Orion Engineered Carbons S.A (NYSE:OEC)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research report issued to clients and investors on Friday. They currently have a $26.00 target price on the specialty chemicals company’s stock. Berenberg Bank’s price objective indicates a potential upside of 29.03% from the company’s current price.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised Orion Engineered Carbons S.A from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. Goldman Sachs Group, Inc. (The) raised Orion Engineered Carbons S.A from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Friday, July 14th. BidaskClub raised Orion Engineered Carbons S.A from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. ValuEngine downgraded Orion Engineered Carbons S.A from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, TheStreet raised Orion Engineered Carbons S.A from a “c” rating to a “b-” rating in a research note on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Orion Engineered Carbons S.A presently has an average rating of “Buy” and an average price target of $22.60.

Orion Engineered Carbons S.A (NYSE OEC) opened at 20.15 on Friday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 21.83 and a beta of 0.51. Orion Engineered Carbons S.A has a 52-week low of $17.15 and a 52-week high of $24.55. The company’s 50-day moving average price is $21.08 and its 200 day moving average price is $20.10.

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Several hedge funds have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC purchased a new stake in Orion Engineered Carbons S.A during the first quarter valued at about $219,000. Northern Trust Corp increased its stake in Orion Engineered Carbons S.A by 15.7% in the second quarter. Northern Trust Corp now owns 11,721 shares of the specialty chemicals company’s stock valued at $234,000 after buying an additional 1,594 shares in the last quarter. Nine Chapters Capital Management LLC purchased a new stake in Orion Engineered Carbons S.A during the first quarter valued at about $250,000. Sei Investments Co. purchased a new stake in Orion Engineered Carbons S.A during the second quarter valued at about $305,000. Finally, Jane Street Group LLC purchased a new stake in Orion Engineered Carbons S.A during the first quarter valued at about $361,000. 39.11% of the stock is currently owned by hedge funds and other 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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