Orion Engineered Carbons Receives New Coverage from Analysts at Goldman Sachs (OEC)
Research analysts at Goldman Sachs assumed coverage on shares of Orion Engineered Carbons (NYSE:OEC) in a report released on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Orion Engineered Carbons (NYSE:OEC) opened at 17.26 on Friday. 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 (NYSE:OEC) last posted its quarterly earnings results on Thursday, September 4th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.19. 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. Analysts expect that Orion Engineered Carbons will post $0.85 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley initiated coverage on shares of Orion Engineered Carbons in a research note on Friday. They set an “equal weight” rating on the stock. Separately, 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. Finally, 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.
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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