Orion Engineered Carbons (OEC) Announces Quarterly Results
Orion Engineered Carbons (NYSE:OEC) released its earnings data on Thursday. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.19, Stock Ratings News reports. The company had revenue of $341.28 million for the quarter, compared to the consensus estimate of $350.00 million. The company’s quarterly revenue was down 2.7% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at KeyCorp initiated coverage on shares of Orion Engineered Carbons in a research note on Wednesday. They set a “buy” rating and a $22.00 price target on the stock. Analysts at Northcoast Research initiated coverage on shares of Orion Engineered Carbons in a research note on Thursday, August 21st. They set a “buy” rating on the stock.
Shares of Orion Engineered Carbons (NYSE:OEC) traded up 0.82% during mid-day trading on Thursday, hitting $17.26. The stock had a trading volume of 208,798 shares. Orion Engineered Carbons has a 52 week low of $15.87 and a 52 week high of $18.37. The stock has a 50-day moving average of $17.08 and a 200-day moving average of $17.08. The company’s market cap is $755.1 million.
Orion Engineered Carbons S.a r.l. is a producer of carbon black. Carbon black is a form of carbon used to improve certain properties of materials into which it is added.
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