Orion Engineered Carbons SA (OEC) to Issue Quarterly Dividend of $0.19 on September 29th
Orion Engineered Carbons SA (NYSE:OEC) declared a quarterly dividend on Monday, September 12th. Stockholders of record on Thursday, September 22nd will be paid a dividend of 0.1893 per share on Thursday, September 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Tuesday, September 20th. This is a positive change from Orion Engineered Carbons SA’s previous quarterly dividend of $0.19.
Orion Engineered Carbons SA (NYSE:OEC) opened at 18.05 on Monday. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 21.96 and a beta of 0.56. Orion Engineered Carbons SA has a one year low of $9.69 and a one year high of $18.75. The firm’s 50-day moving average is $17.63 and its 200 day moving average is $15.60.
Orion Engineered Carbons SA (NYSE:OEC) last released its earnings results on Thursday, August 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. Orion Engineered Carbons SA had a return on equity of 135.26% and a net margin of 4.22%. The firm had revenue of $247.89 million for the quarter, compared to analysts’ expectations of $254.85 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. The business’s revenue for the quarter was down 12.2% on a year-over-year basis. Analysts forecast that Orion Engineered Carbons SA will post $1.39 EPS for the current fiscal year.
A hedge fund recently bought a new stake in Orion Engineered Carbons SA stock. Westfield Capital Management Co. LP bought a new position in shares of Orion Engineered Carbons SA (NYSE:OEC) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 214,595 shares of the company’s stock, valued at approximately $3,410,000. Westfield Capital Management Co. LP owned about 0.36% of Orion Engineered Carbons SA at the end of the most recent quarter. 29.20% of the stock is owned by institutional investors.
OEC has been the topic of a number of research reports. TheStreet raised shares of Orion Engineered Carbons SA from a “sell” rating to a “hold” rating in a research note on Tuesday, May 31st. BB&T Corp. began coverage on shares of Orion Engineered Carbons SA in a report on Friday, June 10th. They set a “buy” rating and a $24.00 price target for the company. Zacks Investment Research raised shares of Orion Engineered Carbons SA from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Wednesday, July 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of Orion Engineered Carbons SA from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, August 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Orion Engineered Carbons SA has a consensus rating of “Hold” and a consensus price target of $18.60.
About Orion Engineered Carbons SA
Orion Engineered Carbons SA is a producer of carbon black. The Company conducts its operations through two segments: the Specialty Carbon Black segment and the Rubber Carbon Black segment. The Specialty Carbon Black segment is engaged in the production of specialty black carbon. The Rubber Carbon Black segment is involved in the production of rubber carbon black.
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