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

Orion S.A. (NYSE:OEC) has been given an average rating of “Strong Sell” by the five analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $6.0833.

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

Orion Stock Down 0.1%

Shares of NYSE:OEC opened at $5.72 on Wednesday. Orion has a 52-week low of $4.34 and a 52-week high of $8.66. The company has a market capitalization of $323.58 million, a PE ratio of -3.31 and a beta of 0.99. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.64 and a current ratio of 1.03. The company has a fifty day moving average of $6.39 and a 200-day moving average of $6.53.

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

Orion Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Allworth Financial LP acquired a new stake in shares of Orion in the second quarter valued at about $28,000. Keating Financial Advisory Services Inc. bought a new position in shares of Orion during the second quarter worth about $37,000. Legal & General Group Plc acquired a new position in shares of Orion in the second quarter worth approximately $38,000. Performa Ltd US LLC lifted its stake in shares of Orion by 690.0% in the fourth quarter. Performa Ltd US LLC now owns 7,900 shares of the specialty chemicals company’s stock worth $42,000 after acquiring an additional 6,900 shares during the period. Finally, ProShare Advisors LLC bought a new stake in Orion in the fourth quarter valued at approximately $53,000. 94.33% of the stock is owned by institutional investors.

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.