OCI Partners LP (NYSE:OCIP) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.
A number of other analysts also recently commented on OCIP. Citigroup Inc. set a $7.00 price target on OCI Partners and gave the company a “sell” rating in a research report on Monday, August 14th. ValuEngine raised OCI Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th.
Shares of OCI Partners (OCIP) opened at $7.35 on Friday. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.53 and a current ratio of 0.78. OCI Partners has a 52-week low of $4.95 and a 52-week high of $10.35.
ILLEGAL ACTIVITY WARNING: “BidaskClub Upgrades OCI Partners LP (OCIP) to “Sell”” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://ledgergazette.com/2017/11/13/bidaskclub-upgrades-oci-partners-lp-ocip-to-sell.html.
In other news, insider Nathaniel A. Gregory acquired 10,000 shares of OCI Partners stock in a transaction on Friday, September 8th. The stock was acquired at an average cost of $8.35 per share, with a total value of $83,500.00. Following the completion of the acquisition, the insider now owns 10,000 shares in the company, valued at $83,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cowen Inc. grew its holdings in OCI Partners by 117.9% during the second quarter. Cowen Inc. now owns 208,420 shares of the basic materials company’s stock valued at $1,845,000 after purchasing an additional 112,750 shares during the period. JPMorgan Chase & Co. bought a new position in OCI Partners during the first quarter valued at $440,000. Bard Associates Inc. grew its holdings in OCI Partners by 1.0% during the second quarter. Bard Associates Inc. now owns 144,400 shares of the basic materials company’s stock valued at $1,278,000 after purchasing an additional 1,500 shares during the period. Renaissance Technologies LLC grew its holdings in OCI Partners by 13.9% during the first quarter. Renaissance Technologies LLC now owns 60,608 shares of the basic materials company’s stock valued at $606,000 after purchasing an additional 7,418 shares during the period. Finally, Quinn Opportunity Partners LLC boosted its holdings in shares of OCI Partners by 32.1% in the second quarter. Quinn Opportunity Partners LLC now owns 55,985 shares of the basic materials company’s stock worth $495,000 after acquiring an additional 13,600 shares during the period. 14.98% of the stock is owned by institutional investors and hedge funds.
About OCI Partners
OCI Partners LP owns and operates an integrated methanol and ammonia production facility that is located on the Texas Gulf Coast near Beaumont. The Company has an annual methanol production capacity of approximately 912,500 metric tons and an annual ammonia production capacity of approximately 331,000 metric tons.
Receive News & Ratings for OCI Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OCI Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.