UBS Maintains Orion Engineered Carbons SA to Neutral with Price Target $16.00

Brokerage firm UBS Maintains its rating on Orion Engineered Carbons SA(NYSE:OEC). In a research note issued to the investors, the brokerage major Raises the price-target to $16.00 per share. The shares have been rated Neutral. The rating by UBS was issued on Aug 5, 2016.

In a different note, BB&T Capital said it Initiates Coverage on Orion Engineered Carbons SA, according to a research note issued on Jun 10, 2016. The shares have been rated ‘Buy’ by the firm.

Orion Engineered Carbons SA (OEC) shares turned negative on Wednesdays trading session with the shares closing down -0.49 points or -2.66% at a volume of 1,10,003. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.4. The peak price level was also seen at $18.4 while the days lowest was $17.7. Finally the shares closed at $17.91. The 52-week high of the shares is $18.41 while the 52-week low is $9.69. According to the latest information available, the market cap of the company is $1,062 M.

Orion Engineered Carbons SA(OEC) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $275.15M. Analysts had an estimated revenue of $279.62M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.34.

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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