Headlines about OCI Partners (NYSE:OCIP) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. OCI Partners earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 45.6822783067295 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of analysts recently weighed in on the stock. BidaskClub upgraded shares of OCI Partners from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup Inc. set a $7.00 price target on shares of OCI Partners and gave the company a “sell” rating in a research note on Monday, August 14th. Finally, ValuEngine upgraded shares of OCI Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th.
Shares of OCI Partners (OCIP) remained flat at $8.35 during trading on Friday. 14,483 shares of the company were exchanged. The firm has a 50-day moving average price of $8.76 and a 200 day moving average price of $9.10. OCI Partners has a 52 week low of $4.95 and a 52 week high of $10.35. The company’s market cap is $726.42 million.
OCI Partners (NYSE:OCIP) last posted its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.14. OCI Partners had a negative return on equity of 10.52% and a negative net margin of 5.60%. The business had revenue of $73.97 million for the quarter. On average, equities research analysts expect that OCI Partners will post $0.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.48 annualized dividend and a yield of 5.75%. OCI Partners’s dividend payout ratio is presently -252.63%.
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About OCI Partners
OCI Partners LP owns and operates an integrated methanol and ammonia production facility that is located on the Texas Gulf Coast near Beaumont. The Company has an annual methanol production capacity of approximately 912,500 metric tons and an annual ammonia production capacity of approximately 331,000 metric tons.
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