Orion Engineered Carbons SA (NYSE:OEC) has earned an average recommendation of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $28.75.
Several analysts have recently commented on OEC shares. JPMorgan Chase & Co. increased their price target on shares of Orion Engineered Carbons from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group reissued a “neutral” rating and set a $29.00 price target (up from $23.00) on shares of Orion Engineered Carbons in a research note on Friday, February 23rd. Zacks Investment Research cut shares of Orion Engineered Carbons from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Jefferies Group started coverage on shares of Orion Engineered Carbons in a research note on Monday, January 22nd. They set a “buy” rating on the stock. Finally, KeyCorp reissued a “buy” rating and set a $33.00 price target (up from $29.00) on shares of Orion Engineered Carbons in a research note on Monday, February 26th.
Hedge funds have recently made changes to their positions in the business. Zions Bancorporation bought a new position in Orion Engineered Carbons in the third quarter valued at approximately $113,000. Macquarie Group Ltd. bought a new position in Orion Engineered Carbons in the fourth quarter valued at approximately $136,000. Quantum Capital Management bought a new position in Orion Engineered Carbons in the third quarter valued at approximately $201,000. Nationwide Fund Advisors bought a new position in Orion Engineered Carbons in the third quarter valued at approximately $250,000. Finally, Boothbay Fund Management LLC bought a new position in Orion Engineered Carbons in the third quarter valued at approximately $257,000. 86.01% of the stock is currently owned by hedge funds and other institutional investors.
Orion Engineered Carbons (NYSE:OEC) traded down $0.40 on Wednesday, hitting $27.85. 434,670 shares of the stock traded hands, compared to its average volume of 734,997. Orion Engineered Carbons has a twelve month low of $17.15 and a twelve month high of $30.25. The company has a debt-to-equity ratio of 6.82, a current ratio of 1.83 and a quick ratio of 1.27. The company has a market capitalization of $1,669.78, a PE ratio of 22.28 and a beta of 0.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 30th. Shareholders of record on Wednesday, June 20th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 19th. This represents a $0.80 dividend on an annualized basis and a yield of 2.87%. Orion Engineered Carbons’s payout ratio is presently 64.00%.
COPYRIGHT VIOLATION NOTICE: “Orion Engineered Carbons SA (OEC) Receives Consensus Rating of “Buy” from Analysts” was reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.thelincolnianonline.com/2018/03/14/orion-engineered-carbons-sa-oec-receives-consensus-rating-of-buy-from-analysts.html.
Orion Engineered Carbons Company Profile
Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.
Receive News & Ratings for Orion Engineered Carbons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Engineered Carbons and related companies with MarketBeat.com's FREE daily email newsletter.