Orion Engineered Carbons S.A (OEC) to Post Q3 2017 Earnings of $0.44 Per Share, Northcoast Research Forecasts

Orion Engineered Carbons S.A (NYSE:OEC) – Analysts at Northcoast Research raised their Q3 2017 earnings per share (EPS) estimates for shares of Orion Engineered Carbons S.A in a note issued to investors on Tuesday. Northcoast Research analyst K. Hocevar now expects that the specialty chemicals company will post earnings of $0.44 per share for the quarter, up from their prior estimate of $0.41.

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OEC has been the topic of a number of other research reports. Zacks Investment Research raised Orion Engineered Carbons S.A from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) started coverage on Orion Engineered Carbons S.A in a research note on Thursday, May 11th. They set a “neutral” rating and a $21.00 price objective on the stock. BidaskClub raised Orion Engineered Carbons S.A from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. ValuEngine lowered Orion Engineered Carbons S.A from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, TheStreet upgraded 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 four have issued a buy rating to the stock. Orion Engineered Carbons S.A presently has an average rating of “Buy” and an average price target of $22.60.

Shares of Orion Engineered Carbons S.A (OEC) opened at 20.25 on Wednesday. Orion Engineered Carbons S.A has a one year low of $16.95 and a one year high of $24.55. The stock’s 50 day moving average price is $20.87 and its 200 day moving average price is $20.09. The stock has a market capitalization of $1.20 billion, a PE ratio of 22.30 and a beta of 0.51.

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in Orion Engineered Carbons S.A during the first quarter worth approximately $361,000. Laurion Capital Management LP acquired a new stake in Orion Engineered Carbons S.A during the first quarter worth approximately $8,200,000. Palisade Capital Management LLC NJ acquired a new stake in Orion Engineered Carbons S.A during the first quarter worth approximately $564,000. Morgan Stanley increased its stake in Orion Engineered Carbons S.A by 151.4% in the first quarter. Morgan Stanley now owns 517,688 shares of the specialty chemicals company’s stock worth $10,613,000 after buying an additional 311,734 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Orion Engineered Carbons S.A by 29.3% in the first quarter. Victory Capital Management Inc. now owns 2,186,017 shares of the specialty chemicals company’s stock worth $44,813,000 after buying an additional 494,753 shares in the last quarter. Institutional investors own 39.11% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th will be given a $0.169 dividend. The ex-dividend date is Tuesday, September 19th. This represents a $0.68 dividend on an annualized basis and a yield of 3.34%. Orion Engineered Carbons S.A’s dividend payout ratio is currently 88.24%.

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.

Earnings History and Estimates for Orion Engineered Carbons S.A (NYSE:OEC)

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