Orion (NYSE:OEC) Sets New 1-Year Low – What’s Next?

Orion S.A. (NYSE:OEC)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $14.66 and last traded at $14.71, with a volume of 28827 shares trading hands. The stock had previously closed at $15.23.

Analysts Set New Price Targets

Several brokerages recently weighed in on OEC. StockNews.com lowered Orion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised Orion from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $20.00 to $21.00 in a research report on Monday, November 11th.

Orion Stock Down 1.5 %

The company has a market capitalization of $835.21 million, a PE ratio of 27.30 and a beta of 1.53. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42. The business has a fifty day moving average of $16.84 and a 200 day moving average of $18.09.

Orion (NYSE:OEC) last announced its quarterly earnings data on Thursday, November 7th. The specialty chemicals company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Orion had a net margin of 1.67% and a return on equity of 18.97%. The business had revenue of $463.40 million during the quarter, compared to analyst estimates of $489.01 million. Equities research analysts anticipate that Orion S.A. will post 1.68 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Orion in the 3rd quarter valued at $27,000. DekaBank Deutsche Girozentrale purchased a new stake in Orion during the 2nd quarter worth about $54,000. nVerses Capital LLC acquired a new position in shares of Orion during the 3rd quarter worth about $69,000. Point72 DIFC Ltd increased its holdings in shares of Orion by 1,578.7% in the 3rd quarter. Point72 DIFC Ltd now owns 4,415 shares of the specialty chemicals company’s stock valued at $79,000 after acquiring an additional 4,152 shares during the last quarter. Finally, Quarry LP raised its position in shares of Orion by 76.9% during the 2nd quarter. Quarry LP now owns 4,776 shares of the specialty chemicals company’s stock worth $105,000 after acquiring an additional 2,076 shares in the last quarter. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Orion Company Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.