BB&T Capital Initiates Coverage on Orion Engineered Carbons SA to Buy

BB&T Capital Initiates Coverage on Orion Engineered Carbons SA(NYSE:OEC). The shares have been rated Buy. The rating by BB&T Capital was issued on Jun 10, 2016.

Orion Engineered Carbons SA (OEC) made into the market gainers list on Wednesdays trading session with the shares advancing 1.38% or 0.22 points. Due to strong positive momentum, the stock ended at $16.12, which is also near the day’s high of $16.19. The stock began the session at $15.82 and the volume stood at 35,420 shares. The 52-week high of the shares is $20.2 and the 52 week low is $9.69. The company has a current market capitalization of $956 M and it has 5,93,16,799 shares in outstanding.

Orion Engineered Carbons SA(OEC) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $280.73M. Analysts had an estimated revenue of $266.57M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.26.

Orion Engineered Carbons S.A. formerly Orion Engineered Carbons S.a r.l. is a producer of carbon black. The company operates a carbon black business with more than 280 carbon black grades and approximately 80 rubber carbon black grades. Carbon black is a form of carbon used to improve certain properties of materials into which it is added. The Company operates in two segments: Specialty Carbon Black and Rubber Carbon Black. The Company operates a supply chain network comprising 13 wholly owned production plants and one jointly-owned production plant. The company offers specialty carbon black products which are used as a pigment and as a performance additive in coatings polymers printing and special applications. It also offers rubber carbon black products which are used in the reinforcement of rubber in tires and mechanical rubber goods.

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