Orion Engineered Carbons SA (NYSE:OEC) Receives $20.50 Consensus Target Price from Analysts

Shares of Orion Engineered Carbons SA (NYSE:OEC) have earned a consensus rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $20.50.

Several research analysts recently weighed in on the company. UBS Group lowered their price objective on Orion Engineered Carbons from $26.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. ValuEngine downgraded Orion Engineered Carbons from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Finally, Zacks Investment Research downgraded Orion Engineered Carbons from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th.

Shares of Orion Engineered Carbons stock traded up $0.01 during mid-day trading on Friday, hitting $19.31. The stock had a trading volume of 1,645 shares, compared to its average volume of 302,985. The firm has a 50-day moving average of $19.11 and a two-hundred day moving average of $17.40. Orion Engineered Carbons has a 12-month low of $12.10 and a 12-month high of $28.51. The company has a quick ratio of 1.24, a current ratio of 1.83 and a debt-to-equity ratio of 3.52. The firm has a market cap of $1.12 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 1.05 and a beta of 1.33.

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

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

A number of hedge funds have recently bought and sold shares of the business. Sciencast Management LP acquired a new stake in shares of Orion Engineered Carbons in the 4th quarter valued at $244,000. AE Wealth Management LLC purchased a new stake in Orion Engineered Carbons during the fourth quarter worth approximately $774,000. Skyline Asset Management LP lifted its stake in Orion Engineered Carbons by 10.7% during the fourth quarter. Skyline Asset Management LP now owns 491,400 shares of the specialty chemicals company’s stock worth $9,484,000 after purchasing an additional 47,600 shares during the last quarter. CLARET ASSET MANAGEMENT Corp lifted its stake in Orion Engineered Carbons by 0.9% during the fourth quarter. CLARET ASSET MANAGEMENT Corp now owns 564,132 shares of the specialty chemicals company’s stock worth $10,888,000 after purchasing an additional 5,126 shares during the last quarter. Finally, Man Group plc lifted its stake in Orion Engineered Carbons by 7.3% during the third quarter. Man Group plc now owns 594,415 shares of the specialty chemicals company’s stock worth $9,933,000 after purchasing an additional 40,265 shares during the last quarter. 93.75% of the stock is currently owned by institutional investors.

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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