Orion Engineered Carbons (NYSE:OEC) will be releasing its earnings data after the market closes on Thursday, February 22nd. Analysts expect Orion Engineered Carbons to post earnings of $0.42 per share for the quarter.
Orion Engineered Carbons (OEC) opened at $28.45 on Wednesday. The company has a market capitalization of $1,690.00, a PE ratio of 21.72 and a beta of 0.68. Orion Engineered Carbons has a twelve month low of $17.15 and a twelve month high of $30.25. The company has a current ratio of 2.08, a quick ratio of 1.47 and a debt-to-equity ratio of 8.95.
Several brokerages have commented on OEC. Barclays lifted their target price on Orion Engineered Carbons from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 7th. Zacks Investment Research raised Orion Engineered Carbons from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. KeyCorp reaffirmed a “buy” rating and set a $26.00 target price on shares of Orion Engineered Carbons in a report on Friday, November 3rd. JPMorgan Chase & Co. raised Orion Engineered Carbons from a “neutral” rating to an “overweight” rating and set a $29.00 target price on the stock in a report on Monday, November 6th. Finally, UBS Group lifted their target price on Orion Engineered Carbons from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $24.71.
An institutional investor recently raised its position in Orion Engineered Carbons stock. Northern Trust Corp grew its holdings in Orion Engineered Carbons SA (NYSE:OEC) by 15.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,721 shares of the specialty chemicals company’s stock after purchasing an additional 1,594 shares during the quarter. Northern Trust Corp’s holdings in Orion Engineered Carbons were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 68.24% of the company’s stock.
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Orion Engineered Carbons Company Profile
Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.
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