Orion Engineered Carbons SA (NYSE:OEC) has been given an average rating of “Buy” by the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $32.83.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Orion Engineered Carbons from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Friday, July 13th. Loop Capital initiated coverage on shares of Orion Engineered Carbons in a report on Wednesday, October 3rd. They set a “buy” rating and a $40.00 price objective on the stock. ValuEngine downgraded shares of Orion Engineered Carbons from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Finally, Northcoast Research restated a “buy” rating and set a $40.00 price objective on shares of Orion Engineered Carbons in a report on Tuesday, August 7th.
Shares of OEC opened at $26.12 on Thursday. The firm has a market capitalization of $1.56 billion, a P/E ratio of 12.80 and a beta of 0.83. Orion Engineered Carbons has a one year low of $22.25 and a one year high of $36.55. The company has a current ratio of 2.01, a quick ratio of 1.40 and a debt-to-equity ratio of 5.08.
Orion Engineered Carbons (NYSE:OEC) last announced its earnings results on Thursday, August 2nd. The specialty chemicals company reported $0.69 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. On average, research analysts expect that Orion Engineered Carbons will post 2.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Tuesday, December 18th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, December 17th. This represents a $0.80 annualized dividend and a dividend yield of 3.06%. Orion Engineered Carbons’s payout ratio is 49.08%.
Several large investors have recently bought and sold shares of the company. Engineers Gate Manager LP increased its holdings in shares of Orion Engineered Carbons by 5.4% during the 2nd quarter. Engineers Gate Manager LP now owns 50,874 shares of the specialty chemicals company’s stock worth $1,569,000 after purchasing an additional 2,609 shares during the period. A.R.T. Advisors LLC increased its holdings in shares of Orion Engineered Carbons by 6.1% during the 1st quarter. A.R.T. Advisors LLC now owns 48,800 shares of the specialty chemicals company’s stock worth $1,322,000 after purchasing an additional 2,800 shares during the period. Advisors Asset Management Inc. increased its stake in Orion Engineered Carbons by 8.6% in the second quarter. Advisors Asset Management Inc. now owns 64,467 shares of the specialty chemicals company’s stock valued at $1,989,000 after acquiring an additional 5,096 shares during the period. Oppenheimer & Co. Inc. increased its stake in Orion Engineered Carbons by 28.0% in the second quarter. Oppenheimer & Co. Inc. now owns 28,150 shares of the specialty chemicals company’s stock valued at $868,000 after acquiring an additional 6,150 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Orion Engineered Carbons in the second quarter valued at about $230,000. Institutional investors own 91.27% of the company’s stock.
Orion Engineered Carbons Company Profile
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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