Analysts Set Orion Engineered Carbons SA (OEC) Target Price at $25.00

Orion Engineered Carbons SA (NYSE:OEC) has earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $25.00.

OEC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised Orion Engineered Carbons from a “neutral” rating to an “overweight” rating and set a $29.00 target price on the stock in a report on Monday, November 6th. UBS Group lifted their target price on Orion Engineered Carbons from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. KeyCorp lifted their target price on Orion Engineered Carbons from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, October 16th. Zacks Investment Research lowered Orion Engineered Carbons from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Barclays lifted their target price on Orion Engineered Carbons from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 7th.

Shares of Orion Engineered Carbons (OEC) traded up $0.30 during midday trading on Friday, hitting $24.75. 291,900 shares of the company were exchanged, compared to its average volume of 336,872. The company has a market capitalization of $1,470.00, a PE ratio of 19.64 and a beta of 0.54. Orion Engineered Carbons has a fifty-two week low of $17.15 and a fifty-two week high of $25.45. The company has a current ratio of 2.08, a quick ratio of 1.47 and a debt-to-equity ratio of 8.95.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Friday, December 22nd will be paid a $0.169 dividend. The ex-dividend date is Thursday, December 21st. This represents a $0.68 dividend on an annualized basis and a yield of 2.73%. Orion Engineered Carbons’s dividend payout ratio is currently 63.49%.

A number of institutional investors and hedge funds have recently modified their holdings of OEC. Susquehanna International Group LLP grew its stake in Orion Engineered Carbons by 138.2% during the 3rd quarter. Susquehanna International Group LLP now owns 77,400 shares of the specialty chemicals company’s stock valued at $1,738,000 after acquiring an additional 44,900 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Orion Engineered Carbons during the 3rd quarter valued at about $354,000. Kalos Management Inc. acquired a new stake in shares of Orion Engineered Carbons during the 3rd quarter valued at about $2,198,000. Zions Bancorporation acquired a new stake in shares of Orion Engineered Carbons during the 3rd quarter valued at about $113,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Orion Engineered Carbons during the 3rd quarter valued at about $257,000. 54.56% of the stock is currently owned by hedge funds and other institutional investors.

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Orion Engineered Carbons Company Profile

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.

Analyst Recommendations for Orion Engineered Carbons (NYSE:OEC)

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