Shares of Orion Engineered Carbons SA (NYSE:OEC) have received an average rating of “Buy” from the six brokerages that are currently covering the firm. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $19.00.
A number of equities analysts recently commented on OEC shares. Zacks Investment Research raised Orion Engineered Carbons SA from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday, July 20th. JPMorgan Chase & Co. upped their price objective on Orion Engineered Carbons SA from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, August 15th.
Large investors have recently modified their holdings of the company. Westfield Capital Management Co. LP acquired a new stake in shares of Orion Engineered Carbons SA during the second quarter valued at $3,410,000. Brigade Capital Management LP increased its stake in shares of 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 valued at $27,933,000 after buying an additional 179,072 shares during the last quarter. Weiss Multi Strategy Advisers LLC increased its stake in shares of 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 valued at $5,407,000 after buying an additional 121,231 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Orion Engineered Carbons SA during the first quarter valued at $1,636,000. Finally, Nuveen Asset Management LLC increased its stake in shares of 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 valued at $3,519,000 after buying an additional 85,631 shares during the last quarter. Hedge funds and other institutional investors own 29.20% of the company’s stock.
Shares of Orion Engineered Carbons SA (NYSE:OEC) traded down 0.61% during midday trading on Thursday, hitting $17.99. The stock had a trading volume of 51,132 shares. The company’s 50 day moving average is $18.33 and its 200 day moving average is $16.29. The company has a market cap of $1.07 billion, a PE ratio of 22.16 and a beta of 0.55. Orion Engineered Carbons SA has a 52-week low of $9.69 and a 52-week high of $19.41.
Orion Engineered Carbons SA (NYSE:OEC) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates 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 company earned $247.89 million during the quarter, compared to analyst estimates of $254.85 million. During the same period in the prior year, the company earned $0.33 earnings per share. The firm’s revenue was down 12.2% on a year-over-year basis. On average, analysts anticipate that Orion Engineered Carbons SA will post $1.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 22nd were issued a $0.1893 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.18%. This is an increase from Orion Engineered Carbons SA’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, September 20th. Orion Engineered Carbons SA’s dividend payout ratio is presently 93.83%.
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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