Orion Engineered Carbons SA (OEC) Receiving Somewhat Favorable Media Coverage, Analysis Finds

Postado Agosto 13, 2017

Accern also gave media headlines about the specialty chemicals company an impact score of 45.1688294597463 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future. 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. (The) started coverage on shares of Orion Engineered Carbons S.A in a report on Thursday, May 11th. Zacks Investment Research upgraded Orion Engineered Carbons S.A from a "hold" rating to a "buy" rating and set a $23.00 target price for the company in a report on Tuesday, July 11th.

Harvey Partners Llc, which manages about $369.32 million and $95.25 million US Long portfolio, upped its stake in Atkore Intl Group Inc by 55,300 shares to 215,300 shares, valued at $5.15 million in 2016Q4, according to the filing. (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. BidaskClub cut Orion Engineered Carbons S.A from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, July 25th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. JP Morgan maintained Orion Engineered Carbons SA (NYSE:OEC) rating on Monday, August 15.

Shares of Orion Engineered Carbons S.A (NYSE OEC) remained flat at $20.15 during midday trading on Friday.

About 292,295 shares traded.

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. Harvey Partners Llc who had been investing in Orion Engineered Carbons S A for a number of months, seems to be less bullish one the $1.20 billion market cap company. Orion Engineered Carbons S.A.is headquartered in Luxembourg.

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The firm 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 dividend represents a yield of $3.81. The ex-dividend date will be on Thursday the 1st of June 2017. Orion Engineered Carbons S.A now has a consensus rating of "Buy" and a consensus target price of $22.60. Institutional investors own 39.11% of the company's stock. Citadel Advisors purchased a fresh position in stocks of Orion Engineered Carbons S.A during the Q1 worth at $14,363,000. 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. Renaissance Technologies LLC increased its stake in shares of Orion Engineered Carbons S.A by 0.9% in the second 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. Nine Chapters Capital Management LLC bought a new stake in shares of Orion Engineered Carbons S.A during the first quarter worth $250,000. Bowen Hanes raised its stake in stocks of Orion Engineered Carbons S.A by 145.7% in the Fiscal Q2. Dalton Greiner Hartman Maher & Co. now owns 899,074 shares of the specialty chemicals company's stock worth $17,937,000 after buying an additional 87,728 shares during the period. Orion Engineered Carbons S.A's payout ratio is 88.24%. The corporation operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.