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

3 Wall Street 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 research analysts is that investors should "buy" OEC shares.
View OEC analyst ratings or view top-rated stocks.

3 brokerages have issued twelve-month price objectives for Orion Engineered Carbons' stock. Their OEC share price forecasts range from $24.00 to $31.00. On average, they anticipate the company's stock price to reach $27.00 in the next twelve months. This suggests a possible upside of 3.6% 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 at the beginning of the year. Since then, OEC shares have increased by 46.4% and is now trading at $26.07.
View the best growth stocks for 2023 here.

Orion Engineered Carbons saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 935,900 shares, a decrease of 20.7% from the April 15th total of 1,180,000 shares. Based on an average daily trading volume, of 554,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.6% of the shares of the stock are short sold.
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 earnings results on Friday, May, 5th. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.11. The specialty chemicals company earned $500.70 million during the quarter, compared to analyst estimates 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 firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS.

Orion Engineered Carbons declared a quarterly dividend on Monday, April 24th. Stockholders of record on Wednesday, May 17th will be paid a dividend of $0.021 per share on Thursday, July 6th. This represents a $0.08 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Tuesday, May 16th. This is an increase from the stock's previous quarterly dividend of $0.02.
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), IQ Chaikin U.S. Small Cap ETF (CSML), Timothy Plan US Small Cap Core ETF (TPSC), JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF), Avantis U.S. Small Cap Equity ETF (AVSC) and Vanguard Materials ETF (VAW).Fidelity MSCI Materials Index ETF (FMAT).

Orion Engineered Carbons (NYSE:OEC) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.36%. 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 EPS 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 $26.07.

Orion Engineered Carbons (NYSE:OEC) has a market capitalization of $1.53 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.