Separately, Citigroup Inc. increased their price target on shares of OCI Partners from $7.00 to $8.00 and gave the company a neutral rating in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. OCI Partners has an average rating of Hold and a consensus price target of $8.33.
Shares of OCI Partners (NYSE:OCIP) opened at 5.86 on Monday. The firm has a market capitalization of $509.80 million, a price-to-earnings ratio of 31.51 and a beta of 1.17. The company’s 50 day moving average is $5.92 and its 200-day moving average is $6.86. OCI Partners has a one year low of $5.46 and a one year high of $10.26.
OCI Partners (NYSE:OCIP) last announced its earnings results on Friday, August 5th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.04. OCI Partners had a net margin of 5.07% and a return on equity of 7.34%. Equities analysts expect that OCI Partners will post ($0.42) EPS for the current year.
In other OCI Partners news, insider Nassef Sawiris bought 36,100 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was purchased at an average price of $6.04 per share, for a total transaction of $218,044.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of institutional investors have recently modified their holdings of OCIP. Credit Capital Investments LLC raised its position in shares of OCI Partners by 655.0% in the second quarter. Credit Capital Investments LLC now owns 596,487 shares of the company’s stock worth $596,000 after buying an additional 517,482 shares in the last quarter. ING Groep NV acquired a new position in shares of OCI Partners during the first quarter worth $140,000. Renaissance Technologies LLC raised its position in shares of OCI Partners by 293.7% in the first quarter. Renaissance Technologies LLC now owns 116,178 shares of the company’s stock worth $878,000 after buying an additional 86,670 shares in the last quarter. Finally, Citigroup Inc. raised its position in shares of OCI Partners by 197.4% in the second quarter. Citigroup Inc. now owns 27,206 shares of the company’s stock worth $205,000 after buying an additional 18,057 shares in the last quarter. Hedge funds and other institutional investors own 13.80% of the company’s stock.
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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