Orion Engineered Carbons SA (OEC) Trading Up 4.4%
Orion Engineered Carbons SA (NYSE:OEC) was up 4.4% during mid-day trading on Thursday . The company traded as high as $17.96 and last traded at $17.89, with a volume of 156,955 shares changing hands. The stock had previously closed at $17.14.
A number of research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Orion Engineered Carbons SA from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, July 20th. BB&T Corp. assumed coverage on shares of Orion Engineered Carbons SA in a research note on Friday, June 10th. They issued a “buy” rating and a $24.00 price target on the stock. Finally, TheStreet upgraded shares of Orion Engineered Carbons SA from a “sell” rating to a “hold” rating in a research note on Tuesday, May 31st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $18.40.
The firm has a market cap of $1.06 billion and a PE ratio of 22.08. The stock has a 50-day moving average price of $16.31 and a 200 day moving average price of $14.61.
Orion Engineered Carbons SA (NYSE:OEC) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. During the same quarter in the prior year, the business earned $0.33 earnings per share. The business had revenue of $247.89 million for the quarter, compared to analyst estimates of $254.85 million. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. Equities research analysts expect that Orion Engineered Carbons SA will post $1.39 earnings per share for the current year.
An institutional investor recently raised its position in Orion Engineered Carbons SA stock. Victory Capital Management Inc. raised its position in shares of Orion Engineered Carbons SA (NYSE:OEC) by 5.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 reporting period.
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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