MED Reiterates Buy Rating for OCI Partners (OCIP)

MED reaffirmed their buy rating on shares of OCI Partners (NYSE:OCIP) in a research report report published on Monday. MED currently has a $15.00 price target on the basic materials company’s stock.

Other research analysts have also issued research reports about the stock. TheStreet raised shares of OCI Partners from a c rating to a b- rating in a research note on Wednesday, April 25th. ValuEngine raised shares of OCI Partners from a hold rating to a buy rating in a research note on Wednesday, April 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. OCI Partners presently has an average rating of Hold and a consensus price target of $11.00.

Shares of OCI Partners opened at $10.00 on Monday, MarketBeat.com reports. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.03 and a current ratio of 1.91. The firm has a market cap of $856.92 million, a PE ratio of 19.70 and a beta of 1.16.

OCI Partners (NYSE:OCIP) last announced its earnings results on Monday, March 5th. The basic materials company reported $0.15 earnings per share for the quarter. The company had revenue of $90.02 million during the quarter. OCI Partners had a net margin of 11.37% and a return on equity of 30.77%.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Wednesday, May 23rd will be paid a $0.38 dividend. This is a positive change from OCI Partners’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, May 22nd. This represents a $1.52 annualized dividend and a dividend yield of 15.20%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cowen Inc. boosted its stake in shares of OCI Partners by 51.7% in the fourth quarter. Cowen Inc. now owns 402,162 shares of the basic materials company’s stock valued at $3,237,000 after purchasing an additional 137,057 shares during the period. Quinn Opportunity Partners LLC boosted its stake in shares of OCI Partners by 28.2% in the fourth quarter. Quinn Opportunity Partners LLC now owns 69,235 shares of the basic materials company’s stock valued at $557,000 after purchasing an additional 15,250 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in shares of OCI Partners in the fourth quarter valued at approximately $113,000. 13.98% of the stock is owned by institutional investors and hedge funds.

OCI Partners Company Profile

OCI Partners LP produces, markets, and sells methanol and ammonia in the United States. The company offers its products to industrial users and commercial traders for further processing or distribution. OCI GP LLC operates as the general partner of the company. The company was founded in 2013 and is based in Nederland, Texas.

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