Orion Engineered Carbons S.A (NYSE:OEC)‘s stock had its “buy” rating reiterated by equities researchers at KeyCorp in a research note issued to investors on Wednesday. They currently have a $24.00 target price on the specialty chemicals company’s stock. KeyCorp’s target price suggests a potential upside of 4.12% from the company’s current price.

Other analysts also recently issued research reports about the stock. J P Morgan Chase & Co downgraded shares of Orion Engineered Carbons S.A from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $23.00 in a research note on Monday, August 7th. Berenberg Bank reaffirmed a “buy” rating and set a $26.00 target price on shares of Orion Engineered Carbons S.A in a research report on Friday, August 11th. Goldman Sachs Group, Inc. (The) raised shares of Orion Engineered Carbons S.A from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, July 14th. BidaskClub raised shares of Orion Engineered Carbons S.A from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Finally, TheStreet raised shares of Orion Engineered Carbons S.A from a “c” rating to a “b-” rating in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $22.83.

Orion Engineered Carbons S.A (OEC) traded up 0.542% on Wednesday, hitting $23.175. The stock had a trading volume of 106,010 shares. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 24.681 and a beta of 0.52. The company’s 50 day moving average price is $21.67 and its 200 day moving average price is $20.27. Orion Engineered Carbons S.A has a 52-week low of $17.15 and a 52-week high of $24.55.

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Hedge funds have recently modified their holdings of the stock. Parametric Portfolio Associates LLC purchased a new position in Orion Engineered Carbons S.A during the first quarter valued at approximately $219,000. Northern Trust Corp increased 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 buying an additional 1,594 shares during the period. Sensato Investors LLC purchased a new position in Orion Engineered Carbons S.A during the second quarter valued at approximately $295,000. Cubist Systematic Strategies LLC purchased a new position in Orion Engineered Carbons S.A during the second quarter valued at approximately $296,000. Finally, Sei Investments Co. purchased a new position in Orion Engineered Carbons S.A during the second quarter valued at approximately $305,000. 37.23% of the stock is currently owned by institutional investors.

About Orion Engineered Carbons S.A

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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