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OCI Partners (NASDAQ:OCIP) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Monday. They currently have a $18.70 price objective on the stock. Zacks‘s price target would indicate a potential downside of 5.17% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of OCI Partners in a research note on Thursday, August 14th. They now have a $20.00 price target on the stock, down previously from $25.00. 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.34.

In other OCI Partners news, Insider Nassef Sawiris purchased 9,796 shares of OCI Partners stock on the open market in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $18.99 per share, with a total value of $186,026.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of OCI Partners (NASDAQ:OCIP) traded up 0.28% on Monday, hitting $19.775. 137,972 shares of the company’s stock traded hands. OCI Partners has a one year low of $16.08 and a one year high of $28.73. The stock has a 50-day moving average of $20.32 and a 200-day moving average of $21.86. The company has a market cap of $1.592 billion and a P/E ratio of 43.73.

OCI Partners (NASDAQ:OCIP) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.64 by $0.13. Analysts expect that OCI Partners will post $1.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date of this dividend is Wednesday, August 20th. This is a boost from OCI Partners’s previous quarterly dividend of $0.41.

OCI Partners LP owns and operates an integrated methanol and ammonia production facility that is strategically located on the Texas Gulf Coast near Beaumont.

To view Zacks’ full report, visit Zacks’ official website.

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