Shares of Orion Engineered Carbons SA (NYSE:OEC) have earned an average rating of “Hold” from the eight analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $29.50.
OEC has been the topic of a number of research analyst reports. Northcoast Research restated a “buy” rating on shares of Orion Engineered Carbons in a research note on Tuesday, March 12th. Barclays set a $24.00 price target on shares of Orion Engineered Carbons and gave the company a “hold” rating in a research note on Friday, May 3rd. CJS Securities initiated coverage on shares of Orion Engineered Carbons in a research note on Thursday, March 21st. They issued a “market outperform” rating on the stock. JPMorgan Chase & Co. downgraded shares of Orion Engineered Carbons from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $31.00 to $20.00 in a research note on Monday, March 11th. Finally, ValuEngine downgraded shares of Orion Engineered Carbons from a “hold” rating to a “sell” rating in a research note on Friday, February 8th.
A number of large investors have recently bought and sold shares of the stock. Renaissance Group LLC boosted its position in Orion Engineered Carbons by 2.1% during the 4th quarter. Renaissance Group LLC now owns 24,445 shares of the specialty chemicals company’s stock worth $618,000 after buying an additional 508 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Orion Engineered Carbons by 2.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 28,900 shares of the specialty chemicals company’s stock worth $731,000 after purchasing an additional 750 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Orion Engineered Carbons by 53.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,440 shares of the specialty chemicals company’s stock worth $62,000 after purchasing an additional 846 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Orion Engineered Carbons by 10.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 9,959 shares of the specialty chemicals company’s stock worth $252,000 after purchasing an additional 940 shares during the last quarter. Finally, First Mercantile Trust Co. raised its holdings in Orion Engineered Carbons by 9.4% during the 1st quarter. First Mercantile Trust Co. now owns 18,479 shares of the specialty chemicals company’s stock worth $351,000 after purchasing an additional 1,590 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.
Orion Engineered Carbons stock traded up $0.48 during trading hours on Friday, reaching $20.10. 337,667 shares of the stock were exchanged, compared to its average volume of 431,903. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 0.97 and a beta of 1.00. The company has a quick ratio of 1.27, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. Orion Engineered Carbons has a twelve month low of $17.52 and a twelve month high of $36.55.
Orion Engineered Carbons (NYSE:OEC) last posted its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.08). Orion Engineered Carbons had a net margin of 7.47% and a return on equity of 82.03%. The company had revenue of $384.71 million during the quarter, compared to analyst estimates of $412.14 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, sell-side analysts expect that Orion Engineered Carbons will post 1.98 earnings per share for the current year.
About Orion Engineered Carbons
Orion Engineered Carbons SA, together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates through two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications.
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