Orion (NYSE:OEC) Price Target Raised to $26.00

Orion (NYSE:OEC) had its price target raised by Mizuho from $25.00 to $26.00 in a research report released on Friday, Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

A number of other research firms also recently commented on OEC. StockNews.com raised shares of Orion from a hold rating to a buy rating in a report on Thursday, April 18th. UBS Group lowered their target price on Orion from $33.00 to $32.00 and set a buy rating on the stock in a report on Thursday, January 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $28.00.

Orion Stock Performance

Shares of OEC stock traded up $0.19 during trading hours on Friday, reaching $23.79. 497,727 shares of the company’s stock were exchanged, compared to its average volume of 380,016. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.45 and a quick ratio of 0.85. Orion has a 1 year low of $19.32 and a 1 year high of $28.48. The company has a market cap of $1.39 billion, a P/E ratio of 15.95 and a beta of 1.62. The company’s 50 day moving average is $23.41 and its two-hundred day moving average is $23.50.

Orion (NYSE:OEC) last released its quarterly earnings data on Thursday, May 2nd. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.11). The business had revenue of $502.90 million during the quarter, compared to analysts’ expectations of $506.38 million. Orion had a return on equity of 21.07% and a net margin of 4.64%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. Equities research analysts anticipate that Orion will post 2.15 EPS for the current fiscal year.

Orion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 11th will be paid a $0.021 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $0.08 annualized dividend and a yield of 0.35%. Orion’s payout ratio is currently 5.41%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Bourgeon Capital Management LLC purchased a new stake in Orion in the 4th quarter valued at about $28,000. Mendota Financial Group LLC purchased a new stake in Orion in the first quarter valued at approximately $104,000. Covestor Ltd increased its position in Orion by 9.3% during the third quarter. Covestor Ltd now owns 5,706 shares of the specialty chemicals company’s stock worth $121,000 after purchasing an additional 485 shares during the last quarter. Teza Capital Management LLC purchased a new stake in shares of Orion during the 3rd quarter valued at $208,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Orion during the 3rd quarter worth $214,000. Hedge funds and other institutional investors own 94.33% of the company’s stock.

About Orion

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.