Orion S.A. (NYSE:OEC) Stock Has Average Target Price of $5.58

Orion S.A. (NYSE:OEC) has earned an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $5.08.

Several analysts recently commented on the company. Zacks Research upgraded Orion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Wall Street Zen raised Orion from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. upgraded Orion from an “underweight” rating to a “neutral” rating in a research report on Tuesday. Weiss Ratings lowered Orion from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday. Finally, UBS Group decreased their price target on Orion from $6.50 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday.

Orion Price Performance

NYSE OEC opened at $3.99 on Thursday. Orion has a 52 week low of $3.91 and a 52 week high of $8.64. The company has a current ratio of 1.06, a quick ratio of 0.65 and a debt-to-equity ratio of 1.64. The stock has a market cap of $225.74 million, a price-to-earnings ratio of -6.89 and a beta of 1.05. The company has a 50-day moving average price of $5.55 and a two-hundred day moving average price of $6.30.

Orion (NYSE:OEC) last announced its quarterly earnings results on Wednesday, November 4th. The specialty chemicals company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $472.80 million during the quarter, compared to analyst estimates of $445.99 million. Orion had a negative net margin of 1.75% and a negative return on equity of 4.05%. Analysts forecast that Orion will post 0.08 EPS for the current year.

Orion Dividend Announcement

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. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.08 annualized dividend and a yield of 2.1%. Orion’s dividend payout ratio is presently -13.79%.

Hedge Funds Weigh In On Orion

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pzena Investment Management LLC bought a new stake in shares of Orion during the 2nd quarter worth about $31,638,000. JB Capital Partners LP acquired a new stake in shares of Orion in the 2nd quarter worth approximately $2,214,350. BlackRock Inc. acquired a new stake in shares of Orion in the 2nd quarter worth approximately $27,898,000. Bank of New York Mellon Corp acquired a new stake in shares of Orion in the 2nd quarter worth approximately $1,163,000. Finally, Bank of America Corp DE bought a new position in shares of Orion in the second quarter valued at approximately $2,080,000. Institutional investors own 94.33% of the company’s stock.

About Orion

Orion S.A. is a global specialty chemicals company that manufactures carbon black, a fine carbon-based material used to add color and performance properties to products. Its offerings include specialty carbon black for applications such as coatings, printing inks, plastics and conductive materials, as well as rubber carbon black used in tires and other rubber products. The company serves customers across a range of industries and operates production facilities and commercial operations in the Americas, Europe, Africa and Asia.