OCI Partners (OCIP) Earning Somewhat Favorable Press Coverage, Study Finds
Media coverage about OCI Partners (NYSE:OCIP) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. OCI Partners earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 44.6084706827791 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Financial Comparison: Valvoline (VVV) vs. OCI Partners (OCIP) (americanbankingnews.com)
- Can OCI Partners LP (OCIP) Improve Your Portfolio Returns? (finance.yahoo.com)
- Nathaniel A. Gregory Acquires 10,000 Shares of OCI Partners LP (OCIP) Stock (americanbankingnews.com)
- OCI Partners LP (OCIP) Downgraded by BidaskClub (americanbankingnews.com)
Several equities research analysts have issued reports on OCIP shares. BidaskClub cut shares of OCI Partners from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. ValuEngine upgraded OCI Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Finally, Citigroup Inc. set a $7.00 price target on OCI Partners and gave the stock a “sell” rating in a report on Monday, August 14th.
OCI Partners (NYSE OCIP) opened at 8.20 on Monday. OCI Partners has a 12-month low of $4.95 and a 12-month high of $10.35. The stock’s 50 day moving average price is $8.42 and its 200 day moving average price is $8.92. The stock’s market cap is $713.38 million.
OCI Partners (NYSE:OCIP) last posted its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). The company had revenue of $73.97 million for the quarter. OCI Partners had a negative net margin of 5.60% and a negative return on equity of 10.52%. Analysts forecast that OCI Partners will post $0.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date was Wednesday, August 16th. OCI Partners’s payout ratio is currently -252.63%.
In other OCI Partners news, insider Nathaniel A. Gregory purchased 10,000 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were purchased at an average cost of $8.35 per share, with a total value of $83,500.00. Following the purchase, the insider now owns 10,000 shares in the company, valued at $83,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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About OCI Partners
OCI Partners LP owns and operates an integrated methanol and ammonia production facility that is located on the Texas Gulf Coast near Beaumont. The Company has an annual methanol production capacity of approximately 912,500 metric tons and an annual ammonia production capacity of approximately 331,000 metric tons.
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