Orion Engineered Carbons (OEC) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Orion Engineered Carbons in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OEC shares.
View OEC analyst ratings or view top-rated stocks.

3 equities research analysts have issued 1 year target prices for Orion Engineered Carbons' stock. Their OEC share price forecasts range from $24.00 to $31.00. On average, they predict the company's stock price to reach $27.00 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
View analysts price targets for OEC or view top-rated stocks among Wall Street analysts.

Orion Engineered Carbons' stock was trading at $17.81 on January 1st, 2023. Since then, OEC shares have increased by 37.8% and is now trading at $24.55.
View the best growth stocks for 2023 here.

Orion Engineered Carbons saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 935,900 shares, a decline of 20.7% from the April 15th total of 1,180,000 shares. Based on an average daily volume of 554,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.6% of the shares of the stock are sold short.
View Orion Engineered Carbons' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our OEC earnings forecast.

Orion Engineered Carbons S.A. (NYSE:OEC) issued its quarterly earnings results on Friday, May, 5th. The specialty chemicals company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.11. The specialty chemicals company earned $500.70 million during the quarter, compared to analysts' expectations of $522.19 million. Orion Engineered Carbons had a trailing twelve-month return on equity of 29.94% and a net margin of 5.67%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 earnings per share.

Orion Engineered Carbons declared a quarterly dividend on Thursday, June 8th. Stockholders of record on Friday, September 15th will be given a dividend of $0.021 per share on Thursday, October 5th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for OEC.

ETFs with the largest weight of Orion Engineered Carbons (NYSE:OEC) stock in their portfolio include Invesco DWA Basic Materials Momentum ETF (PYZ), Timothy Plan US Small Cap Core ETF (TPSC), JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE), Avantis U.S. Small Cap Equity ETF (AVSC) and Vanguard Materials ETF (VAW).Fidelity MSCI Materials Index ETF (FMAT) and

Orion Engineered Carbons (NYSE:OEC) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.33%. The dividend payout ratio is 4.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OEC will have a dividend payout ratio of 2.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OEC.

Orion Engineered Carbons issued an update on its FY23 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $2.30-$2.60 for the period, compared to the consensus EPS estimate of $2.52.

Based on aggregate information from My MarketBeat watchlists, some companies that other Orion Engineered Carbons investors own include NVIDIA (NVDA), Boeing (BA), Main Street Capital (MAIN), Overstock.com (OSTK), QUALCOMM (QCOM), Enphase Energy (ENPH), Pure Storage (PSTG), Riot Platforms (RIOT), Twilio (TWLO) and General Motors (GM).

Orion Engineered Carbons trades on the New York Stock Exchange (NYSE) under the ticker symbol "OEC."

Orion Engineered Carbons' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.92%), Pzena Investment Management LLC (6.06%), William Blair Investment Management LLC (5.05%), Harvey Partners LLC (3.45%), FMR LLC (3.33%) and Minneapolis Portfolio Management Group LLC (3.30%). Insiders that own company stock include Carlos Quinones, Corning F Painter, Dan F Smith, Hans Dietrich Winkhaus, Jeffrey Glajch, Kerry A Galvin, Mary A Lindsey and Robert G Hrivnak.
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Shares of OEC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OEC stock can currently be purchased for approximately $24.55.

Orion Engineered Carbons (NYSE:OEC) has a market capitalization of $1.45 billion and generates $2.03 billion in revenue each year. The specialty chemicals company earns $106.20 million in net income (profit) each year or $1.91 on an earnings per share basis.

The company employs 1,600 workers across the globe.

Orion Engineered Carbons' mailing address is 4501 MAGNOLIA COVE DRIVE SUITE 106, HOUSTON TX, 77345. The official website for the company is www.orioncarbons.com. The specialty chemicals company can be reached via phone at (352) 704-8060 or via email at investor-relations@orioncarbons.com.