Zacks: OCI Partners LP (OCIP) Given $7.50 Average Target Price by Analysts

OCI Partners LP (NYSE:OCIP) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. OCI Partners’ rating score has improved by 40% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a one year consensus price objective of $7.50 for the company, according to Zacks. Zacks has also given OCI Partners an industry rank of 46 out of 265 based on the ratings given to its competitors.

A number of research firms have commented on OCIP. BidaskClub upgraded shares of OCI Partners from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 11th. Citigroup upgraded shares of OCI Partners from a “sell” rating to a “neutral” rating in a research report on Friday, January 5th.

Shares of OCI Partners (NYSE OCIP) opened at $8.75 on Friday. The firm has a market cap of $761.23, a PE ratio of -145.83 and a beta of 1.29. OCI Partners has a 52-week low of $6.76 and a 52-week high of $10.35. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.78 and a quick ratio of 0.60.

OCI Partners (NYSE:OCIP) last released its quarterly earnings results on Monday, November 6th. The basic materials company reported ($0.01) EPS for the quarter. OCI Partners had a negative return on equity of 3.70% and a negative net margin of 1.79%.

In other OCI Partners news, Director Ocip Holding Llc acquired 7,276,549 shares of the stock in a transaction dated Tuesday, December 26th. The shares were bought at an average price of $8.40 per share, with a total value of $61,123,011.60. Following the purchase, the director now directly owns 76,774,139 shares of the company’s stock, valued at approximately $644,902,767.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Nassef Sawiris acquired 5,000 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was acquired at an average cost of $7.12 per share, for a total transaction of $35,600.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,292,749 shares of company stock worth $61,238,804 over the last 90 days.

A hedge fund recently bought a new stake in OCI Partners stock. Citadel Advisors LLC acquired a new position in OCI Partners LP (NYSE:OCIP) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 33,569 shares of the basic materials company’s stock, valued at approximately $269,000. Institutional investors and hedge funds own 15.04% of the company’s stock.

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About OCI Partners

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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