Orion S.A. (NYSE:OEC) Receives $6.08 Average Price Target from Brokerages

Shares of Orion S.A. (NYSE:OEC) have received a consensus rating of “Strong Sell” from the five brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $6.0833.

Several analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Orion in a research note on Friday, July 17th. UBS Group increased their target price on shares of Orion from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Wall Street Zen upgraded shares of Orion from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Zacks Research raised Orion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th.

Institutional Investors Weigh In On Orion

Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new position in Orion during the second quarter worth $64,000. Allworth Financial LP lifted its position in Orion by 70.6% during the second quarter. Allworth Financial LP now owns 4,235 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 1,753 shares during the period. Corient Private Wealth LP lifted its position in Orion by 153.8% during the second quarter. Corient Private Wealth LP now owns 29,183 shares of the specialty chemicals company’s stock worth $194,000 after buying an additional 17,683 shares during the period. AXQ Capital LP acquired a new stake in Orion in the 2nd quarter worth about $128,000. Finally, Proficio Capital Partners LLC acquired a new stake in Orion in the 2nd quarter worth about $89,000. 94.33% of the stock is currently owned by hedge funds and other institutional investors.

Orion Stock Up 2.2%

Orion stock opened at $6.06 on Wednesday. The stock’s 50 day moving average price is $6.39 and its 200 day moving average price is $6.54. Orion has a 1-year low of $4.34 and a 1-year high of $8.64. The company has a market cap of $342.51 million, a PE ratio of -3.50 and a beta of 0.99. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.03 and a quick ratio of 0.64.

Orion (NYSE:OEC) last released its quarterly earnings data on Wednesday, August 5th. The specialty chemicals company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $500.90 million during the quarter, compared to analysts’ expectations of $474.43 million. Orion had a negative return on equity of 0.31% and a negative net margin of 5.28%. On average, sell-side analysts predict that Orion will post 0.08 EPS for the current fiscal year.

Orion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 19th. Shareholders of record on Friday, December 11th will be issued a $0.0207 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.08 annualized dividend and a yield of 1.4%. Orion’s dividend payout ratio is -4.62%.

Orion Company Profile

Orion SA (NYSE: OEC) is a specialty chemicals company that develops, produces and markets carbon black. Its products are used as pigments, performance additives and conductive materials in applications including tires, rubber goods, coatings, printing inks, plastics, batteries and other industrial products.

The company supplies both specialty and high-performance carbon black products, which can provide coloration, ultraviolet protection, conductivity and reinforcement. Orion serves customers across a range of industries and operates internationally, with manufacturing and commercial activities spanning the Americas, Europe, the Middle East, Africa and Asia-Pacific.

Orion traces its roots to the carbon black operations formerly associated with Evonik Industries and became an independent publicly traded company in 2011.