Orion Engineered Carbons SA (NYSE:OEC) Lowered to "Buy" at BidaskClub

BidaskClub downgraded shares of Orion Engineered Carbons S.A (NYSE:OEC) from a strong-buy rating to a buy rating in a report published on Tuesday, July 25th. J P Morgan Chase & Co downgraded shares of Orion Engineered Carbons S.A from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $25.00 to $23.00 in a research report on Monday, August 7th. UBS AG restated a neutral rating and set a $20.00 price objective (down previously from $21.00) on shares of Orion Engineered Carbons S.A in a research note on Friday, May 5th. Sit Investment Associates Inc. owned about 0.09% of Orion Engineered Carbons S.A worth $1,105,000 at the end of the most recent reporting period. (The) upgraded Orion Engineered Carbons S.A from a "neutral" rating to a "buy" rating and set a $21.00 target price on the stock in a report on Friday, July 14th. The stock of Orion Engineered Carbons SA (NYSE:OEC) has "Overweight" rating given on Monday, August 15 by JP Morgan. Orion Engineered Carbons S.A earned a news impact score of 0.17 on Accern's scale. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $22.60.

Sit Investment Associates Inc. raised its stake in Orion Engineered Carbons S.A (NYSE:OEC) by 3.7% during the second quarter, according to its most recent Form 13F filing with the SEC. Shares saw a steep increase in trading volume of 253.99% over the normal average daily volume. OxFORD Asset Management LLP increased its stake in Orion Engineered Carbons S.A by 29.4% in the second quarter. The firm has a market cap of $1.20 billion, a P/E ratio of 21.83 and a beta of 0.51.

It is now trading at $20.15 which is marginally lower than the 50 day moving average which is $21.04 and which is just over the 200 day moving average of $20.10.

"Orion Engineered Carbons S.A (NYSE:OEC) Forecasted to Post FY2017 Earnings of $1.86 Per Share" was published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & global copyright law. The original version of this report can be accessed at https://www.com-unik.info/2017/08/12/orion-engineered-carbons-s-a-nyseoec-forecasted-to-post-fy2017-earnings-of-1-86-per-share.html.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 20th will be paid a dividend of $0.169 per share. The dividend will be $0.193 per share for the quarter or $0.77 annualized. The ex-dividend date will be on Thursday the 1st of June 2017.

Several large investors have recently modified their holdings of the company. Keybank National Association OH now owns 59,300 shares of the specialty chemicals company's stock valued at $1,216,000 after buying an additional 7,300 shares in the last quarter. The Impala Asset Management Llc holds 185,642 shares with $9.57 million value, down from 505,509 last quarter. Victory Capital Management Inc. now owns 2,450,947 shares of the specialty chemicals company's stock worth $48,896,000 after buying an additional 264,930 shares during the period. Laurion Capital Management LP bought a new stake in shares of Orion Engineered Carbons S.A during the first quarter valued at approximately $8,200,000. Morgan Stanley raised its stake in shares of Orion Engineered Carbons S.A by 151.4% in the first quarter. Sei Investments Co. bought a new stake in shares of Orion Engineered Carbons S.A during the second quarter worth $305,000. Northern Trust Corp now owns 11,721 shares of the specialty chemicals company's stock worth $234,000 after buying an additional 1,594 shares during the period. The hedge fund run by Eric Sprott held 12,150 shares of the electromedical & electrotherapeutic apparatus company at the end of 2016Q4, valued at $865,000, down from 444,100 at the end of the previous reported quarter.

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.

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