Orion S.A. (NYSE:OEC) Receives Consensus Rating of “Strong Sell” from Brokerages

Orion S.A. (NYSE:OECGet Free Report) has earned a consensus recommendation of “Strong Sell” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation and one has assigned a hold recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $5.9167.

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

Check Out Our Latest Stock Report on OEC

Orion Price Performance

OEC opened at $6.85 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 1.75. The company’s 50-day moving average price is $6.88 and its 200 day moving average price is $6.57. Orion has a fifty-two week low of $4.34 and a fifty-two week high of $11.20. The firm has a market cap of $386.05 million, a price-to-earnings ratio of -4.28 and a beta of 1.00.

Orion (NYSE:OECGet Free Report) last issued its earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The company had revenue of $459.50 million during the quarter, compared to analyst estimates of $434.31 million. Orion had a negative net margin of 4.98% and a positive return on equity of 2.23%. As a group, sell-side analysts expect that Orion will post 0.1 earnings per share for the current year.

Orion Announces Dividend

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 given a $0.0207 dividend. The ex-dividend date is Monday, July 6th. This represents a $0.08 annualized dividend and a yield of 1.2%. Orion’s dividend payout ratio (DPR) is currently -5.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Orion by 3.3% in the first 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 last quarter. MetLife Investment Management LLC lifted its stake in Orion by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 30,641 shares of the specialty chemicals company’s stock valued at $162,000 after acquiring an additional 1,680 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Orion by 16.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,340 shares of the specialty chemicals company’s stock valued at $65,000 after acquiring an additional 1,742 shares during the last quarter. Versant Capital Management Inc grew its position in 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. Finally, Rhumbline Advisers grew its position in Orion by 2.8% in the second quarter. Rhumbline Advisers now owns 85,855 shares of the specialty chemicals company’s stock worth $901,000 after acquiring an additional 2,344 shares in the last quarter. Institutional investors own 94.33% of the company’s stock.

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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