Shares of Orion Engineered Carbons SA (NYSE:OEC) have earned an average rating of “Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $25.00.

OEC has been the topic of several recent research reports. UBS Group lifted their price objective on shares of Orion Engineered Carbons from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Orion Engineered Carbons from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. JPMorgan Chase & Co. raised shares of Orion Engineered Carbons from a “neutral” rating to an “overweight” rating and set a $29.00 price objective on the stock in a research note on Monday, November 6th. Barclays lifted their price objective on shares of Orion Engineered Carbons from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 7th. Finally, KeyCorp lifted their price objective on shares of Orion Engineered Carbons from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, October 16th.

Orion Engineered Carbons (NYSE OEC) traded down $0.25 during trading on Tuesday, reaching $27.00. 338,300 shares of the company’s stock traded hands, compared to its average volume of 646,622. The firm has a market cap of $1,630.00, a PE ratio of 20.77 and a beta of 0.54. The company has a debt-to-equity ratio of 8.95, a quick ratio of 1.47 and a current ratio of 2.08. Orion Engineered Carbons has a 52-week low of $17.15 and a 52-week high of $27.70.

Orion Engineered Carbons (NYSE:OEC) last released its earnings results on Thursday, November 2nd. The specialty chemicals company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.03). Orion Engineered Carbons had a net margin of 5.50% and a return on equity of 137.36%. equities research analysts anticipate that Orion Engineered Carbons will post 1.65 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Friday, December 22nd were issued a $0.169 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Thursday, December 21st. Orion Engineered Carbons’s payout ratio is 61.54%.

Several institutional investors and hedge funds have recently made changes to their positions in OEC. Parametric Portfolio Associates LLC boosted its holdings in shares of Orion Engineered Carbons by 9.8% during the second quarter. Parametric Portfolio Associates LLC now owns 11,734 shares of the specialty chemicals company’s stock worth $234,000 after purchasing an additional 1,046 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Orion Engineered Carbons by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 75,908 shares of the specialty chemicals company’s stock worth $1,515,000 after purchasing an additional 1,492 shares during the period. Northern Trust Corp boosted its holdings in shares of Orion Engineered Carbons by 15.7% during the second quarter. Northern Trust Corp now owns 11,721 shares of the specialty chemicals company’s stock worth $234,000 after purchasing an additional 1,594 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Orion Engineered Carbons by 10.4% during the third quarter. Advisors Asset Management Inc. now owns 51,937 shares of the specialty chemicals company’s stock worth $1,166,000 after purchasing an additional 4,895 shares during the period. Finally, Zions Bancorporation acquired a new stake in shares of Orion Engineered Carbons during the third quarter worth approximately $113,000. Institutional investors own 54.56% of the company’s stock.

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Orion Engineered Carbons Company Profile

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.

Analyst Recommendations for Orion Engineered Carbons (NYSE:OEC)

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