Orion Engineered Carbons (OEC) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Orion Engineered Carbons (NYSE:OEC) from a sell rating to a hold rating in a research note released on Friday.

According to Zacks, “Orion Engineered Carbons S.A. operates as a supplier of Carbon Black. It offers products for Coatings, Printing Inks, Polymers, Rubber and other applications. Orion operates in two segments: Specialty Carbon Black and Rubber Carbon Black. The Company’s Gas Blacks, Furnace Blacks and Specialty Carbon Blacks tint, colorize and enhance the performance of plastics, paints and coatings, inks and toners, adhesives and sealants, tires, and manufactured rubber goods such as automotive belts and hoses. Orion Engineered Carbons S.A. is headquartered in Luxembourg. “

Several other research firms also recently commented on OEC. ValuEngine downgraded shares of Orion Engineered Carbons from a sell rating to a strong sell rating in a report on Friday, December 7th. UBS Group raised shares of Orion Engineered Carbons from a neutral rating to a buy rating and set a $34.00 price objective on the stock in a report on Tuesday, November 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $34.67.



Shares of NYSE:OEC opened at $26.04 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 4.48. The stock has a market capitalization of $1.55 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.05 and a beta of 0.97. Orion Engineered Carbons has a fifty-two week low of $23.12 and a fifty-two week high of $36.55.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OEC. Renaissance Group LLC lifted its holdings in shares of Orion Engineered Carbons by 2.1% in the fourth quarter. Renaissance Group LLC now owns 24,445 shares of the specialty chemicals company’s stock worth $618,000 after buying an additional 508 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Orion Engineered Carbons by 2.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 28,900 shares of the specialty chemicals company’s stock worth $731,000 after buying an additional 750 shares in the last quarter. Norman Fields Gottscho Capital Management LLC lifted its holdings in shares of Orion Engineered Carbons by 9.7% in the fourth quarter. Norman Fields Gottscho Capital Management LLC now owns 13,850 shares of the specialty chemicals company’s stock worth $350,000 after buying an additional 1,225 shares in the last quarter. Sapphire Star Partners LP purchased a new stake in shares of Orion Engineered Carbons in the third quarter worth about $101,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Orion Engineered Carbons in the third quarter worth about $107,000. 88.89% of the stock is currently owned by institutional investors and hedge funds.

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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