Orion S.A. (NYSE:OEC) Receives $5.92 Consensus Price Target from Brokerages

Orion S.A. (NYSE:OEC) has earned a consensus rating of “Strong Sell” from the five research firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell rating and one has issued a hold rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $5.9167.

OEC has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Orion in a report on Friday, July 17th. UBS Group increased their price objective on Orion from $7.00 to $7.50 and gave the company a “neutral” rating in a report on Friday, May 8th. Wall Street Zen downgraded Orion from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Research lowered Orion from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th.

Institutional Investors Weigh In On Orion

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in shares of Orion by 10.7% in the first quarter. Royal Bank of Canada now owns 283,138 shares of the specialty chemicals company’s stock worth $3,661,000 after purchasing an additional 27,442 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Orion by 86.2% during the 1st quarter. AQR Capital Management LLC now owns 149,128 shares of the specialty chemicals company’s stock valued at $1,928,000 after buying an additional 69,054 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Orion by 3.3% in the 1st 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 during the period. Dynamic Technology Lab Private Ltd bought a new position in Orion in the 1st quarter worth approximately $137,000. Finally, Jane Street Group LLC grew its stake in Orion by 202.7% in the 1st quarter. Jane Street Group LLC now owns 121,078 shares of the specialty chemicals company’s stock valued at $1,566,000 after buying an additional 81,079 shares in the last quarter. 94.33% of the stock is owned by hedge funds and other institutional investors.

Orion Stock Performance

NYSE OEC opened at $6.71 on Tuesday. The company has a market capitalization of $378.66 million, a PE ratio of -4.20 and a beta of 1.00. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.62 and a current ratio of 1.00. Orion has a 52-week low of $4.34 and a 52-week high of $11.20. The company has a 50-day simple moving average of $6.89 and a 200 day simple moving average of $6.56.

Orion (NYSE:OEC) last released its earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). Orion had a negative net margin of 4.98% and a positive return on equity of 2.23%. The company had revenue of $459.50 million during the quarter, compared to analysts’ expectations of $434.31 million. On average, research analysts predict that Orion will post 0.1 EPS for the current year.

Orion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Monday, July 6th will be issued a $0.0207 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.08 annualized dividend and a yield of 1.2%. Orion’s dividend payout ratio (DPR) is -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.