UBS Group Cuts Orion Engineered Carbons (NYSE:OEC) Price Target to $21.00

Orion Engineered Carbons (NYSE:OEC) had its target price cut by investment analysts at UBS Group from $26.00 to $21.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. UBS Group’s price target would suggest a potential upside of 29.55% from the stock’s current price.

A number of other analysts have also issued reports on the company. Zacks Investment Research upgraded Orion Engineered Carbons from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded Orion Engineered Carbons from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. TheStreet lowered Orion Engineered Carbons from a “b-” rating to a “c+” rating in a research note on Tuesday, August 6th. Finally, Loop Capital lowered Orion Engineered Carbons from a “buy” rating to a “hold” rating and decreased their price objective for the company from $29.00 to $17.00 in a research note on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Orion Engineered Carbons currently has a consensus rating of “Hold” and a consensus price target of $22.60.

Shares of NYSE OEC traded up $0.08 during trading on Thursday, reaching $16.21. 22,658 shares of the stock traded hands, compared to its average volume of 334,244. Orion Engineered Carbons has a 52-week low of $12.10 and a 52-week high of $29.13. The company has a debt-to-equity ratio of 3.81, a current ratio of 1.77 and a quick ratio of 1.23. The company has a 50-day moving average of $15.29 and a 200-day moving average of $17.99. The stock has a market capitalization of $955.87 million, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 0.88 and a beta of 1.29.



Orion Engineered Carbons (NYSE:OEC) last released its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Orion Engineered Carbons had a net margin of 5.64% and a return on equity of 71.44%. The company had revenue of $399.02 million for the quarter, compared to the consensus estimate of $391.68 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts expect that Orion Engineered Carbons will post 1.82 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in OEC. BNP Paribas Arbitrage SA bought a new position in Orion Engineered Carbons in the 2nd quarter worth about $28,000. Quantamental Technologies LLC increased its stake in Orion Engineered Carbons by 130.9% in the 2nd quarter. Quantamental Technologies LLC now owns 5,079 shares of the specialty chemicals company’s stock worth $109,000 after acquiring an additional 2,879 shares during the last quarter. Bank of Montreal Can increased its stake in Orion Engineered Carbons by 255.7% in the 2nd quarter. Bank of Montreal Can now owns 6,918 shares of the specialty chemicals company’s stock worth $148,000 after acquiring an additional 4,973 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Orion Engineered Carbons in the 2nd quarter worth about $184,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Orion Engineered Carbons in the 2nd quarter worth about $203,000. Institutional investors own 96.66% 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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Analyst Recommendations for Orion Engineered Carbons (NYSE:OEC)

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