Orion Engineered Carbons SA (NYSE:OEC) has earned an average recommendation of “Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $25.00.

A number of research analysts have weighed in on OEC shares. KeyCorp reissued a “buy” rating and issued a $24.00 target price on shares of Orion Engineered Carbons in a research note on Wednesday, October 4th. Barclays raised their target price on shares of Orion Engineered Carbons from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of Orion Engineered Carbons from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. UBS Group raised their target price on shares of Orion Engineered Carbons from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Finally, JPMorgan Chase & Co. raised shares of Orion Engineered Carbons from a “neutral” rating to an “overweight” rating and set a $29.00 target price on the stock in a research note on Monday, November 6th.

Orion Engineered Carbons (NYSE:OEC) traded up $0.60 during mid-day trading on Tuesday, reaching $28.25. The company had a trading volume of 636,029 shares, compared to its average volume of 619,292. The company has a current ratio of 2.08, a quick ratio of 1.47 and a debt-to-equity ratio of 8.95. Orion Engineered Carbons has a 12 month low of $17.15 and a 12 month high of $28.25. The firm has a market cap of $1,643.17, a PE ratio of 24.15 and a beta of 0.54.

Orion Engineered Carbons (NYSE:OEC) last posted its quarterly earnings data on Thursday, November 2nd. The specialty chemicals company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.03). Orion Engineered Carbons had a return on equity of 137.36% and a net margin of 5.50%. equities research analysts anticipate that Orion Engineered Carbons will post 1.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Friday, December 22nd were paid a $0.169 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Thursday, December 21st. Orion Engineered Carbons’s dividend payout ratio (DPR) is 68.38%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in shares of Orion Engineered Carbons by 35.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 74,020 shares of the specialty chemicals company’s stock valued at $1,477,000 after buying an additional 19,381 shares during the period. JPMorgan Chase & Co. raised its position in shares of Orion Engineered Carbons by 14.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 80,802 shares of the specialty chemicals company’s stock valued at $1,612,000 after buying an additional 10,364 shares during the period. LSV Asset Management purchased a new stake in shares of Orion Engineered Carbons during the 2nd quarter valued at approximately $700,000. PNC Financial Services Group Inc. raised its position in shares of Orion Engineered Carbons by 2.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 75,908 shares of the specialty chemicals company’s stock valued at $1,515,000 after buying an additional 1,492 shares during the period. Finally, GSA Capital Partners LLP raised its position in shares of Orion Engineered Carbons by 48.4% during the 2nd quarter. GSA Capital Partners LLP now owns 27,489 shares of the specialty chemicals company’s stock valued at $548,000 after buying an additional 8,970 shares during the period. 54.56% of the stock is currently owned by institutional investors and hedge funds.

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About Orion Engineered Carbons

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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