Somewhat Positive News Coverage Somewhat Unlikely to Impact OCI Partners (OCIP) Stock Price

News coverage about OCI Partners (NYSE:OCIP) has trended somewhat positive on Sunday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. OCI Partners earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 45.800848326045 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

OCI Partners (NYSE:OCIP) remained flat at $$7.25 during trading on Friday. 3,030 shares of the company traded hands, compared to its average volume of 13,556. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.60 and a current ratio of 0.78. OCI Partners has a 52 week low of $6.50 and a 52 week high of $10.35.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Thursday, November 16th. OCI Partners’s dividend payout ratio is presently -457.08%.

OCIP has been the subject of several research analyst reports. BidaskClub raised shares of OCI Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Citigroup 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 raised shares of OCI Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th.

In other OCI Partners news, Director Nassef Sawiris acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were bought at an average cost of $7.12 per share, with a total value of $35,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nathaniel A. Gregory acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were acquired at an average cost of $8.35 per share, for a total transaction of $83,500.00. Following the completion of the acquisition, the insider now owns 10,000 shares of the company’s stock, valued at $83,500. The disclosure for this purchase can be found here. Insiders have bought 26,200 shares of company stock valued at $199,292 in the last ninety days.

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OCI Partners Company Profile

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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