Orion (NYSE:OEC) Rating Increased to Hold at Zacks Research

Orion (NYSE:OECGet Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Weiss Ratings restated a “sell (d)” rating on shares of Orion in a research report on Friday, July 17th. UBS Group lifted their price target on shares of Orion from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Orion from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Two analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Strong Sell” and an average target price of $5.92.

View Our Latest Report on Orion

Orion Stock Down 1.9%

NYSE OEC opened at $6.54 on Tuesday. The stock has a market capitalization of $368.51 million, a P/E ratio of -4.08 and a beta of 1.00. Orion has a 52 week low of $4.34 and a 52 week high of $11.20. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.62 and a current ratio of 1.00. The stock has a fifty day moving average of $6.86 and a 200-day moving average of $6.57.

Orion (NYSE:OECGet Free Report) last issued 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 firm had revenue of $500.90 million for the quarter, compared to analyst estimates of $474.43 million. Orion had a negative net margin of 4.98% and a positive return on equity of 2.23%. On average, equities research analysts forecast that Orion will post 0.1 EPS for the current year.

Institutional Trading of Orion

Hedge funds have recently modified their holdings of the company. Quarry LP boosted its position 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 in the last quarter. Tower Research Capital LLC TRC grew its stake in Orion by 321.8% in the second quarter. Tower Research Capital LLC TRC now owns 7,382 shares of the specialty chemicals company’s stock valued at $77,000 after acquiring an additional 5,632 shares during the period. Performa Ltd US LLC grew its stake in Orion by 690.0% in the fourth quarter. Performa Ltd US LLC now owns 7,900 shares of the specialty chemicals company’s stock valued at $42,000 after acquiring an additional 6,900 shares during the period. Blue Trust Inc. bought a new stake in shares of Orion in the first quarter worth about $55,000. Finally, Versant Capital Management Inc increased its holdings in shares of Orion by 26.4% in the second quarter. Versant Capital Management Inc now owns 9,925 shares of the specialty chemicals company’s stock worth $66,000 after acquiring an additional 2,072 shares in the last quarter. 94.33% of the stock is currently owned by institutional investors and hedge funds.

Orion Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Orion (NYSE:OEC)

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