Orion Engineered Carbons SA (NYSE:OEC) – Stock analysts at Northcoast Research raised their Q4 2016 earnings per share estimates for Orion Engineered Carbons SA in a research report issued to clients and investors on Monday. Northcoast Research analyst K. Hocevar now anticipates that the firm will post earnings per share of $0.35 for the quarter, up from their previous estimate of $0.34. Northcoast Research also issued estimates for Orion Engineered Carbons SA’s FY2017 earnings at $1.60 EPS.

Several other research firms also recently issued reports on OEC. Zacks Investment Research downgraded Orion Engineered Carbons SA from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. upped their price objective on Orion Engineered Carbons SA from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Orion Engineered Carbons SA presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Earnings History and Estimates for Orion Engineered Carbons SA (NYSE:OEC)

Shares of Orion Engineered Carbons SA (NYSE:OEC) opened at 19.40 on Wednesday. The company’s 50 day moving average is $18.67 and its 200 day moving average is $17.00. Orion Engineered Carbons SA has a 12-month low of $9.69 and a 12-month high of $20.30. The company has a market capitalization of $1.15 billion, a P/E ratio of 37.96 and a beta of 0.54.

Orion Engineered Carbons SA (NYSE:OEC) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The business earned $259.70 million during the quarter, compared to the consensus estimate of $284.62 million. Orion Engineered Carbons SA had a net margin of 2.73% and a return on equity of 141.37%. Orion Engineered Carbons SA’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS.

A number of hedge funds have recently added to or reduced their stakes in the stock. Rovida Advisors Inc. increased its stake in shares of Orion Engineered Carbons SA by 2.4% in the third quarter. Rovida Advisors Inc. now owns 2,560,000 shares of the company’s stock valued at $47,898,000 after buying an additional 60,000 shares during the period. Brigade Capital Management LP increased its stake in shares of Orion Engineered Carbons SA by 10.0% in the first quarter. Brigade Capital Management LP now owns 1,978,200 shares of the company’s stock valued at $27,933,000 after buying an additional 179,072 shares during the period. Victory Capital Management Inc. increased its stake in shares of Orion Engineered Carbons SA by 1.8% in the third quarter. Victory Capital Management Inc. now owns 1,594,867 shares of the company’s stock valued at $29,888,000 after buying an additional 28,091 shares during the period. Dalton Greiner Hartman Maher & Co. increased its stake in shares of Orion Engineered Carbons SA by 1.4% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 704,283 shares of the company’s stock valued at $11,191,000 after buying an additional 9,546 shares during the period. Finally, Weiss Multi Strategy Advisers LLC increased its stake in shares of Orion Engineered Carbons SA by 55.4% in the second quarter. Weiss Multi Strategy Advisers LLC now owns 340,257 shares of the company’s stock valued at $5,407,000 after buying an additional 121,231 shares during the period. 29.20% of the stock is owned by institutional investors and hedge funds.

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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