Orion Engineered Carbons SA (NYSE:OEC) has received a consensus rating of “Buy” from the six analysts that are presently covering the company. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $19.00.

Several equities analysts have recently weighed in on OEC shares. Zacks Investment Research upgraded Orion Engineered Carbons SA from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, July 20th. JPMorgan Chase & Co. raised their target price on Orion Engineered Carbons SA from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, August 15th.

Orion Engineered Carbons SA (NYSE:OEC) opened at 18.09 on Thursday. The company’s 50-day moving average price is $18.30 and its 200-day moving average price is $16.40. Orion Engineered Carbons SA has a 12-month low of $9.69 and a 12-month high of $19.41. The stock has a market cap of $1.07 billion, a PE ratio of 22.28 and a beta of 0.54.

Orion Engineered Carbons SA (NYSE:OEC) last released its earnings results on Thursday, August 4th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $247.89 million for the quarter, compared to the consensus estimate of $254.85 million. Orion Engineered Carbons SA had a return on equity of 135.26% and a net margin of 4.22%. The business’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. On average, equities analysts expect that Orion Engineered Carbons SA will post $1.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, September 22nd were paid a dividend of $0.1893 per share. This is a boost from Orion Engineered Carbons SA’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, September 20th. This represents a $0.76 annualized dividend and a yield of 4.19%. Orion Engineered Carbons SA’s dividend payout ratio (DPR) is 93.83%.

Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in Orion Engineered Carbons SA by 2.8% in the second quarter. Victory Capital Management Inc. now owns 1,566,776 shares of the company’s stock valued at $24,896,000 after buying an additional 42,825 shares during the period. Nationwide Fund Advisors boosted its stake in Orion Engineered Carbons SA by 21.6% in the second quarter. Nationwide Fund Advisors now owns 47,772 shares of the company’s stock valued at $759,000 after buying an additional 8,500 shares during the period. Neuberger Berman Group LLC boosted its stake in Orion Engineered Carbons SA by 5.3% in the second quarter. Neuberger Berman Group LLC now owns 192,670 shares of the company’s stock valued at $3,062,000 after buying an additional 9,635 shares during the period. California Public Employees Retirement System boosted its stake in Orion Engineered Carbons SA by 16.1% in the second quarter. California Public Employees Retirement System now owns 51,300 shares of the company’s stock valued at $815,000 after buying an additional 7,100 shares during the period. Finally, Monarch Partners Asset Management LLC boosted its stake in Orion Engineered Carbons SA by 162.9% in the second quarter. Monarch Partners Asset Management LLC now owns 40,735 shares of the company’s stock valued at $647,000 after buying an additional 25,240 shares during the period. 29.20% of the stock is owned by institutional investors.

Orion Engineered Carbons SA Company Profile

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.

5 Day Chart for NYSE:OEC

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