Orion Engineered Carbons S.A (NYSE:OEC) had its price objective upped by research analysts at UBS AG from $21.00 to $23.00 in a research note issued to investors on Friday, www.benzinga.com reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. UBS AG’s price target suggests a potential downside of 3.16% from the stock’s current price.

A number of other equities analysts have also commented on OEC. Zacks Investment Research raised 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 research note on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) raised Orion Engineered Carbons S.A from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Friday, July 14th. BidaskClub lowered Orion Engineered Carbons S.A from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. TheStreet raised Orion Engineered Carbons S.A from a “c” rating to a “b-” rating in a research note on Monday, July 24th. Finally, J P Morgan Chase & Co lowered Orion Engineered Carbons S.A from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $23.00 in a research note on Monday, August 7th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $23.50.

Orion Engineered Carbons S.A (NYSE:OEC) traded up $0.15 during trading on Friday, hitting $23.75. The company had a trading volume of 199,087 shares, compared to its average volume of 193,558. The company has a quick ratio of 1.33, a current ratio of 1.93 and a debt-to-equity ratio of 9.03. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 14.78 and a beta of 0.53.

Orion Engineered Carbons S.A (NYSE:OEC) last posted its quarterly earnings data on Thursday, November 2nd. The specialty chemicals company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.07). The company had revenue of $285.07 million during the quarter, compared to analyst estimates of $277.02 million. Orion Engineered Carbons S.A had a return on equity of 148.13% and a net margin of 4.12%. Orion Engineered Carbons S.A’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. sell-side analysts anticipate that Orion Engineered Carbons S.A will post 1.79 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of OEC. Parametric Portfolio Associates LLC acquired a new position in Orion Engineered Carbons S.A in the first quarter valued at approximately $219,000. Northern Trust Corp lifted its stake in Orion Engineered Carbons S.A by 15.7% in the second quarter. Northern Trust Corp now owns 11,721 shares of the specialty chemicals company’s stock valued at $234,000 after buying an additional 1,594 shares during the period. Nationwide Fund Advisors acquired a new position in Orion Engineered Carbons S.A in the third quarter valued at approximately $250,000. Sensato Investors LLC acquired a new position in Orion Engineered Carbons S.A in the second quarter valued at approximately $295,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Orion Engineered Carbons S.A in the second quarter valued at approximately $296,000. 37.49% 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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