Shares of Orion Engineered Carbons SA (NYSE:OEC) have received an average recommendation of “Hold” from the six ratings firms that are currently covering the firm. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $18.75.

Several analysts have recently weighed in on OEC shares. Zacks Investment Research cut Orion Engineered Carbons SA from a “buy” rating to a “hold” rating in a report on Saturday, October 29th. JPMorgan Chase & Co. upped their target price on Orion Engineered Carbons SA from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, August 15th.

Institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD acquired a new position in shares of Orion Engineered Carbons SA during the third quarter valued at about $22,307,000. Scopus Asset Management L.P. acquired a new position in shares of Orion Engineered Carbons SA during the third quarter valued at about $14,639,000. Rovida Advisors Inc. raised its position 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. Morgan Stanley raised its position in shares of Orion Engineered Carbons SA by 9.8% in the third quarter. Morgan Stanley now owns 110,987 shares of the company’s stock valued at $2,080,000 after buying an additional 9,879 shares during the period. Finally, Adirondack Research & Management Inc. raised its position in shares of Orion Engineered Carbons SA by 34.6% in the third quarter. Adirondack Research & Management Inc. now owns 115,288 shares of the company’s stock valued at $2,160,000 after buying an additional 29,624 shares during the period. 29.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Orion Engineered Carbons SA (NYSE:OEC) opened at 20.05 on Thursday. The firm has a market capitalization of $1.19 billion, a P/E ratio of 40.02 and a beta of 0.54. The firm’s 50-day moving average is $18.75 and its 200 day moving average is $17.30. Orion Engineered Carbons SA has a one year low of $9.69 and a one year high of $20.30.

Orion Engineered Carbons SA (NYSE:OEC) last released its earnings results on Thursday, November 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.33. Orion Engineered Carbons SA had a return on equity of 141.37% and a net margin of 2.73%. The firm had revenue of $259.70 million for the quarter, compared to analysts’ expectations of $284.62 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. Equities research analysts predict that Orion Engineered Carbons SA will post $1.33 earnings per share for the current year.

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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