OCI Partners (OCIP) Rating Increased to Neutral at Citigroup

OCI Partners (NYSE:OCIP) was upgraded by Citigroup from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Friday, January 5th, MarketBeat reports.

Separately, BidaskClub raised OCI Partners from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 11th.

Shares of OCI Partners (NYSE OCIP) remained flat at $$8.90 on Friday. The company’s stock had a trading volume of 43,813 shares, compared to its average volume of 16,423. The stock has a market capitalization of $774.28, a P/E ratio of -127.12 and a beta of 1.29. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.60 and a current ratio of 0.78. OCI Partners has a 12 month low of $6.76 and a 12 month high of $10.35.

OCI Partners (NYSE:OCIP) last released its quarterly earnings results on Monday, November 6th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter. OCI Partners had a negative return on equity of 3.70% and a negative net margin of 1.79%.

In related news, Director Nassef Sawiris bought 5,000 shares of OCI Partners stock in a transaction dated Wednesday, November 22nd. The stock was acquired at an average cost of $7.12 per share, with a total value of $35,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ocip Holding Llc bought 7,276,549 shares of OCI Partners stock in a transaction dated Tuesday, December 26th. The shares were bought at an average cost of $8.40 per share, with a total value of $61,123,011.60. Following the completion of the acquisition, the director now owns 76,774,139 shares of the company’s stock, valued at $644,902,767.60. The disclosure for this purchase can be found here. Insiders have purchased 7,292,749 shares of company stock valued at $61,238,804 in the last ninety days.

A number of institutional investors have recently made changes to their positions in the stock. Cowen Inc. lifted its stake in OCI Partners by 27.2% in the 3rd quarter. Cowen Inc. now owns 265,105 shares of the basic materials company’s stock worth $2,121,000 after acquiring an additional 56,685 shares in the last quarter. Citadel Advisors LLC purchased a new stake in OCI Partners in the 3rd quarter worth about $269,000. Finally, Bard Associates Inc. lifted its stake in OCI Partners by 1.0% in the 2nd quarter. Bard Associates Inc. now owns 144,400 shares of the basic materials company’s stock worth $1,278,000 after acquiring an additional 1,500 shares in the last quarter. 15.04% of the stock is owned by hedge funds and other institutional investors.

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About OCI Partners

OCI Partners LP owns and operates an integrated methanol and ammonia production facility that is located on the Texas Gulf Coast near Beaumont. The Company has an annual methanol production capacity of approximately 912,500 metric tons and an annual ammonia production capacity of approximately 331,000 metric tons.

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