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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.

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