationally. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of oil, natural gas liquids, and gas to drilling and production, bearings and compression, and automation end markets. The Engineered Systems segment offers precision marking and coding, digital textile, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets. The Fluids segment focuses on the safe handling of critical fluids across the retail fueling, chemical, hygienic, and industrial markets. It also manufactures connectors for use in various bio-processing applications; and displacement and centrifugal pumps for demanding and specialized fluid transfer process applications. The Refrigeration & Food Equipment segment provides refrigeration systems, refrigeration display cases, specialty glass, commercial glass refrigerator and freezer doors, and brazed heat exchangers; and electrical distribution products and engineering services, commercial food service equipment, cook-chill production systems, custom food storage and preparation products, kitchen ventilation systems, conveyer systems, beverage can-making machinery, and packaging machines used for meat, poultry, and other food products. The company was founded in 1947 and is headquartered in Downers Grove, Illinois.


Advisors’ Opinion:

  • [By Travis Hoium (tmfflushdraw)]

    Shares of water company Cadiz (NASDAQ:CDZI) were down by as much as 17.7% Monday as a sell-off in the company’s normally stable stock continued. Shares of the infrastructure stock closed the session off by 8.5%. 

  • [By Max Byerly]

    Odey Asset Management Group Ltd lessened its holdings in Cadiz Inc (NASDAQ:CDZI) by 18.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,026,450 shares of the company’s stock after selling 237,913 shares during the quarter. Cadiz makes up 1.3% of Odey Asset Management Group Ltd’s holdings, making the stock its 15th largest holding. Odey Asset Management Group Ltd’s holdings in Cadiz were worth $13,446,000 as of its most recent SEC filing.

  • [By Joseph Griffin]

    Cadiz (NASDAQ:CDZI) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday.

Leave a Reply

Your email address will not be published.