Orion Engineered Carbons SA (NYSE:OEC) – Stock analysts at Northcoast Research lifted their FY2016 EPS estimates for Orion Engineered Carbons SA in a research note issued to investors on Friday. Northcoast Research analyst K. Hocevar now forecasts that the brokerage will earn $1.42 per share for the year, up from their previous forecast of $1.40. Northcoast Research also issued estimates for Orion Engineered Carbons SA’s Q4 2016 earnings at $0.34 EPS.
A number of other equities analysts have also recently commented on OEC. Zacks Investment Research raised Orion Engineered Carbons SA from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Wednesday, July 20th. BB&T Corp. started coverage on Orion Engineered Carbons SA in a report on Friday, June 10th. They issued a “buy” rating and a $24.00 target price on the stock. TheStreet raised Orion Engineered Carbons SA from a “sell” rating to a “hold” rating in a report on Tuesday, May 31st. Finally, JPMorgan Chase & Co. raised their target price on Orion Engineered Carbons SA from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.60.
Orion Engineered Carbons SA (NYSE:OEC) opened at 18.70 on Monday. The company’s 50-day moving average price is $18.14 and its 200 day moving average price is $15.92. Orion Engineered Carbons SA has a 52-week low of $9.69 and a 52-week high of $19.13. The stock has a market capitalization of $1.11 billion, a PE ratio of 23.00 and a beta of 0.56.
Orion Engineered Carbons SA (NYSE:OEC) last posted its earnings results on Thursday, August 4th. The company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Orion Engineered Carbons SA had a return on equity of 135.26% and a net margin of 4.22%. The business earned $247.89 million during the quarter, compared to analysts’ expectations of $254.85 million. During the same period in the previous year, the business earned $0.33 earnings per share. The firm’s revenue was down 12.2% on a year-over-year basis.
Large investors have recently bought and sold shares of the stock. Westfield Capital Management Co. LP acquired a new stake in Orion Engineered Carbons SA during the second quarter worth approximately $3,410,000. Brigade Capital Management LP boosted its stake in Orion Engineered Carbons SA by 10.0% in the first quarter. Brigade Capital Management LP now owns 1,978,200 shares of the company’s stock worth $27,933,000 after buying an additional 179,072 shares in the last quarter. Weiss Multi Strategy Advisers LLC boosted its stake in Orion Engineered Carbons SA by 55.4% in the second quarter. Weiss Multi Strategy Advisers LLC now owns 340,257 shares of the company’s stock worth $5,407,000 after buying an additional 121,231 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Orion Engineered Carbons SA during the first quarter worth approximately $1,636,000. Finally, Nuveen Asset Management LLC boosted its stake in Orion Engineered Carbons SA by 63.0% in the second quarter. Nuveen Asset Management LLC now owns 221,487 shares of the company’s stock worth $3,519,000 after buying an additional 85,631 shares in the last quarter. 29.20% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 22nd will be issued a dividend of $0.1893 per share. The ex-dividend date is Tuesday, September 20th. This is a boost from Orion Engineered Carbons SA’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a yield of 4.05%. Orion Engineered Carbons SA’s dividend payout ratio (DPR) is currently 92.59%.
About Orion Engineered Carbons SA
Orion Engineered Carbons SA is a producer of carbon black. The Company conducts its operations through two segments: the Specialty Carbon Black segment and the Rubber Carbon Black segment. The Specialty Carbon Black segment is engaged in the production of specialty black carbon. The Rubber Carbon Black segment is involved in the production of rubber carbon black.
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