Orion Engineered Carbons SA (OEC) Sets New 52-Week High at $18.71
Orion Engineered Carbons SA (NYSE:OEC) reached a new 52-week high during trading on Tuesday . The stock traded as high as $18.71 and last traded at $18.61, with a volume of 20,330 shares. The stock had previously closed at $18.32.
OEC has been the subject of several research reports. Zacks Investment Research upgraded shares of Orion Engineered Carbons SA from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, July 20th. JPMorgan Chase & Co. lifted their price objective on shares of Orion Engineered Carbons SA from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, August 15th. TheStreet upgraded shares of Orion Engineered Carbons SA from a “sell” rating to a “hold” rating in a research note on Tuesday, May 31st. Finally, BB&T Corp. initiated 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 objective for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Orion Engineered Carbons SA has an average rating of “Hold” and a consensus price target of $18.60.
The stock’s 50-day moving average price is $16.95 and its 200-day moving average price is $15.03. The firm has a market capitalization of $1.10 billion and a P/E ratio of 22.75.
Orion Engineered Carbons SA (NYSE:OEC) last released its earnings results on Thursday, August 4th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $247.89 million for the quarter, compared to the consensus estimate of $254.85 million. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS. Analysts anticipate that Orion Engineered Carbons SA will post $1.40 EPS for the current fiscal year.
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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