Wednesday, July 15, 2020

Orion Engineered Carbons S.A. [OEC] Stock trading around $10.39 per share: What’s Next?

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Orion Engineered Carbons S.A. [NYSE: OEC] traded at a high on 06/25/20, posting a 2.97 gain after which it closed the day’ session at $10.39. The results of the trading session contributed to over 380851 shares changing hands. Over the past one week, the price volatility of Orion Engineered Carbons S.A. stands at 4.88% while the volatility over the past one month is 6.00%.

The market cap for OEC stock reached $619.97 million, with 60.28 million shares outstanding and 59.46 million shares in the current float. Compared to the average trading volume of 851.61K shares, OEC reached a trading volume of 380851 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Orion Engineered Carbons S.A. [OEC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OEC shares is $12.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OEC stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Orion Engineered Carbons S.A. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on May 11, 2020. The new note on the price target was released on August 05, 2019, representing the official price target for Orion Engineered Carbons S.A. stock. On March 11, 2019, analysts decreased their price target for OEC shares from 31 to 20.

The Average True Range (ATR) for Orion Engineered Carbons S.A. is set at 0.73, with the Price to Sales ratio for OEC stock in the period of the last 12 months amounting to 0.43. The Price to Book ratio for the last quarter was 3.75, with the Price to Cash per share for the same quarter was set at 2.12.

How has OEC stock performed recently?

Orion Engineered Carbons S.A. [OEC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.85. With this latest performance, OEC shares dropped by -11.80% in over the last four-week period, additionally sinking by -46.94% over the last 6 months – not to mention a drop of -49.39% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OEC stock in for the last two-week period is set at 47.74, with the RSI for the last a single of trading hit 44.11, and the three-weeks RSI is set at 50.28 for Orion Engineered Carbons S.A. [OEC]. The present Moving Average for the last 50 days of trading for this stock 9.54, while it was recorded at 10.63 for the last single week of trading, and 14.19 for the last 200 days.

Orion Engineered Carbons S.A. [OEC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Orion Engineered Carbons S.A. [OEC] shares currently have an operating margin of +11.04 and a Gross Margin at +26.40. Orion Engineered Carbons S.A.’s Net Margin is presently recorded at +5.89.

Return on Total Capital for OEC is now 18.89, given the latest momentum, and Return on Invested Capital for the company is 10.60. Return on Equity for this stock inclined to 50.40, with Return on Assets sitting at 6.65. When it comes to the capital structure of this company, Orion Engineered Carbons S.A. [OEC] has a Total Debt to Total Equity ratio set at 374.02. Additionally, OEC Total Debt to Total Capital is recorded at 78.90, with Total Debt to Total Assets ending up at 53.31. Long-Term Debt to Equity for the company is recorded at 350.36, with the Long-Term Debt to Total Capital now at 73.91.

Reflecting on the efficiency of the workforce at the company, Orion Engineered Carbons S.A. [OEC] managed to generate an average of $58,218 per employee. Receivables Turnover for the company is 5.03 with a Total Asset Turnover recorded at a value of 1.13.Orion Engineered Carbons S.A.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.50.

Earnings analysis for Orion Engineered Carbons S.A. [OEC]

With the latest financial reports released by the company, Orion Engineered Carbons S.A. posted 0.53/share EPS, while the average EPS was predicted by analysts to be reported at 0.5/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OEC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Orion Engineered Carbons S.A. go to 3.70%.

Insider trade positions for Orion Engineered Carbons S.A. [OEC]

There are presently around $541 million, or 89.50% of OEC stock, in the hands of institutional investors. The top three institutional holders of OEC stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 5,442,772, which is approximately -31.622% of the company’s market cap and around 2.00% of the total institutional ownership; ALLIANCEBERNSTEIN L.P., holding 4,953,480 shares of the stock with an approximate value of $49.98 million in OEC stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $42.11 million in OEC stock with ownership of nearly 1.85% of the company’s market capitalization.

Positions in Orion Engineered Carbons S.A. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 89 institutional holders increased their position in Orion Engineered Carbons S.A. [NYSE:OEC] by around 8,053,973 shares. Additionally, 65 investors decreased positions by around 10,102,708 shares, while 8 investors held positions by with 35,494,823 shares. The mentioned changes placed institutional holdings at 53,651,504 shares, according to the latest SEC report filing. OEC stock had 37 new institutional investments in for a total of 2,924,616 shares, while 22 institutional investors sold positions of 946,070 shares during the same period.

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