Orion Engineered Carbons SA (OEC) Sees Strong Trading Volume
Shares of Orion Engineered Carbons SA (NYSE:OEC) saw strong trading volume on Wednesday . 111,657 shares were traded during trading, an increase of 51% from the previous session’s volume of 74,121 shares.The stock last traded at $18.58 and had previously closed at $18.37.
A number of equities research analysts recently weighed in on the company. BB&T Corp. assumed coverage on Orion Engineered Carbons SA in a research report on Friday, June 10th. They set a “buy” rating and a $24.00 price objective on the stock. Zacks Investment Research downgraded Orion Engineered Carbons SA from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. JPMorgan Chase & Co. raised their price target on Orion Engineered Carbons SA from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, August 15th. 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 two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $18.60.
The stock has a 50-day moving average of $16.86 and a 200 day moving average of $15.01. The stock has a market capitalization of $1.10 billion and a PE ratio of 22.75.
Orion Engineered Carbons SA (NYSE:OEC) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. During the same quarter in the prior year, the firm posted $0.33 EPS. The firm earned $247.89 million during the quarter, compared to analysts’ expectations of $254.85 million. Orion Engineered Carbons SA’s quarterly revenue was down 12.2% compared to the same quarter last year. On average, equities analysts anticipate that Orion Engineered Carbons SA will post $1.40 EPS 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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