Orion Engineered Carbons (OEC) Set to Announce Earnings on Thursday

Orion Engineered Carbons (NYSE:OEC) will be posting its quarterly earnings results after the market closes on Thursday, February 22nd. Analysts expect Orion Engineered Carbons to post earnings of $0.42 per share for the quarter.

Orion Engineered Carbons (NYSE:OEC) opened at $29.00 on Thursday. Orion Engineered Carbons has a 52-week low of $17.15 and a 52-week high of $30.25. The stock has a market cap of $1,666.90, a price-to-earnings ratio of 24.79 and a beta of 0.69. The company has a debt-to-equity ratio of 8.95, a quick ratio of 1.47 and a current ratio of 2.08.

An institutional investor recently raised its position in Orion Engineered Carbons stock. Northern Trust Corp boosted its holdings in shares of Orion Engineered Carbons SA (NYSE:OEC) by 15.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,721 shares of the specialty chemicals company’s stock after buying an additional 1,594 shares during the period. Northern Trust Corp’s holdings in Orion Engineered Carbons were worth $234,000 as of its most recent SEC filing. 57.26% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of Orion Engineered Carbons from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Orion Engineered Carbons from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. KeyCorp reaffirmed a “buy” rating and set a $26.00 target price on shares of Orion Engineered Carbons in a research report on Friday, November 3rd. JPMorgan Chase & Co. upgraded shares of Orion Engineered Carbons from a “neutral” rating to an “overweight” rating and set a $29.00 price target on the stock in a research note on Monday, November 6th. Finally, UBS Group lifted their price target on shares of Orion Engineered Carbons from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $24.71.

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Orion Engineered Carbons 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.

Earnings History for Orion Engineered Carbons (NYSE:OEC)

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