OCI Partners (OCIP) Releases Quarterly Earnings Results
OCI Partners (NASDAQ:OCIP) issued its quarterly earnings data on Tuesday. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.64 by $0.13, AmericanBankingNews.com reports.
On a related note, analysts at Alembic Global Advisors initiated coverage on shares of OCI Partners in a research note on Monday, June 23rd. They set an “overweight” rating and a $30.00 price target on the stock.
OCI Partners (NASDAQ:OCIP) traded down 11.98% on Tuesday, hitting $18.00. The stock had a trading volume of 236,878 shares. OCI Partners has a 1-year low of $16.08 and a 1-year high of $28.73. The stock has a 50-day moving average of $20.83 and a 200-day moving average of $22.21. The company has a market cap of $1.449 billion and a P/E ratio of 53.26.
OCI Partners LP owns and operates an integrated methanol and ammonia production facility that is strategically located on the Texas Gulf Coast near Beaumont.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.