Orion Engineered Carbons S.A. (NYSE:OEC)’s traded shares stood at 719,860 during the last session, with the company’s beta value hitting 1.85. At the close of trading, the stock’s price was $16.59, to imply an increase of 3.04% or $0.49 in intraday trading. The OEC share’s 52-week high remains $19.2, putting it -15.73% down since that peak but still an impressive +64.26% since price per share fell to its 52-week low of $5.93. The company has a valuation of $1Billion, with an average of 264.26 Million shares in intraday trading volume over the past 10 days and average of 322.31 Million shares over the past 3 months.
Analysts have given a consensus recommendation of Overweight for Orion Engineered Carbons S.A. (OEC), translating to a mean rating of 2.1. Of 5 analyst(s) looking at the stock, 1 analyst(s) give OEC a Sell rating. None of those analysts rate the stock as Overweight while no one advise Hold as 4 recommend it as a Buy. None analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.32.
Orion Engineered Carbons S.A. (NYSE:OEC) trade information
After registering a 3.04% upside in the last session, Orion Engineered Carbons S.A. (OEC) has traded red over the past five days. The stock hit a weekly high of $17.67 this Tuesday, Feb 16, jumping 6.11% in its intraday price action. The 5-day price performance for the stock is -3.15%, and -1.19% over 30 days. Despite these dips, the year-to-date price performance is -3.21%. Short interest in Orion Engineered Carbons S.A. (NYSE:OEC) saw shorts transact 850.37 Million shares and set a 2.64 days time to cover.
Analysts on Wall Street suggest a consensus price target of $20.4, implying an increase of 22.97% to the stock’s current value. The extremes give us $14 and $25 for target low and target high price respectively. As such, OEC has been trading 50.69% off suggested target high and -15.61% from its likely low.
Orion Engineered Carbons S.A. (OEC) estimates and forecasts
Looking at statistics comparing Orion Engineered Carbons S.A. share performance against respective industry, we note that the company has outperformed competitors. Orion Engineered Carbons S.A. (OEC) shares are +37.11% up over the last 6 months, with its year-to-date growth rate higher than industry average at 29.81% against 7.3%. But the analysts are tempering their growth estimates for the 2021 fiscal year. Revenue is forecast to decline -27.3% this quarter before jumping 350% for the next one. The rating firms project that company’s revenue will grow 10.7% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is $300.9 Million. Meanwhile, for the quarter ending June 01, 2021, a total of 2 analyst(s) estimate revenue growth to $312.43 Million. Earnings reports from the last fiscal year show that sales brought in $336.01 Million and $180.02 Million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to dip -10.4% before jumping 73.6% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 26.8% for the past 5-year period. While 2021 is set for a -28.6% return in earnings, projections for the next 5 years are at 3.7% annually.
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Orion Engineered Carbons S.A. (NYSE:OEC)’s Major holders
Orion Engineered Carbons S.A. insiders hold 1.88% of total outstanding shares, with institutional holders owning 93.04% of the shares at 94.82% float percentage. In total, 206 institutions holds shares in the company, led by AllianceBernstein, L.P. As of Dec 30, 2020, the company held over 6.62 Million shares (or 10.95% of shares), all amounting to roughly $113.51 Million.
The next major institution holding the largest number of shares is Wellington Management Company, LLP with 4.05 Million shares, or about 6.7% of shares outstanding. As of the market price on Sep 29, 2020, these shares were worth $50.67 Million.