Orion Engineered Carbons SA (NYSE:OEC) – Investment analysts at Northcoast Research issued their Q1 2018 earnings estimates for shares of Orion Engineered Carbons in a report released on Monday. Northcoast Research analyst K. Hocevar expects that the specialty chemicals company will post earnings of $0.55 per share for the quarter. Northcoast Research has a “Buy” rating and a $35.00 price objective on the stock. Northcoast Research also issued estimates for Orion Engineered Carbons’ Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.50 EPS and Q4 2018 earnings at $0.48 EPS.
A number of other research analysts have also commented on the stock. JPMorgan Chase & Co. raised shares of Orion Engineered Carbons from a “neutral” rating to an “overweight” rating and set a $29.00 price objective for the company in a research report on Monday, November 6th. UBS Group upped their price objective on shares of Orion Engineered Carbons from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. KeyCorp reissued a “buy” rating and issued a $26.00 target price on shares of Orion Engineered Carbons in a research note on Friday, November 3rd. Jefferies Group assumed coverage on shares of Orion Engineered Carbons in a research note on Monday, January 22nd. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised shares of Orion Engineered Carbons from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $28.63.
A number of hedge funds and other institutional investors have recently bought and sold shares of OEC. Northern Trust Corp increased its stake in Orion Engineered Carbons by 15.7% in the second quarter. Northern Trust Corp now owns 11,721 shares of the specialty chemicals company’s stock valued at $234,000 after acquiring an additional 1,594 shares during the period. Parametric Portfolio Associates LLC increased its stake in Orion Engineered Carbons by 9.8% in the second quarter. Parametric Portfolio Associates LLC now owns 11,734 shares of the specialty chemicals company’s stock valued at $234,000 after acquiring an additional 1,046 shares during the period. Nationwide Fund Advisors bought a new stake in Orion Engineered Carbons in the third quarter valued at about $250,000. Victory Capital Management Inc. increased its stake in Orion Engineered Carbons by 9.9% in the third quarter. Victory Capital Management Inc. now owns 2,694,304 shares of the specialty chemicals company’s stock valued at $60,487,000 after acquiring an additional 243,357 shares during the period. Finally, K.J. Harrison & Partners Inc bought a new stake in Orion Engineered Carbons during the third quarter worth about $361,000. 68.24% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This report was posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3230080/orion-engineered-carbons-sa-to-post-q1-2018-earnings-of-0-55-per-share-northcoast-research-forecasts-oec.html.
About Orion Engineered Carbons
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.
Receive News & Ratings for Orion Engineered Carbons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Engineered Carbons and related companies with MarketBeat.com's FREE daily email newsletter.