Shares of Orion Engineered Carbons SA (NYSE:OEC) saw strong trading volume on Wednesday . 153,650 shares were traded during mid-day trading, an increase of 146% from the previous session’s volume of 62,355 shares.The stock last traded at $17.14 and had previously closed at $17.25.

Several analysts recently commented on the company. Zacks Investment Research lowered Orion Engineered Carbons SA from a “buy” rating to a “hold” rating in a report on Wednesday. BB&T Corp. assumed coverage on Orion Engineered Carbons SA in a report on Friday, June 10th. They issued a “buy” rating and a $24.00 price objective for the company. Finally, TheStreet raised Orion Engineered Carbons SA from a “sell” rating to a “hold” rating in a report on Tuesday, May 31st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.40.

The stock’s 50 day moving average is $16.28 and its 200-day moving average is $14.58. The company has a market capitalization of $1.02 billion and a price-to-earnings ratio of 21.11.

Orion Engineered Carbons SA (NYSE:OEC) last announced its earnings results on Thursday, August 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. During the same period last year, the business posted $0.33 EPS. The company had revenue of $247.89 million for the quarter, compared to the consensus estimate of $254.85 million. The firm’s revenue was down 12.2% compared to the same quarter last year. On average, equities research analysts expect that Orion Engineered Carbons SA will post $1.40 EPS for the current fiscal year.

A hedge fund recently raised its stake in Orion Engineered Carbons SA stock. Victory Capital Management Inc. increased its stake in shares of Orion Engineered Carbons SA (NYSE:OEC) by 5.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,381,851 shares of the company’s stock after buying an additional 75,451 shares during the period. Victory Capital Management Inc. owned 2.32% of Orion Engineered Carbons SA worth $17,411,000 at the end of the most recent quarter.

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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