News articles about Orion Engineered Carbons (NYSE:OEC) have trended somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Orion Engineered Carbons earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the specialty chemicals company an impact score of 45.8584004376262 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Orion Engineered Carbons stock traded down $0.10 during trading hours on Friday, reaching $33.15. 1,791 shares of the stock were exchanged, compared to its average volume of 402,253. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 20.37 and a beta of 0.82. The company has a quick ratio of 1.40, a current ratio of 2.01 and a debt-to-equity ratio of 5.08. Orion Engineered Carbons has a twelve month low of $21.10 and a twelve month high of $36.55.
Orion Engineered Carbons (NYSE:OEC) last announced its quarterly earnings data on Thursday, August 2nd. The specialty chemicals company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.17. The firm had revenue of $391.60 million for the quarter, compared to the consensus estimate of $342.90 million. Orion Engineered Carbons had a net margin of 7.95% and a return on equity of 132.30%. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. sell-side analysts expect that Orion Engineered Carbons will post 2.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, September 20th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.41%. Orion Engineered Carbons’s dividend payout ratio (DPR) is currently 49.08%.
OEC has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Orion Engineered Carbons from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Northcoast Research reiterated a “buy” rating and set a $40.00 price objective on shares of Orion Engineered Carbons in a research note on Tuesday, August 7th. Finally, ValuEngine upgraded shares of Orion Engineered Carbons from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $32.00.
About Orion Engineered Carbons
Orion Engineered Carbons SA, together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates through two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications.
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