Somewhat Critical Press Coverage Somewhat Likely to Affect Orion Engineered Carbons SA (OEC) Share Price

Somewhat Critical Press Coverage Somewhat Likely to Affect Orion Engineered Carbons SA (OEC) Share Price

Media stories about Orion Engineered Carbons SA (NYSE:OEC) have been trending somewhat negative this week, Alpha One Sentiment Analysis reports. Alpha One, a division of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Orion Engineered Carbons SA earned a news sentiment score of -0.04 on Alpha One’s scale. Alpha One also assigned news stories about the specialty chemicals company an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the next several days.

Shares of Orion Engineered Carbons SA (NYSE:OEC) traded up 0.86% during mid-day trading on Friday, reaching $17.55. The company had a trading volume of 126,457 shares. The company has a 50 day moving average price of $18.72 and a 200 day moving average price of $19.81. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 20.24 and a beta of 0.55. Orion Engineered Carbons SA has a one year low of $14.44 and a one year high of $22.20.

The company also recently declared a dividend, which will be paid on Friday, June 30th. Stockholders of record on Monday, June 5th will be issued a dividend of $0.189 per share. This is a boost from Orion Engineered Carbons SA’s previous dividend of $0.18. The ex-dividend date of this dividend is Thursday, June 1st. Orion Engineered Carbons SA’s dividend payout ratio is presently 134.62%.

A number of analysts recently commented on the company. ValuEngine lowered Orion Engineered Carbons SA from a “strong-buy” rating to a “buy” rating in a report on Friday. Berenberg Bank assumed coverage on Orion Engineered Carbons SA in a report on Tuesday, May 16th. They set a “buy” rating and a $26.00 price target on the stock. Zacks Investment Research upgraded Orion Engineered Carbons SA from a “sell” rating to a “hold” rating in a report on Friday, March 31st. Finally, Goldman Sachs Group Inc assumed coverage on Orion Engineered Carbons SA in a report on Thursday, May 11th. They set a “neutral” rating and a $21.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $22.20.

Orion Engineered Carbons SA Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OEC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment