Orion S.A. (NYSE:OEC) Receives Consensus Rating of “Strong Sell” from Analysts

by · The Cerbat Gem

Shares of Orion S.A. (NYSE:OEC – Get Free Report) have been given an average recommendation of “Strong Sell” by the five ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $5.9167.

A number of research analysts recently issued reports on the company. Mizuho raised their price target on Orion from $4.50 to $5.25 and gave the stock an “underperform” rating in a research note on Wednesday, February 18th. Weiss Ratings restated a “sell (d)” rating on shares of Orion in a research note on Tuesday, April 21st. Wall Street Zen upgraded Orion from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Zacks Research upgraded Orion from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, UBS Group raised their price target on Orion from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Friday, May 8th.

Read Our Latest Stock Analysis on Orion

Orion Trading Down 0.1%

NYSE:OEC opened at $8.26 on Monday. The stock’s 50 day moving average price is $7.15 and its 200 day moving average price is $6.21. The company has a market capitalization of $465.50 million, a PE ratio of -5.16 and a beta of 0.97. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 1.75. Orion has a 52-week low of $4.34 and a 52-week high of $11.62.

Orion (NYSE:OEC – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The firm had revenue of $459.50 million for the quarter, compared to analysts’ expectations of $434.31 million. Orion had a positive return on equity of 2.23% and a negative net margin of 4.98%. On average, research analysts anticipate that Orion will post 0.1 EPS for the current year.

Orion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.0207 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, June 10th. Orion’s dividend payout ratio (DPR) is presently -5.00%.

Institutional Trading of Orion

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP boosted its stake in shares of Orion by 430.9% in the fourth quarter. Quarry LP now owns 5,861 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 4,757 shares in the last quarter. Performa Ltd US LLC raised its holdings in shares of Orion by 690.0% in the 4th quarter. Performa Ltd US LLC now owns 7,900 shares of the specialty chemicals company’s stock worth $42,000 after purchasing an additional 6,900 shares during the period. ProShare Advisors LLC purchased a new position in shares of Orion in the 4th quarter worth about $53,000. Blue Trust Inc. acquired a new position in Orion during the 1st quarter worth approximately $55,000. Finally, Public Employees Retirement System of Ohio grew its position in Orion by 277.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 11,147 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 8,194 shares in the last quarter. 94.33% of the stock is owned by institutional investors and hedge funds.

Orion Company Profile

(Get Free Report)

Orion Engineered Carbons SA, operating as Orion (NYSE: OEC), is a global producer of carbon black, a critical performance additive used to enhance the strength, durability and conductivity of various materials. The company’s products chiefly serve the tire and rubber industry, where carbon black imparts wear resistance and longevity, as well as the plastics, coatings, inks and battery components markets, where specialty grades deliver tailored conductivity and color properties.

Orion’s product portfolio is organized into two core segments: Rubber and Specialty and Chemical Specialties.

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