OCI Partners LP (OCIP) to Issue Quarterly Dividend of $0.12
OCI Partners LP (NYSE:OCIP) declared a quarterly dividend on Monday, August 7th, NASDAQ reports. Investors of record on Friday, August 18th will be paid a dividend of 0.12 per share by the basic materials company on Friday, September 8th. This represents a $0.48 annualized dividend and a dividend yield of 5.61%. The ex-dividend date of this dividend is Wednesday, August 16th.
OCI Partners (NYSE:OCIP) opened at 8.55 on Tuesday. The company’s 50 day moving average price is $8.89 and its 200 day moving average price is $9.15. The stock’s market cap is $743.82 million. OCI Partners has a 12 month low of $4.95 and a 12 month high of $10.35.
OCI Partners (NYSE:OCIP) last posted its quarterly earnings results on Monday, August 7th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.14. OCI Partners had a negative return on equity of 18.28% and a negative net margin of 10.94%. Equities analysts forecast that OCI Partners will post $0.47 EPS for the current fiscal year.
Several research firms recently weighed in on OCIP. Citigroup Inc. downgraded OCI Partners from a “neutral” rating to a “sell” rating and set a $8.00 price target on the stock. in a research note on Monday, April 17th. BidaskClub downgraded OCI Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.
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OCI Partners Company Profile
OCI Partners LP owns and operates an integrated methanol and ammonia production facility that is located on the Texas Gulf Coast near Beaumont. The Company has an annual methanol production capacity of approximately 912,500 metric tons and an annual ammonia production capacity of approximately 331,000 metric tons.
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