News headlines about OCI Partners (NYSE:OCIP) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. OCI Partners earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 43.8280438658625 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of NYSE:OCIP traded down $0.05 on Thursday, reaching $11.45. 3,314 shares of the company’s stock were exchanged, compared to its average volume of 44,460. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.87 and a current ratio of 1.91. OCI Partners has a fifty-two week low of $6.76 and a fifty-two week high of $11.50. The stock has a market capitalization of $996.12 million, a price-to-earnings ratio of 22.90 and a beta of 1.19.
OCI Partners (NYSE:OCIP) last released its quarterly earnings data on Monday, May 7th. The basic materials company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. OCI Partners had a net margin of 11.37% and a return on equity of 30.77%. The business had revenue of $117.35 million for the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Investors of record on Wednesday, May 23rd were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 13.28%. The ex-dividend date of this dividend was Tuesday, May 22nd. This is a boost from OCI Partners’s previous quarterly dividend of $0.27.
A number of research firms have commented on OCIP. MED reiterated a “buy” rating and set a $15.00 price objective on shares of OCI Partners in a research note on Monday, May 7th. ValuEngine cut shares of OCI Partners from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Finally, TheStreet raised shares of OCI Partners from a “c” rating to a “b-” rating in a report on Wednesday, April 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. OCI Partners has an average rating of “Hold” and an average target price of $11.00.
OCI Partners Company Profile
OCI Partners LP produces, markets, and distributes methanol and anhydrous 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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