News coverage about OCI Partners (NYSE:OCIP) has trended somewhat negative recently, according to Accern. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. OCI Partners earned a news impact score of -0.04 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 48.991234400067 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of OCI Partners (OCIP) opened at $9.05 on Tuesday. The company has a debt-to-equity ratio of 3.15, a current ratio of 0.78 and a quick ratio of 0.60. OCI Partners has a 1 year low of $6.76 and a 1 year high of $10.35. The firm has a market cap of $787.33, a P/E ratio of -129.27 and a beta of 1.35.
OCI Partners (NYSE:OCIP) last announced its quarterly earnings data on Monday, November 6th. The basic materials company reported ($0.01) EPS for the quarter. OCI Partners had a negative net margin of 1.79% and a negative return on equity of 3.70%.
A number of research firms have recently weighed in on OCIP. Citigroup upgraded shares of OCI Partners from a “sell” rating to a “neutral” rating in a research report on Friday, January 5th. BidaskClub upgraded shares of OCI Partners from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 11th.
In other news, Director Ocip Holding Llc acquired 7,276,549 shares of the stock in a transaction on Tuesday, December 26th. The stock was acquired at an average cost of $8.40 per share, for a total transaction of $61,123,011.60. Following the completion of the transaction, the director now directly owns 76,774,139 shares in the company, valued at $644,902,767.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nassef Sawiris acquired 5,000 shares of the stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average price of $7.12 per share, with a total value of $35,600.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 7,292,749 shares of company stock valued at $61,238,804.
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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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