Orion Engineered Carbons SA (NYSE:OEC) shares traded up 6.5% during trading on Monday . The company traded as high as $15.57 and last traded at $15.49, 284,158 shares traded hands during mid-day trading. A decline of 45% from the average session volume of 520,753 shares. The stock had previously closed at $14.55.
Several brokerages recently weighed in on OEC. TheStreet lowered Orion Engineered Carbons from a “b-” rating to a “c+” rating in a research report on Tuesday, August 6th. Zacks Investment Research downgraded Orion Engineered Carbons from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Finally, Loop Capital lowered Orion Engineered Carbons from a “buy” rating to a “hold” rating and decreased their price target for the company from $29.00 to $17.00 in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Orion Engineered Carbons has a consensus rating of “Hold” and an average target price of $25.20.
The firm has a market capitalization of $921.94 million, a price-to-earnings ratio of 7.67, a PEG ratio of 0.85 and a beta of 1.24. The business’s 50-day simple moving average is $14.78 and its two-hundred day simple moving average is $19.02. The company has a quick ratio of 1.23, a current ratio of 1.77 and a debt-to-equity ratio of 3.81.
Orion Engineered Carbons (NYSE:OEC) last released its quarterly earnings results on Thursday, August 1st. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The company had revenue of $399.02 million during the quarter, compared to analysts’ expectations of $391.68 million. Orion Engineered Carbons had a net margin of 5.64% and a return on equity of 71.44%. Orion Engineered Carbons’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $0.69 earnings per share. Sell-side analysts anticipate that Orion Engineered Carbons SA will post 1.82 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.80 annualized dividend and a yield of 4.72%. Orion Engineered Carbons’s dividend payout ratio (DPR) is presently 36.20%.
A number of hedge funds and other institutional investors have recently made changes to their positions in OEC. BNP Paribas Arbitrage SA acquired a new stake in shares of Orion Engineered Carbons in the second quarter valued at $28,000. Quantamental Technologies LLC raised its holdings in shares of Orion Engineered Carbons by 130.9% in the 2nd quarter. Quantamental Technologies LLC now owns 5,079 shares of the specialty chemicals company’s stock valued at $109,000 after buying an additional 2,879 shares during the period. Bank of Montreal Can raised its holdings in shares of Orion Engineered Carbons by 255.7% in the 2nd quarter. Bank of Montreal Can now owns 6,918 shares of the specialty chemicals company’s stock valued at $148,000 after buying an additional 4,973 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in Orion Engineered Carbons by 48.6% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 8,040 shares of the specialty chemicals company’s stock worth $152,000 after acquiring an additional 2,630 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Orion Engineered Carbons during the 2nd quarter worth about $184,000. 96.13% of the stock is currently owned by institutional investors.
Orion Engineered Carbons Company Profile (NYSE:OEC)
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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