OCI Partners LP (NYSE:OCIP) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday.
Other research analysts have also recently issued research reports about the stock. Citigroup Inc. set a $7.00 price target on shares of OCI Partners and gave the stock a “sell” rating in a research note on Monday, August 14th. ValuEngine upgraded shares of OCI Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th.
OCI Partners (NYSE:OCIP) opened at 8.35 on Friday. OCI Partners has a 12-month low of $4.95 and a 12-month high of $10.35. The company’s market capitalization is $726.42 million. The stock’s 50 day moving average price is $8.76 and its 200 day moving average price is $9.10.
OCI Partners (NYSE:OCIP) last announced its quarterly earnings results on Monday, August 7th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by $0.14. The business had revenue of $73.97 million for the quarter. OCI Partners had a negative return on equity of 10.52% and a negative net margin of 5.60%. On average, equities research analysts anticipate that OCI Partners will post $0.46 earnings per share for the current fiscal year.
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Several hedge funds have recently bought and sold shares of OCIP. Bard Associates Inc. raised its stake in OCI Partners by 1.0% in the second quarter. Bard Associates Inc. now owns 144,400 shares of the basic materials company’s stock valued at $1,278,000 after buying an additional 1,500 shares during the last quarter. Renaissance Technologies LLC raised its stake in OCI Partners by 13.9% in the first quarter. Renaissance Technologies LLC now owns 60,608 shares of the basic materials company’s stock valued at $606,000 after buying an additional 7,418 shares during the last quarter. Quinn Opportunity Partners LLC raised its stake in 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 valued at $495,000 after buying an additional 13,600 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in OCI Partners during the first quarter valued at $440,000. Finally, Cowen Group Inc. raised its stake in OCI Partners by 93.7% in the first quarter. Cowen Group Inc. now owns 95,670 shares of the basic materials company’s stock valued at $957,000 after buying an additional 46,275 shares during the last quarter. 26.96% of the stock is owned by institutional investors.
OCI Partners Company Profile
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.
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