Orion Engineered Carbons SA (NYSE:OEC) Receives $20.50 Consensus PT from Analysts

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Orion Engineered Carbons SA (NYSE:OEC) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $20.50.

OEC has been the subject of several recent research reports. ValuEngine downgraded Orion Engineered Carbons from a “hold” rating to a “sell” rating in a report on Monday, November 4th. UBS Group dropped their target price on shares of Orion Engineered Carbons from $26.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Finally, Zacks Investment Research downgraded shares of Orion Engineered Carbons from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th.

In other news, insider Stinson Terry 1,672,621 shares of the company’s stock in a transaction on Monday, November 18th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OEC. BlackRock Inc. grew its holdings in Orion Engineered Carbons by 136,236.1% in the second quarter. BlackRock Inc. now owns 2,789,437 shares of the specialty chemicals company’s stock worth $59,722,000 after purchasing an additional 2,787,391 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Orion Engineered Carbons during the second quarter worth $7,414,000. Vanguard Group Inc. lifted its stake in shares of Orion Engineered Carbons by 295.4% during the second quarter. Vanguard Group Inc. now owns 417,632 shares of the specialty chemicals company’s stock worth $8,941,000 after buying an additional 311,998 shares during the period. Tocqueville Asset Management L.P. lifted its stake in shares of Orion Engineered Carbons by 423.8% during the third quarter. Tocqueville Asset Management L.P. now owns 353,550 shares of the specialty chemicals company’s stock worth $5,908,000 after buying an additional 286,050 shares during the period. Finally, State Street Corp lifted its stake in shares of Orion Engineered Carbons by 16.2% during the third quarter. State Street Corp now owns 1,054,028 shares of the specialty chemicals company’s stock worth $17,613,000 after buying an additional 146,566 shares during the period. 93.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of Orion Engineered Carbons stock traded up $0.01 on Friday, hitting $19.31. 1,645 shares of the company traded hands, compared to its average volume of 302,985. The company has a current ratio of 1.83, a quick ratio of 1.24 and a debt-to-equity ratio of 3.52. The company has a market cap of $1.12 billion, a PE ratio of 8.73, a PEG ratio of 1.05 and a beta of 1.33. The stock’s 50 day moving average price is $19.11 and its 200-day moving average price is $17.40. Orion Engineered Carbons has a 52 week low of $12.10 and a 52 week high of $28.51.

Orion Engineered Carbons (NYSE:OEC) last announced its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The company had revenue of $370.20 million for the quarter, compared to analysts’ expectations of $405.34 million. Orion Engineered Carbons had a return on equity of 68.78% and a net margin of 5.74%. As a group, research analysts anticipate that Orion Engineered Carbons will post 1.82 EPS for the current fiscal year.

Orion Engineered Carbons Company Profile

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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Analyst Recommendations for Orion Engineered Carbons (NYSE:OEC)

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