Are Analysts Bullish about Orion Engineered Carbons, S.A. (NYSE:OEC) after last week?

January 17, 2018 - By Peter Erickson

 Are Analysts Bullish about Orion Engineered Carbons, S.A. (NYSE:OEC) after last week?

Orion Engineered Carbons, S.A. (NYSE:OEC) Ratings Coverage

Among 9 analysts covering Orion Engineered Carbons (NYSE:OEC), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Orion Engineered Carbons had 19 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Orion Engineered Carbons, S.A. (NYSE:OEC) earned “Hold” rating by J.P. Morgan on Monday, August 7. The company was downgraded on Monday, August 7 by JP Morgan. UBS downgraded the shares of OEC in report on Friday, October 30 to “Neutral” rating. As per Monday, November 6, the company rating was upgraded by JP Morgan. The stock of Orion Engineered Carbons, S.A. (NYSE:OEC) earned “Buy” rating by BB&T Capital on Friday, June 10. The firm earned “Buy” rating on Friday, July 14 by Goldman Sachs. Goldman Sachs initiated the stock with “Neutral” rating in Friday, May 12 report. The rating was maintained by KeyBanc Capital Markets on Friday, November 3 with “Buy”. KeyBanc Capital Markets maintained the stock with “Buy” rating in Monday, October 16 report. The firm earned “Equal-Weight” rating on Tuesday, December 29 by Barclays Capital. Below is a list of Orion Engineered Carbons, S.A. (NYSE:OEC) latest ratings and price target changes.

07/11/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $23 New Target: $25 Maintain
06/11/2017 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Old Target: $23 Upgrade
06/11/2017 Broker: J.P. Morgan Rating: Buy New Target: $29.0 Upgrade
03/11/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $26.0 Maintain
03/11/2017 Broker: UBS Rating: Neutral Old Target: $21 New Target: $23 Maintain
16/10/2017 Broker: KeyBanc Capital Markets Rating: Buy Old Target: $24 New Target: $25 Maintain
07/08/2017 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral New Target: $23 Downgrade
07/08/2017 Broker: J.P. Morgan Rating: Hold New Target: $23.0000 Downgrade

The stock increased 2.48% or $0.675 during the last trading session, reaching $27.925. About 432,740 shares traded. Orion Engineered Carbons, S.A. (NYSE:OEC) has risen 24.57% since January 17, 2017 and is uptrending. It has outperformed by 7.87% the S&P500.

Orion Engineered Carbons S.A., together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, South Africa, the rest of Europe, and internationally. The company has market cap of $1.66 billion. It operates through two divisions, Specialty Carbon Black and Rubber Carbon Black. It has a 21.65 P/E ratio. The firm offers post-treated specialty carbon black grades for coatings and printing applications; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications.

More notable recent Orion Engineered Carbons, S.A. (NYSE:OEC) news were published by: Seekingalpha.com which released: “Orion Engineered Carbons’ (OEC) CEO Jack Clem on Q3 2017 Results – Earnings …” on November 03, 2017, also Seekingalpha.com with their article: “Orion Engineered Carbons’ (OEC) CEO Jack Clem on Q2 2017 Results – Earnings …” published on August 04, 2017, Prnewswire.com published: “This Morning’s Research Reports on Specialty Chemicals Stocks — Orion …” on January 16, 2018. More interesting news about Orion Engineered Carbons, S.A. (NYSE:OEC) were released by: Nasdaq.com and their article: “Orion Engineered Carbons SA (OEC) Ex-Dividend Date Scheduled for December 21, 2017” published on December 20, 2017 as well as Nasdaq.com‘s news article titled: “Orion Engineered Carbons SA (OEC) Ex-Dividend Date Scheduled for September 19 …” with publication date: September 18, 2017.

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