Orion Engineered Carbons (NYSE:OEC) Rating Lowered to Sell at ValuEngine

ValuEngine cut shares of Orion Engineered Carbons (NYSE:OEC) from a hold rating to a sell rating in a research report sent to investors on Monday, ValuEngine reports.

Other equities research analysts have also recently issued reports about the company. UBS Group decreased their price objective on Orion Engineered Carbons from $26.00 to $21.00 and set a buy rating for the company in a research note on Thursday, October 10th. Zacks Investment Research raised Orion Engineered Carbons from a sell rating to a hold rating in a research note on Wednesday, October 16th. TheStreet cut Orion Engineered Carbons from a b- rating to a c+ rating in a research note on Tuesday, August 6th. Finally, Loop Capital cut Orion Engineered Carbons from a buy rating to a hold rating and decreased their price objective for the stock from $29.00 to $17.00 in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Orion Engineered Carbons presently has a consensus rating of Hold and an average target price of $20.75.

Shares of OEC stock traded up $0.06 on Monday, reaching $19.57. 162,949 shares of the stock were exchanged, compared to its average volume of 485,233. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.83 and a quick ratio of 1.24. Orion Engineered Carbons has a one year low of $12.10 and a one year high of $28.51. The stock has a 50 day moving average price of $16.82 and a 200 day moving average price of $17.60. The stock has a market cap of $1.16 billion, a PE ratio of 8.86, a P/E/G ratio of 1.07 and a beta of 1.32.

Orion Engineered Carbons (NYSE:OEC) last announced its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Orion Engineered Carbons had a return on equity of 68.78% and a net margin of 5.74%. The business had revenue of $370.20 million during the quarter, compared to analysts’ expectations of $405.34 million. On average, research analysts expect that Orion Engineered Carbons will post 1.82 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.80 dividend on an annualized basis and a yield of 4.09%. Orion Engineered Carbons’s payout ratio is 36.20%.

A number of large investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its stake in Orion Engineered Carbons by 1.8% in the second quarter. Victory Capital Management Inc. now owns 4,915,631 shares of the specialty chemicals company’s stock valued at $105,244,000 after acquiring an additional 85,303 shares during the period. Renaissance Technologies LLC grew its stake in Orion Engineered Carbons by 2.1% in the second quarter. Renaissance Technologies LLC now owns 4,438,196 shares of the specialty chemicals company’s stock valued at $95,022,000 after acquiring an additional 90,000 shares during the period. BlackRock Inc. grew its stake in Orion Engineered Carbons by 136,236.1% in the second quarter. BlackRock Inc. now owns 2,789,437 shares of the specialty chemicals company’s stock valued at $59,722,000 after acquiring an additional 2,787,391 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Orion Engineered Carbons by 4.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,231,233 shares of the specialty chemicals company’s stock valued at $26,361,000 after acquiring an additional 57,563 shares during the period. Finally, Investment Counselors of Maryland LLC grew its stake in Orion Engineered Carbons by 43.4% in the second quarter. Investment Counselors of Maryland LLC now owns 1,150,476 shares of the specialty chemicals company’s stock valued at $24,632,000 after acquiring an additional 347,956 shares during the period. 95.30% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Orion Engineered Carbons (NYSE:OEC)

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