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

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

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

Orion Stock Up 1.4%

OEC stock opened at $6.36 on Friday. The stock has a market capitalization of $359.47 million, a P/E ratio of -3.68 and a beta of 1.00. The company has a current ratio of 1.03, a quick ratio of 0.64 and a debt-to-equity ratio of 1.72. Orion has a 12 month low of $4.34 and a 12 month high of $10.85. The firm has a 50-day moving average price of $6.49 and a 200-day moving average price of $6.57.

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

Orion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Monday, July 6th will be paid a $0.0207 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.08 annualized dividend and a dividend yield of 1.3%. Orion’s dividend payout ratio is currently -4.62%.

Institutional Investors Weigh In On Orion

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new position in Orion in the 2nd quarter valued at approximately $28,000. California State Teachers Retirement System raised its stake in shares of Orion by 70.7% during the second quarter. California State Teachers Retirement System now owns 5,125 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 2,122 shares during the last quarter. Keating Financial Advisory Services Inc. acquired a new position in shares of Orion during the second quarter worth $37,000. Legal & General Group Plc acquired a new position in shares of Orion during the second quarter worth $38,000. Finally, Quarry LP lifted its holdings in shares of Orion by 430.9% during the fourth quarter. Quarry LP now owns 5,861 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 4,757 shares during the period. 94.33% of the stock is currently owned by institutional investors and hedge funds.

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.