Barclays (LON:BARC) analyst Michael Leithead maintained a Sell rating on Orion Engineered (NYSE:OEC) on Friday, setting a price target of $14, which is approximately 24.97% below the present share price of $18.66.
Leithead expects Orion Engineered to post earnings per share (EPS) of $0.15 for the first quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Hold rating of shares in Orion Engineered, with an average price target of $17.
The analysts price targets range from a high of $20 to a low of $14.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $282.04 million and a net profit of $24.15 million. The company's market cap is $1.13 billion.
According to TipRanks.com, Barclays analyst Michael Leithead is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -0.4% and a 54.29% success rate.
Orion Engineered Carbons SA engages in the production and supply of carbon black. It operates through the following segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment manufactures specialty carbon black at multiple sites for a broad range of specialized applications. The Rubber Carbon Black segment is used in the reinforcement of rubber in tires and mechanical rubber goods, specialties are used as pigments and performance additives in coatings, polymers, printing and special applications. The company was founded on April 13, 2011 and is headquartered in Houston, TX.