OCI Partners LP Common Units re (NYSE:OCIP) Experiences Lighter than Usual Trading Volume


OCI Partners LP Common Units re shares had a trading volume of 16K on Wednesday. Volume was down 84.04% under the stocks average daily volume.

Here are a few other firms who have also updated their positions. BNP Paribas Arbitrage, SA divested its position by selling 250 shares a decrease of 99.6% in the quarter. BNP Paribas Arbitrage, SA claims 1 shares worth $0. The total value of its holdings decreased 100.0%. Morgan Stanley grew its holdings by buying 428,244 shares an increase of 4.3% from 12/31/2016 to 03/31/2017. Morgan Stanley controls 10,375,692 shares valued at $103,757,000. The value of the position overall is up by 24.9%.

Walleye Trading LLC cut its investment by shedding 2,600 shares a decrease of 17.3%. Walleye Trading LLC currently owns 12,400 shares with a value of $124,000. The value of the position overall is down by 0.8%. As of the end of the quarter Ubs Group Ag had disposed of 242 shares trimming its stake by 0.0%. The value in dollars increased from $4,918,000 to $5,887,000 a change of 19.7% since the last quarter.

On July 7 Citigroup maintained a company rating of “Neutral” and raised the price expectation from $7.00 to $8.00. May 12 investment analysts at Citigroup made no change to the stock rating of “Neutral” and moved down the price target to $7.00 from $18.00.

November 2 investment analysts at Barclays kept the stock rating at “Underweight” but lowered the price target to $10.00 from $16.00. Citigroup downgraded the stock and lowered the price target on May 15 cutting the price target from $19.00 to $18.00 and moving the rating from “Buy” to “Neutral”.

On May 15 the company was downgraded from “Buy” to “Neutral” and a price target of $18.00 was set in a report issued by Citigroup. January 23 investment analysts at Barclays left the stock rating at “Underweight” but moved down the price target to $16.00 from $20.00.

The company is now unchanged by 0.00 percent from yesterday’s close. The company also declared a dividend for shareholders that was paid on Monday the 5th of June 2017. The dividend payment was $0.230 per share for the quarter which comes to $0.92 on an annualized basis. The dividend yield was $10.51. The ex-dividend date was Wednesday the 17th of May 2017.

The stock is trading at $8.55 a tad under $8.88, the 50 day moving average and which is marginally under the 200 day moving average of $9.14. The 50 day moving average went down $-0.33 or -3.68% and the 200 day average was down $-0.59.

As of the latest earnings report the EPS was $-0.35 and is expected to be $0.47 for the current year with 86,997,000 shares presently outstanding. Next quarter’s EPS is forecasted at $-0.02 and the next full year EPS is anticipated to be $0.63.

OCI Partners LP, launched on February 7, 2013, owns and operates an integrated methanol and ammonia production facility that is located on the Texas Gulf Coast near Beaumont. The Company is a methanol producer in the United States with an annual methanol production capacity of approximately 912,500 metric tons and a maximum annual ammonia production capacity of approximately 331,000 metric tons..