Orion Engineered Carbons SA (OEC) To Go Ex-Dividend on December 17th

Orion Engineered Carbons SA (NYSE:OEC) declared a quarterly dividend on Thursday, September 26th, Zacks reports. Shareholders of record on Wednesday, December 18th will be given a dividend of 0.20 per share by the specialty chemicals company on Monday, December 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Tuesday, December 17th.

OEC stock traded down $0.30 during midday trading on Friday, reaching $20.04. The company had a trading volume of 388,405 shares, compared to its average volume of 267,711. 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 1 year low of $12.10 and a 1 year high of $28.51. The company has a market capitalization of $1.21 billion, a P/E ratio of 9.07, a P/E/G ratio of 1.12 and a beta of 1.32. The firm has a 50-day moving average price of $18.39 and a 200-day moving average price of $17.40.

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

A number of research firms have commented on OEC. ValuEngine cut shares of Orion Engineered Carbons from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Zacks Investment Research cut shares of Orion Engineered Carbons from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Finally, UBS Group cut their price target on shares of 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Orion Engineered Carbons currently has a consensus rating of “Hold” and an average target price of $20.50.

In other news, insider Stinson Terry 1,672,621 shares of the business’s stock in a transaction that occurred on Monday, November 18th.

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.

Further Reading: Cost of Equity For A Business, Investors

Dividend History for Orion Engineered Carbons (NYSE:OEC)

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