Credit Suisse raised the price target for the Orion Engineered Carbons S.A. (NYSE:OEC) stock to “an Outperform”. The rating was released on March 13, 2023, according to finviz. The research report from Loop Capital has upgraded the stock from Hold to Buy, with a price target set at $20. The stock was downgraded by Barclays, who disclosed in a research note on May 11, 2020, from Equal Weight to Underweight and set the price objective to $7.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Orion Engineered Carbons S.A. (NYSE:OEC) dipped -2.82% to close Friday’s market session at $24.13, lower as compared to yesterday’s close. The stock price fluctuated between $24.09 and $24.74 throughout the trading session with the volume trading being 710562 shares, which represented a significant variation when compared to the three months average volume of 493.66K shares. The firm’s stock price fluctuated -1.63% within the last five trades and 10.69% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 45.71% in the last 6 months and 29.87% was added to its value over the previous 3 months. OEC stock is trading at a margin of -3.68%, 8.80% and 33.81% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, OEC deals in the Basic Materials domain. The stock is trading -10.31 percent below its 52-week high and 87.49 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 62.96. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Orion Engineered Carbons S.A.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 9.70 percent and the profit margin is 5.20 percent, and the company has reported a gross margin of 22.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $1.50 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Orion Engineered Carbons S.A. (NYSE:OEC) is 13.89. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 8.26. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.74 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.20, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 2.40 percent of Orion Engineered Carbons S.A. shares are owned by insiders, and 94.23 percent are held by financial institutions. Glajch Jeffrey, the Chief Financial Officer at Orion Engineered Carbons S.A. (OEC) has bought 10,000 shares of firm on Mar 15 at a price of $23.82 against the total amount of $0.24 million. In another inside trade, Quinones Carlos, Sr. VP Global Operations of Orion Engineered Carbons S.A. (NYSE:OEC) bought 3,800 shares of the firm on Mar 13 for a total worth of $91124.0 at a price of $23.98. An inside trade which took place on Mar 06, Chief Accounting Officer of Orion Engineered Carbons S.A. Hrivnak Robert G. sold 2,514 shares of firm against total price of $66862.0 at the cost of $26.60 per share.