Are Orion Engineered Carbons (OEC) Shares a Sell Now? KeyBanc Has Downgraded Stock

July 13, 2018 - By Michele Cranor

Orion Engineered Carbons (OEC) Receives a Downgrade

The Rating of Orion Engineered Carbons (OEC) shares have been downgraded by KeyBanc from a Overweight rating to a Sector Weight rating in analysts report revealed on Friday, 13 July.

The stock decreased 1.41% or $0.45 during the last trading session, reaching $31.5. About 767,874 shares traded or 90.69% up from the average. Orion Engineered Carbons, S.A. (OEC) has risen 56.62% since July 13, 2017 and is uptrending. It has outperformed by 44.05% the S&P500.

Analysts await Orion Engineered Carbons, S.A. (NYSE:OEC) to report earnings on August, 2. They expect $0.52 EPS, up 26.83 % or $0.11 from last year’s $0.41 per share. OEC’s profit will be $31.02M for 15.14 P/E if the $0.52 EPS becomes a reality. After $0.51 actual EPS reported by Orion Engineered Carbons, S.A. for the previous quarter, Wall Street now forecasts 1.96 % EPS growth.

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 $1.88 billion. It operates through two divisions, Specialty Carbon Black and Rubber Carbon Black. It has a 21.36 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.

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

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