A report released earlier today by Zacks Investment Research about Orion Engineered Carbons SA (NYSE:OEC) ups the target price to $20.00
- Updated: October 15, 2016
Yesterday Orion Engineered Carbons SA (NYSE:OEC) traded -0.17% lower at $18.03. The company’s 50-day moving average is $18.30 and its 200-day moving average is $16.34. The last closing price is up 10.84% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 124,129 shares of the stock traded hands, up from an average trading volume of 66,571
Indicating a possible upside of 0.11%, Zacks Investment Research bumped up the target of Orion Engineered Carbons SA (NYSE:OEC) to $20.00
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Orion Engineered Carbons SA has a 52 week low of $9.69 and a 52 week high of $19.41 with a P/E ratio of 22.30 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 8 brokers have issued a research note on the company. The average stock price target is $18.69 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Orion Engineered Carbons SA (NYSE:OEC)
Orion Engineered Carbons S.A. is a producer of carbon black. The Company conducts its operations through two segments: the Specialty Carbon Black segment and the Rubber Carbon Black segment. The Specialty Carbon Black segment is engaged in the production of specialty black carbon. The Rubber Carbon Black segment is involved in the production of rubber carbon black. It offers over 270 specialty carbon black grades and approximately 80 rubber carbon black grades. The Company operates over 10 production facilities in Europe, North and South America, Asia and South Africa, as well as one jointly-owned production plant in Germany. The Specialty Carbon Black segment's product mix includes sectors, such as Coatings, Polymers, Printing and Special Applications. The Rubber Carbon Black segment includes the Tires and Mechanical Rubber Goods (MRG) product categories. Its product brands include PRINTEX, NEROX, LAMP BLACK, GAS BLACK, SPECIAL BLACK, PUREX, DUREX, HIBLACK, CORAX and N990.
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