Brokerages Set Orion S.A. (NYSE:OEC) Price Target at $5.92

Orion S.A. (NYSE:OEC) has been assigned a consensus rating of “Strong Sell” from the five analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $5.9167.

Several equities analysts have commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Orion in a research note on Tuesday, April 21st. UBS Group boosted their target price on Orion from $7.00 to $7.50 and gave the stock a “neutral” rating in a report on Friday, May 8th. Zacks Research raised Orion from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Wall Street Zen upgraded Orion from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th.

Hedge Funds Weigh In On Orion

Hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Orion by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,857 shares of the specialty chemicals company’s stock worth $438,000 after buying an additional 1,097 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Orion by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 30,641 shares of the specialty chemicals company’s stock valued at $162,000 after acquiring an additional 1,680 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Orion by 16.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 12,340 shares of the specialty chemicals company’s stock worth $65,000 after acquiring an additional 1,742 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Orion by 26.4% in the 2nd quarter. Versant Capital Management Inc now owns 9,925 shares of the specialty chemicals company’s stock worth $66,000 after acquiring an additional 2,072 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Orion by 2.8% in the 2nd quarter. Rhumbline Advisers now owns 85,855 shares of the specialty chemicals company’s stock worth $901,000 after acquiring an additional 2,344 shares during the last quarter. Institutional investors and hedge funds own 94.33% of the company’s stock.

Orion Stock Up 2.9%

Shares of Orion stock opened at $5.63 on Friday. The business’s fifty day moving average price is $7.14 and its two-hundred day moving average price is $6.42. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.00 and a quick ratio of 0.62. The company has a market capitalization of $317.31 million, a P/E ratio of -3.52 and a beta of 1.00. Orion has a 1-year low of $4.34 and a 1-year high of $11.62.

Orion (NYSE:OEC) 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 the consensus estimate of $0.07 by ($0.18). Orion had a positive return on equity of 2.23% and a negative net margin of 4.98%.The business had revenue of $459.50 million during the quarter, compared to the consensus estimate of $434.31 million. As a group, research analysts forecast that Orion will post 0.1 EPS for the current year.

Orion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Monday, July 6th will be issued a $0.0207 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, July 6th. Orion’s dividend payout ratio is presently -5.00%.

Orion Company Profile

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.