Shares of Orion Engineered Carbons SA (NYSE:OEC) have been assigned an average recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $23.75.

A number of brokerages have commented on OEC. TheStreet cut shares of Orion Engineered Carbons from a “b-” rating to a “c+” rating in a report on Tuesday, August 6th. Barclays set a $24.00 target price on shares of Orion Engineered Carbons and gave the company a “hold” rating in a report on Friday, May 3rd. Loop Capital cut shares of Orion Engineered Carbons from a “buy” rating to a “hold” rating and reduced their target price for the company from $29.00 to $17.00 in a report on Monday, August 5th. Finally, Zacks Investment Research cut shares of Orion Engineered Carbons from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th.

OEC stock traded down $0.07 during midday trading on Wednesday, reaching $13.16. 345,900 shares of the company’s stock traded hands, compared to its average volume of 532,635. Orion Engineered Carbons has a 52-week low of $12.10 and a 52-week high of $36.25. The stock has a market cap of $761.24 million, a P/E ratio of 5.95, a PEG ratio of 0.70 and a beta of 1.13. The company has a current ratio of 1.77, a quick ratio of 1.23 and a debt-to-equity ratio of 3.81. The stock’s 50-day moving average is $16.98 and its 200 day moving average is $20.38.

Orion Engineered Carbons (NYSE:OEC) last announced its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Orion Engineered Carbons had a net margin of 5.64% and a return on equity of 71.44%. The business had revenue of $399.02 million for the quarter, compared to analysts’ expectations of $391.68 million. During the same period in the prior year, the company posted $0.69 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, research analysts expect that Orion Engineered Carbons will post 1.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.08%. Orion Engineered Carbons’s payout ratio is currently 36.20%.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Group LLC boosted its position in shares of Orion Engineered Carbons by 2.2% in the first quarter. Renaissance Group LLC now owns 24,973 shares of the specialty chemicals company’s stock worth $474,000 after purchasing an additional 528 shares during the period. Zeke Capital Advisors LLC boosted its position in shares of Orion Engineered Carbons by 5.1% in the second quarter. Zeke Capital Advisors LLC now owns 17,734 shares of the specialty chemicals company’s stock worth $380,000 after purchasing an additional 867 shares during the period. Mraz Amerine & Associates Inc. boosted its position in shares of Orion Engineered Carbons by 6.6% in the second quarter. Mraz Amerine & Associates Inc. now owns 16,080 shares of the specialty chemicals company’s stock worth $344,000 after purchasing an additional 1,000 shares during the period. BNP Paribas Arbitrage SA bought a new position in shares of Orion Engineered Carbons in the second quarter worth approximately $28,000. Finally, First Mercantile Trust Co. boosted its position in shares of Orion Engineered Carbons by 9.4% in the first quarter. First Mercantile Trust Co. now owns 18,479 shares of the specialty chemicals company’s stock worth $351,000 after purchasing an additional 1,590 shares during the period. Institutional investors and hedge funds own 96.59% of the company’s stock.

Orion Engineered Carbons Company Profile

Orion Engineered Carbons SA, together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates through two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications.

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Analyst Recommendations for Orion Engineered Carbons (NYSE:OEC)

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