UBS Group Has Lowered Expectations for Orion (NYSE:OEC) Stock Price

Orion (NYSE:OEC) had its price target cut by equities research analysts at UBS Group from $6.50 to $5.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group‘s target price would indicate a potential upside of 25.19% from the company’s current price.

A number of other analysts have also recently issued reports on OEC. Wall Street Zen raised Orion from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Jefferies Financial Group assumed coverage on Orion in a report on Friday, November 6th. They set a “strong-buy” rating on the stock. JPMorgan Chase & Co. raised Orion from an “underweight” rating to a “neutral” rating in a report on Tuesday. Weiss Ratings cut Orion from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday. Finally, Zacks Research raised Orion from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.08.

Orion Stock Performance

Shares of OEC stock traded down $0.19 on Wednesday, reaching $3.99. The stock had a trading volume of 314,401 shares, compared to its average volume of 583,044. The company has a quick ratio of 0.65, a current ratio of 1.06 and a debt-to-equity ratio of 1.64. The firm’s 50-day moving average is $5.59 and its two-hundred day moving average is $6.32. The firm has a market capitalization of $225.75 million, a price-to-earnings ratio of -6.89 and a beta of 1.05. Orion has a 12 month low of $3.91 and a 12 month high of $8.64.

Orion (NYSE:OEC) last issued its earnings results on Wednesday, November 4th. The specialty chemicals company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). Orion had a negative net margin of 1.75% and a negative return on equity of 4.05%. The firm had revenue of $472.80 million during the quarter, compared to analyst estimates of $445.99 million. On average, research analysts expect that Orion will post -0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Orion

Institutional investors have recently made changes to their positions in the company. Allworth Financial LP increased its stake in shares of 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 purchasing an additional 1,753 shares during the period. Versant Capital Management Inc grew its holdings in Orion by 26.4% in the 2nd quarter. Versant Capital Management Inc now owns 9,925 shares of the specialty chemicals company’s stock valued at $66,000 after buying an additional 2,072 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in Orion by 48.0% in the 1st quarter. Glenmede Trust Co. NA now owns 16,694 shares of the specialty chemicals company’s stock valued at $109,000 after buying an additional 5,418 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new position in Orion during the 2nd quarter worth $37,000. Finally, Ieq Capital LLC increased its position in Orion by 3.0% during the 3rd quarter. Ieq Capital LLC now owns 195,775 shares of the specialty chemicals company’s stock worth $1,100,000 after buying an additional 5,674 shares during the period. Institutional investors own 94.33% of the company’s stock.

About Orion

Orion S.A., formerly known as Orion Engineered Carbons S.A., is a global specialty chemicals company that develops, manufactures and sells carbon-based products. Its portfolio includes specialty carbon black, high-performance carbon black, conductive additives and other carbon materials used in a range of industrial and consumer applications. The company’s products help provide color, conductivity, reinforcement, ultraviolet protection and other performance characteristics in products such as coatings, paints, printing inks, plastics, adhesives, sealants, batteries, tires and other rubber goods.