Orion (NYSE:OEC – Get Free Report) had its price target reduced by equities research analysts at UBS Group from $6.50 to $5.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group‘s target price would suggest a potential upside of 25.19% from the stock’s previous close.
OEC has been the subject of a number of other reports. Jefferies Financial Group initiated coverage on shares of Orion in a research report on Friday, November 6th. They issued a “strong-buy” rating for the company. Zacks Research raised 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 report on Sunday, August 9th. Weiss Ratings lowered Orion from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday. Finally, JPMorgan Chase & Co. raised Orion from an “underweight” rating to a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.08.
View Our Latest Analysis on Orion
Orion Stock Performance
Orion stock traded down $0.19 during midday trading on Wednesday, hitting $3.99. The company’s stock had a trading volume of 314,401 shares, compared to its average volume of 583,044. Orion has a 1-year low of $3.91 and a 1-year high of $8.64. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.06 and a quick ratio of 0.65. The company has a 50-day moving average price of $5.59 and a two-hundred day moving average price of $6.32. The company has a market cap of $225.75 million, a price-to-earnings ratio of -6.89 and a beta of 1.05.
Orion (NYSE:OEC – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The specialty chemicals company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Orion had a negative net margin of 1.75% and a negative return on equity of 4.05%. The business had revenue of $472.80 million during the quarter, compared to the consensus estimate of $445.99 million. As a group, sell-side analysts predict that Orion will post -0.05 earnings per share for the current year.
Hedge Funds Weigh In On Orion
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in shares of Orion by 70.6% during the 2nd quarter. Allworth Financial LP now owns 4,235 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 1,753 shares during the period. Versant Capital Management Inc boosted its position in shares of Orion by 26.4% during the 2nd 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. Glenmede Trust Co. NA boosted its position in shares of Orion by 48.0% during the 1st quarter. Glenmede Trust Co. NA now owns 16,694 shares of the specialty chemicals company’s stock worth $109,000 after acquiring an additional 5,418 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new position in Orion in the second quarter valued at approximately $37,000. Finally, Ieq Capital LLC increased its stake in Orion by 3.0% in the third quarter. Ieq Capital LLC now owns 195,775 shares of the specialty chemicals company’s stock valued at $1,100,000 after acquiring an additional 5,674 shares during the last quarter. 94.33% of the stock is currently owned by institutional investors and hedge funds.
Orion Company Profile
Orion S.A., formerly known as Orion Engineered Carbons S.A., is a global specialty chemicals company that develops, manufactures and sells carbon-based products. Its portfolio includes specialty carbon black, high-performance carbon black, conductive additives and other carbon materials used in a range of industrial and consumer applications. The company’s products help provide color, conductivity, reinforcement, ultraviolet protection and other performance characteristics in products such as coatings, paints, printing inks, plastics, adhesives, sealants, batteries, tires and other rubber goods.
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