Shares of OCI Partners LP (NYSE:OCIP) have earned an average broker rating score of 5.00 (Strong Sell) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation.
Brokers have set a 12-month consensus price objective of $7.50 for the company, according to Zacks. Zacks has also given OCI Partners an industry rank of 48 out of 265 based on the ratings given to related companies.
A number of equities analysts have weighed in on the stock. Citigroup raised shares of OCI Partners from a “sell” rating to a “neutral” rating in a research note on Friday. BidaskClub downgraded shares of OCI Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, September 15th.
In other OCI Partners news, insider Nassef Sawiris bought 11,200 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were acquired at an average price of $7.16 per share, with a total value of $80,192.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ocip Holding Llc bought 7,276,549 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was acquired at an average cost of $8.40 per share, for a total transaction of $61,123,011.60. Following the purchase, the director now owns 76,774,139 shares in the company, valued at approximately $644,902,767.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 7,292,749 shares of company stock worth $61,238,804.
Several hedge funds have recently modified their holdings of the company. Bard Associates Inc. raised its stake in shares of OCI Partners by 1.0% in the 2nd quarter. Bard Associates Inc. now owns 144,400 shares of the basic materials company’s stock valued at $1,278,000 after acquiring an additional 1,500 shares during the period. Citadel Advisors LLC purchased a new position in shares of OCI Partners in the 3rd quarter valued at $269,000. Finally, Cowen Inc. raised its stake in shares of OCI Partners by 27.2% in the 3rd quarter. Cowen Inc. now owns 265,105 shares of the basic materials company’s stock valued at $2,121,000 after acquiring an additional 56,685 shares during the period. 15.04% of the stock is currently owned by institutional investors and hedge funds.
OCI Partners (NYSE:OCIP) traded down $0.05 during trading hours on Friday, reaching $8.60. 57,062 shares of the company’s stock were exchanged, compared to its average volume of 280,654. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.60 and a current ratio of 0.78. The stock has a market capitalization of $752.53, a P/E ratio of -122.84 and a beta of 1.29. OCI Partners has a 12 month low of $6.76 and a 12 month high of $10.35.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Thursday, November 16th. OCI Partners’s dividend payout ratio is currently -457.08%.
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OCI Partners Company Profile
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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