Orion Engineered Carbons (NYSE:OEC) was up 2% during mid-day trading on Thursday . The company traded as high as $31.95 and last traded at $31.40. Approximately 15,455 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 429,163 shares. The stock had previously closed at $32.05.
A number of equities research analysts have issued reports on OEC shares. Northcoast Research set a $35.00 target price on shares of Orion Engineered Carbons and gave the stock a “buy” rating in a research report on Monday, February 26th. Zacks Investment Research downgraded shares of Orion Engineered Carbons from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. ValuEngine downgraded shares of Orion Engineered Carbons from a “buy” rating to a “hold” rating in a research report on Saturday, May 26th. JPMorgan Chase & Co. increased their target price on shares of Orion Engineered Carbons from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 6th. Finally, KeyCorp reiterated a “buy” rating and issued a $33.00 target price (up previously from $29.00) on shares of Orion Engineered Carbons in a research report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $28.75.
The company has a debt-to-equity ratio of 6.75, a quick ratio of 1.34 and a current ratio of 1.89. The company has a market cap of $1.80 billion, a PE ratio of 19.31 and a beta of 0.77.
A number of large investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC grew its stake in Orion Engineered Carbons by 6.1% in the 1st quarter. A.R.T. Advisors LLC now owns 48,800 shares of the specialty chemicals company’s stock valued at $1,322,000 after buying an additional 2,800 shares during the last quarter. First Mercantile Trust Co. lifted its position in Orion Engineered Carbons by 24.5% during the fourth quarter. First Mercantile Trust Co. now owns 16,540 shares of the specialty chemicals company’s stock worth $423,000 after purchasing an additional 3,260 shares during the period. Cetera Advisors LLC lifted its position in Orion Engineered Carbons by 33.6% during the first quarter. Cetera Advisors LLC now owns 19,900 shares of the specialty chemicals company’s stock worth $540,000 after purchasing an additional 5,000 shares during the period. Macquarie Group Ltd. bought a new stake in Orion Engineered Carbons during the fourth quarter worth about $136,000. Finally, Quantbot Technologies LP bought a new stake in Orion Engineered Carbons during the first quarter worth about $189,000. Institutional investors and hedge funds own 90.94% of the company’s stock.
About Orion Engineered Carbons
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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