Orion Engineered Carbons (OEC) Reaches New 12-Month High and Low at $33.95

Shares of Orion Engineered Carbons SA (NYSE:OEC) hit a new 52-week high and low during trading on Thursday . The company traded as low as $33.95 and last traded at $33.60, with a volume of 22455 shares changing hands. The stock had previously closed at $33.15.

A number of analysts have commented on the stock. UBS Group reaffirmed a “neutral” rating and set a $29.00 price target (up previously from $23.00) on shares of Orion Engineered Carbons in a research report on Friday, February 23rd. Zacks Investment Research cut shares of Orion Engineered Carbons from a “buy” rating to a “hold” rating in a research report on Friday, May 25th. KeyCorp reaffirmed a “buy” rating and set a $33.00 price target (up previously from $29.00) on shares of Orion Engineered Carbons in a research report on Monday, February 26th. ValuEngine raised shares of Orion Engineered Carbons from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Orion Engineered Carbons from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, March 6th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus 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 stock has a market cap of $1.92 billion, a P/E ratio of 20.58 and a beta of 0.77.

Several hedge funds and other institutional investors have recently made changes to their positions in OEC. Macquarie Group Ltd. acquired a new position in shares of Orion Engineered Carbons during the fourth quarter valued at about $136,000. Quantbot Technologies LP acquired a new position in shares of Orion Engineered Carbons during the first quarter valued at about $189,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Orion Engineered Carbons during the first quarter valued at about $231,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Orion Engineered Carbons during the first quarter valued at about $232,000. Finally, Element Capital Management LLC acquired a new position in shares of Orion Engineered Carbons during the first quarter valued at about $233,000. Hedge funds and other institutional investors 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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