Orion Engineered Carbons S.A (NYSE:OEC)‘s stock had its “buy” rating reissued by equities research analysts at KeyCorp in a research report issued on Friday. They presently have a $26.00 price target on the specialty chemicals company’s stock. KeyCorp’s price target would indicate a potential upside of 9.47% from the company’s previous close.

A number of other research firms have also recently commented on OEC. UBS Group AG (USA) upped their target price on Orion Engineered Carbons S.A from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday. Zacks Investment Research cut Orion Engineered Carbons S.A from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub cut 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 cut Orion Engineered Carbons S.A from an “overweight” rating to a “neutral” rating and cut their target price for the company from $25.00 to $23.00 in a research note on Monday, August 7th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $23.67.

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

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Several hedge funds and other institutional investors have recently made changes to their positions in OEC. Bowen Hanes & Co. Inc. boosted its holdings in shares of Orion Engineered Carbons S.A by 145.7% in the second 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 during the period. Morgan Stanley boosted its holdings in shares of Orion Engineered Carbons S.A by 151.4% in the first quarter. Morgan Stanley now owns 517,688 shares of the specialty chemicals company’s stock valued at $10,613,000 after purchasing an additional 311,734 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Orion Engineered Carbons S.A by 12.1% in the second quarter. Victory Capital Management Inc. now owns 2,450,947 shares of the specialty chemicals company’s stock valued at $48,896,000 after purchasing an additional 264,930 shares during the period. Boston Partners boosted its holdings in shares of Orion Engineered Carbons S.A by 566.9% in the third quarter. Boston Partners now owns 310,735 shares of the specialty chemicals company’s stock valued at $6,976,000 after purchasing an additional 264,141 shares during the period. Finally, James Investment Research Inc. purchased a new stake in shares of Orion Engineered Carbons S.A in the second quarter valued at approximately $3,408,000. Hedge funds and other institutional investors own 37.49% of the company’s stock.

Orion Engineered Carbons S.A Company Profile

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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