Orion Engineered Carbons SA (NYSE:OEC) Downgraded by Zacks Investment Research to Hold

Orion Engineered Carbons SA stock has undergone multiple analysts rating changes in the recent past.  Orion Engineered Carbons SA Downgraded by Zacks Investment Research on 10/1/2020. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Orion Engineered Carbons SA traded down -$0.13 on Thursday, reaching $12.51. 0 shares of the stock traded hands, compared to its average volume of 548501. Shares of Orion Engineered Carbons SA were trading at $12.51 on Thursday. The firm’s 50 day moving average is $12.37 and its 200 day moving average is $12.31.Orion Engineered Carbons SA has a 12 month low of $12.38 and a 12 month high of $20.78. While on yearly highs and lows, Orion Engineered Carbons SA’s today has traded high as $12.83 and has touched $12.38 on the downward trend. See More Analyst Rating at: RATING

Orion Engineered Carbons SA Earnings and What to expect: 

Orion Engineered Carbons last released its earnings data on August 4th, 2020. The specialty chemicals company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.02. The business earned $202.60 million during the quarter, compared to the consensus estimate of $180.02 million. Its revenue was down 49.2% on a year-over-year basis. Orion Engineered Carbons has generated $1.87 earnings per share over the last year and currently has a price-to-earnings ratio of 17.9. Orion Engineered Carbons has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, October 29th, 2020 based off prior year’s report dates.

Earnings for Orion Engineered Carbons are expected to grow by 43.68% in the coming year, from $0.87 to $1.25 per share. The P/E ratio of Orion Engineered Carbons is 17.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.68. The P/E ratio of Orion Engineered Carbons is 17.87, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 34.79. Orion Engineered Carbons has a P/B Ratio of 4.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • 1.30%
  • On 9/4/2020 CEO Corning F Painter Buy 50,000 at average share price of $12.70 which equates to $635,000.00 in money value.
  • On 5/22/2020 CEO Corning F Painter Buy 50,000 at average price of  $9.88 with total value of : $494,000.00
  • On 5/18/2020 CAO Isfort Andre Schulze Buy 5,000 at average price of  $7.32 with total value of : $36,600.00

Other owners latest trading in Orion Engineered Carbons SA :

  • On 9/15/2020 shares held by Two Sigma Advisers LP were 745,148 which equates to market value of $7.89M and appx 0.00% owners of Orion Engineered Carbons SA
  • On 9/4/2020 shares held by Principal Financial Group Inc. were 30,338 which equates to market value of $0.32M and appx 0.00% owners of Orion Engineered Carbons SA
  • On 8/27/2020 shares held by Neuberger Berman Group LLC were 146,047 which equates to market value of $1.55M and appx 0.00% owners of Orion Engineered Carbons SA
  • In total Institutional ownership equates to Institutional Ownership Percentage: 85.60% for Orion Engineered Carbons SA

Analyst at Zacks Investment Research are also talking about :

  • 9/24/2020 – Orion Engineered Carbons was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. (View)
  • 9/18/2020 – Orion Engineered Carbons was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. (View)
  • 9/17/2020 – Orion Engineered Carbons was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $17.00 price target on the stock. (View)
  • 9/11/2020 – Orion Engineered Carbons was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. (View)

Orion Engineered Carbons SA (NYSE:OEC) Moving Average Technical Analysis

5 day Moving Average is $12.38 And 5 day price change is -$0.08 (-0.64%)  with average volume for 5 day average is 400,620. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $13.35 and 20 day price change is $0.34 (2.79%) and average 20 day moving volume is 656,500. 50 day moving average is $12.37  and 50 day price change is $1.71 ( 15.83%)  and with average volume for 50 days is : 482,098. 200 day moving average is $12.31  and 200 day price change is -$7.53 (-37.57%)  and with average volume for 200 days is : 605,114.

See More Analyst Rating at: RATING