Analysts Set Orion Engineered Carbons S.A (OEC) Target Price at $22.60

Orion Engineered Carbons S.A (NYSE:OEC) has earned an average rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $22.60.

A number of research firms recently weighed in on OEC. BidaskClub downgraded shares of Orion Engineered Carbons S.A from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. TheStreet raised shares of Orion Engineered Carbons S.A from a “c” rating to a “b-” rating in a research note on Monday, July 24th. J P Morgan Chase & Co downgraded shares of Orion Engineered Carbons S.A from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $23.00 in a research note on Monday, August 7th. Goldman Sachs Group, Inc. (The) upgraded shares of Orion Engineered Carbons S.A from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Friday, July 14th. Finally, Zacks Investment Research upgraded shares of Orion Engineered Carbons S.A from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, July 11th.

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A number of hedge funds and other institutional investors have recently modified their holdings of OEC. Parametric Portfolio Associates LLC acquired a new position in Orion Engineered Carbons S.A during the first quarter valued at approximately $219,000. Northern Trust Corp grew its holdings in Orion Engineered Carbons S.A by 15.7% during the second quarter. Northern Trust Corp now owns 11,721 shares of the specialty chemicals company’s stock valued at $234,000 after purchasing an additional 1,594 shares during the period. Nine Chapters Capital Management LLC acquired a new position in Orion Engineered Carbons S.A during the first quarter valued at approximately $250,000. Sensato Investors LLC acquired a new position in Orion Engineered Carbons S.A during the second quarter valued at approximately $295,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Orion Engineered Carbons S.A during the second quarter valued at approximately $296,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.

Orion Engineered Carbons S.A (NYSE OEC) traded down 0.23% during trading on Wednesday, reaching $21.45. 252,577 shares of the company were exchanged. Orion Engineered Carbons S.A has a 52-week low of $17.15 and a 52-week high of $24.55. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 22.94 and a beta of 0.51. The firm has a 50-day moving average of $21.06 and a 200-day moving average of $20.15.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 20th will be issued a dividend of $0.169 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, September 19th. Orion Engineered Carbons S.A’s dividend payout ratio is currently 88.24%.

Orion Engineered Carbons S.A 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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