News headlines about OCI Partners (NYSE:OCIP) have been trending somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. OCI Partners earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 46.0022930974302 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
OCI Partners (OCIP) opened at 8.30 on Tuesday. The firm’s 50-day moving average is $8.49 and its 200 day moving average is $8.96. OCI Partners has a 12-month low of $4.95 and a 12-month high of $10.35. The firm’s market cap is $722.08 million.
OCI Partners (NYSE:OCIP) last announced its quarterly earnings results on Monday, August 7th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by $0.14. The business had revenue of $73.97 million for the quarter. OCI Partners had a negative net margin of 5.60% and a negative return on equity of 10.52%. Equities research analysts predict that OCI Partners will post $0.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.48 dividend on an annualized basis and a yield of 5.78%. OCI Partners’s dividend payout ratio (DPR) is -252.63%.
Several brokerages recently weighed in on OCIP. BidaskClub downgraded shares of OCI Partners from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Citigroup Inc. set a $7.00 target price on shares of OCI Partners and gave the stock a “sell” rating in a research note on Monday, August 14th. Finally, ValuEngine raised shares of OCI Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th.
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In other news, insider Nathaniel A. Gregory acquired 10,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were bought at an average price of $8.35 per share, for a total transaction of $83,500.00. Following the completion of the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $83,500. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
OCI Partners Company Profile
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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