Orion Engineered Carbons S.A (NYSE:OEC)‘s stock had its “buy” rating restated by analysts at KeyCorp in a research report issued to clients and investors on Wednesday. They currently have a $24.00 price objective on the specialty chemicals company’s stock. KeyCorp’s target price points to a potential upside of 4.35% from the company’s previous close.

OEC has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Orion Engineered Carbons S.A from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, July 11th. BidaskClub raised shares of Orion Engineered Carbons S.A from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. TheStreet upgraded Orion Engineered Carbons S.A from a “c” rating to a “b-” rating in a research note on Monday, July 24th. Goldman Sachs Group, Inc. (The) upgraded Orion Engineered Carbons S.A from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Friday, July 14th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $26.00 target price on shares of Orion Engineered Carbons S.A in a research report on Friday, August 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $22.83.

Orion Engineered Carbons S.A (OEC) traded down 0.326% during mid-day trading on Wednesday, reaching $22.925. The company’s stock had a trading volume of 46,811 shares. Orion Engineered Carbons S.A has a 1-year low of $17.15 and a 1-year high of $24.55. The stock has a market capitalization of $1.36 billion, a P/E ratio of 24.414 and a beta of 0.52. The stock’s 50 day moving average price is $21.54 and its 200 day moving average price is $20.23.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Scopus Asset Management L.P. bought a new stake in shares of Orion Engineered Carbons S.A in the 3rd quarter worth about $14,639,000. Citadel Advisors LLC acquired a new stake in shares of Orion Engineered Carbons S.A in the 1st quarter valued at about $14,363,000. Victory Capital Management Inc. raised its stake in shares of Orion Engineered Carbons S.A by 29.3% in the 1st quarter. Victory Capital Management Inc. now owns 2,186,017 shares of the specialty chemicals company’s stock valued at $44,813,000 after purchasing an additional 494,753 shares in the last quarter. Laurion Capital Management LP acquired a new stake in shares of Orion Engineered Carbons S.A in the 1st quarter valued at about $8,200,000. Finally, Bowen Hanes & Co. Inc. raised its stake in shares of Orion Engineered Carbons S.A by 145.7% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 658,605 shares of the specialty chemicals company’s stock valued at $13,139,000 after purchasing an additional 390,500 shares in the last quarter. 37.23% of the stock is currently owned by hedge funds and other institutional investors.

About Orion Engineered Carbons S.A

Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.

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