OCI Partners LP(NYSE:OCIP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Earnings per share were $-0.18.
In a different note, On Jul 7, 2016, Citigroup said it Maintains its rating on OCI Partners LP. In the research note, the firm Raises the price-target to $7.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 12, 2016, Citigroup said it Maintains its rating on OCI Partners LP. In the research note, the firm Lowers the price-target to $7.50 per share. The shares have been rated ‘Neutral’ by the firm.
OCI Partners LP (OCIP) made into the market gainers list on Wednesdays trading session with the shares advancing 1.58% or 0.09 points. Due to strong positive momentum, the stock ended at $5.8, which is also near the day’s high of $6.02. The stock began the session at $5.62 and the volume stood at 25,181 shares. The 52-week high of the shares is $14.72 and the 52 week low is $5.46. The company has a current market capitalization of $505 M and it has 8,69,97,590 shares in outstanding.
OCI Partners LP is an owner and operator of an integrated methanol and ammonia production facility that is located on the Texas Gulf Coast near Beaumont. The Company is a methanol producer in the United States with an annual methanol production capacity of approximately 730000 metric tons. It has a maximum annual ammonia production capacity of approximately 265000 metric tons. The Company purchases natural gas from third parties and processes the natural gas into synthesis gas which it then further processes in the production of methanol and ammonia. The Company stores and sells the processed methanol and ammonia to industrial and commercial customers for further processing or distribution.