Orion Engineered Carbons SA (OEC) Reaches New 12-Month High at $18.71
Shares of Orion Engineered Carbons SA (NYSE:OEC) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.71 and last traded at $18.61, with a volume of 20,330 shares traded. The stock had previously closed at $18.32.
Several analysts have recently issued reports on OEC shares. BB&T Corp. started coverage on shares of Orion Engineered Carbons SA in a research report on Friday, June 10th. They set a “buy” rating and a $24.00 price target on the stock. Zacks Investment Research cut shares of Orion Engineered Carbons SA from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. JPMorgan Chase & Co. raised their target price on shares of Orion Engineered Carbons SA from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, August 15th. Finally, TheStreet raised shares of Orion Engineered Carbons SA from a “sell” rating to a “hold” rating in a report on Tuesday, May 31st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.60.
The firm’s 50-day moving average price is $16.82 and its 200-day moving average price is $14.97. The stock has a market cap of $1.09 billion and a PE ratio of 22.57.
Orion Engineered Carbons SA (NYSE:OEC) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The company earned $247.89 million during the quarter, compared to analysts’ expectations of $254.85 million. During the same quarter in the prior year, the company earned $0.33 EPS. The firm’s revenue was down 12.2% compared to the same quarter last year. Equities research analysts anticipate that Orion Engineered Carbons SA will post $1.40 earnings per share for the current 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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