Shares of Orion Engineered Carbons SA (NYSE:OEC) traded up 4.4% during trading on Thursday . The stock 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.

Several analysts have recently commented on the stock. Zacks Investment Research cut shares of Orion Engineered Carbons SA from a “buy” rating to a “hold” rating in a research note on Wednesday. BB&T Corp. assumed coverage on shares of Orion Engineered Carbons SA in a research note on Friday, June 10th. They set a “buy” rating and a $24.00 price target on the stock. Finally, TheStreet raised 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 stock presently has a consensus rating of “Hold” and an average target price of $18.40.

The firm has a market cap of $1.07 billion and a PE ratio of 22.29. The stock’s 50-day moving average price is $16.35 and its 200 day moving average price is $14.65.

Orion Engineered Carbons SA (NYSE:OEC) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The business earned $247.89 million during the quarter, compared to analyst estimates of $254.85 million. During the same quarter last year, the firm earned $0.33 EPS. Orion Engineered Carbons SA’s revenue for the quarter was down 12.2% compared to the same quarter last year. Equities analysts predict that Orion Engineered Carbons SA will post $1.38 EPS for the current year.

A hedge fund recently raised its stake in Orion Engineered Carbons SA stock. Victory Capital Management Inc. boosted its stake 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 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 about 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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