NEW YORK (TheStreet) -- Shares of Huntsman (HUN - Get Report) are declining 1.92% to $15.80 on Wednesday morning after the company reported lighter-than-expected revenue for the 2016 second quarter.

Before today's opening bell, the Woodlands, TX-based chemical company reported revenue of $2.54 billion, below analysts' estimates of $2.59 billion.

Adjusted earnings of 53 cents per share matched analysts' expectations.

"Our management team is focused on three primary strategic financial objectives. Generating more than $350 million of free cash flow in 2016. Growing margins and earnings in our downstream differentiated businesses. Separating our TiO2 (titanium dioxide) business through either a strategic combination or a spin-off," CEO Peter Huntsman said in a statement.

Separately, TheStreet Ratings Team has a "Buy"  with a ratings score of B- on the stock.

The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and growth in earnings per share.

The team believes its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: HUN