Ecovyst (NYSE:ECVT) Reaches New 1-Year High After Strong Earnings

Ecovyst Inc. (NYSE:ECVT)’s stock price reached a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The company traded as high as $12.33 and last traded at $11.81, with a volume of 225893 shares traded. The stock had previously closed at $11.32.

The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.21 by $0.07. The company had revenue of $199.40 million during the quarter, compared to the consensus estimate of $184.85 million. Ecovyst had a positive return on equity of 8.93% and a negative net margin of 14.34%.Ecovyst’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same period last year, the company earned $0.28 EPS. Ecovyst has set its FY 2026 guidance at 0.450-0.650 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of Ecovyst from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, January 21st. KeyCorp reduced their price target on shares of Ecovyst from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Finally, Citigroup increased their price objective on shares of Ecovyst from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ecovyst presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ECVT. Allianz Asset Management GmbH lifted its position in shares of Ecovyst by 242.5% in the third quarter. Allianz Asset Management GmbH now owns 319,726 shares of the company’s stock valued at $2,801,000 after acquiring an additional 226,386 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Ecovyst during the second quarter worth about $465,000. Squarepoint Ops LLC bought a new stake in Ecovyst during the 2nd quarter valued at approximately $1,239,000. Ballast Asset Management LP lifted its holdings in Ecovyst by 14.4% in the 2nd quarter. Ballast Asset Management LP now owns 555,373 shares of the company’s stock worth $4,571,000 after purchasing an additional 69,786 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Ecovyst in the 2nd quarter worth approximately $3,704,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Up 1.3%

The company has a current ratio of 2.25, a quick ratio of 2.07 and a debt-to-equity ratio of 1.39. The company has a 50 day simple moving average of $10.73 and a two-hundred day simple moving average of $9.44. The firm has a market capitalization of $1.31 billion, a P/E ratio of -12.33, a P/E/G ratio of 1.46 and a beta of 1.20.

About Ecovyst

Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.

The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.