Orion Engineered Carbons SA (OEC) Rating Reiterated by Berenberg Bank

Geronimo Vena
Agosto 13, 2017

Finally, Zacks Investment Research raised shares of Orion Engineered Carbons S.A from a hold rating to a buy rating and set a $23.00 price objective on the stock in a report on Tuesday, July 11th. TheStreet raised shares of Orion Engineered Carbons S.A from a c rating to a b- rating in a report on Monday, July 24th. BidaskClub lifted Orion Engineered Carbons S.A from a "hold" recommendation to a "buy" recommendation in a analysis note on early Wed, Jun 14th. Berenberg Bank started coverage on Orion Engineered Carbons S.A in a report on Tuesday, May 16th. They set a "neutral" rating and a $21.00 price objective on the stock. JP Morgan maintained Orion Engineered Carbons SA (NYSE:OEC) rating on Monday, August 15.

Orion Engineered Carbons S.A (OEC) opened at 20.15 on Wednesday.

Among 27 analysts covering Medtronic (NYSE:MDT), 18 have Buy rating, 0 Sell and 9 Hold. The stock presently has an average rating of "Buy" and a consensus price target of $22.60. The corporation had a trading volume of 481,739 Stocks. Orion Engineered Carbons S.A has a 52-week low of $17.15 and a 52-week high of $24.55. The firm has a market capitalization of $1.20 billion, a PE ratio of 21.89 and a beta of 0.51. The company has a 50-day moving average of $21.08 and a 200-day moving average of $20.10.

Orion Engineered Carbons S.A (NYSE:OEC) traded up 0.25% during midday trading on Friday, reaching $20.20. If you are accessing this story on another site, it was stolen and reposted in violation of U.S. & worldwide trademark and copyright law.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be paid a $0.169 dividend. This represents a $0.68 annualized dividend and a yield of 3.35%. More interesting news about Orion Engineered Carbons SA (NYSE:OEC) were released by: Nasdaq.com and their article: "Orion Engineered Carbons SA (OEC) Ex-Dividend Date Scheduled for June 01, 2017" published on May 31, 2017 as well as Streetinsider.com's news article titled: "JPMorgan Downgrades Orion Engineered Carbons SA (OEC) to Neutral" with publication date: August 07, 2017. Orion Engineered Carbons S.A's payout ratio is 88.24%.

Several institutional 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. Parametric Portfolio Associates LLC bought a new stake in shares of Orion Engineered Carbons S.A during the first quarter worth $219,000. 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. Finally, Trexquant Investment LP acquired a new position in Orion Engineered Carbons S.A during the first quarter valued at $523,000. Northcoast Research analyst K. Hocevar now anticipates that the specialty chemicals company will earn $1.86 per share for the year, up from their previous estimate of $1.59. Ameriprise Financial Inc owns 1,301,671 shares worth $25,968,000. Sit Investment Associates Inc. raised its position in Orion Engineered Carbons S.A by 515.6% in the first quarter. 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. Institutional investors own 39.11% of the company's stock.

Orion Engineered Carbons SA is a producer of carbon black. Orion operates in two segments: Specialty Carbon Black and Rubber Carbon Black. the firms Gas Blacks, Furnace Blacks and Specialty Carbon Blacks tint, colorize and enhance the performance of plastics, paints and coatings, inks and toners, adhesives and sealants, tires, and manufactured rubber goods such as automotive belts and hoses.

Volumes for the specialty carbon black business increased by 2.9 percent while rubber carbon black experienced a 12.1 percent decrease, largely as a result of the closure of its production facility in Ambes, France. The Rubber Carbon Black segment is involved in the production of rubber carbon black.

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