Orion Engineered Carbons S.A (NYSE:OEC) was downgraded by equities researchers at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research note issued to investors on Monday. They presently have a $23.00 price target on the specialty chemicals company’s stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 13.58% from the stock’s previous close.

A number of other brokerages have also recently issued reports on OEC. BidaskClub raised shares of Orion Engineered Carbons S.A from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. ValuEngine cut shares of Orion Engineered Carbons S.A from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Berenberg Bank initiated coverage on shares of Orion Engineered Carbons S.A in a report on Tuesday, May 16th. They issued a “buy” rating and a $26.00 target price on the stock. Zacks Investment Research raised shares of Orion Engineered Carbons S.A from a “sell” rating to a “hold” rating in a report on Saturday, April 22nd. Finally, TheStreet raised shares of Orion Engineered Carbons S.A from a “c” rating to a “b-” rating in a report on Monday, July 24th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.60.

Orion Engineered Carbons S.A (NYSE:OEC) opened at 20.25 on Monday. The company has a 50-day moving average price of $20.87 and a 200 day moving average price of $20.09. Orion Engineered Carbons S.A has a 12 month low of $16.95 and a 12 month high of $24.55. The firm has a market cap of $1.20 billion, a PE ratio of 22.30 and a beta of 0.51.

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Large investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC acquired a new stake in Orion Engineered Carbons S.A during the first quarter worth $219,000. Nine Chapters Capital Management LLC acquired a new stake in Orion Engineered Carbons S.A during the first quarter worth $250,000. Sei Investments Co. acquired a new stake in Orion Engineered Carbons S.A during the second quarter worth $305,000. Jane Street Group LLC acquired a new stake in Orion Engineered Carbons S.A during the first quarter worth $361,000. Finally, Highbridge Capital Management LLC acquired a new stake in Orion Engineered Carbons S.A during the first quarter worth $390,000. 39.11% of the stock is currently owned by institutional investors.

About Orion Engineered Carbons S.A

Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.

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