Orion (NYSE:OEC – Get Free Report) is set to release its earnings data after the market closes on Wednesday, February 14th. Analysts expect Orion to post earnings of $0.38 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Orion Price Performance
NYSE:OEC opened at $23.80 on Tuesday. Orion has a 1-year low of $19.32 and a 1-year high of $28.48. The company has a current ratio of 1.51, a quick ratio of 0.90 and a debt-to-equity ratio of 1.37. The firm has a fifty day simple moving average of $24.71 and a 200 day simple moving average of $22.75. The stock has a market capitalization of $1.38 billion, a PE ratio of 12.86 and a beta of 1.64.
Hedge Funds Weigh In On Orion
Several institutional investors have recently added to or reduced their stakes in OEC. Dimensional Fund Advisors LP raised its position in shares of Orion by 21.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,390,266 shares of the specialty chemicals company’s stock worth $36,271,000 after purchasing an additional 245,981 shares during the period. State Street Corp grew its stake in shares of Orion by 2.1% during the 1st quarter. State Street Corp now owns 1,224,106 shares of the specialty chemicals company’s stock worth $19,574,000 after acquiring an additional 25,368 shares during the period. Geode Capital Management LLC grew its stake in shares of Orion by 3.8% during the 1st quarter. Geode Capital Management LLC now owns 1,080,859 shares of the specialty chemicals company’s stock worth $28,200,000 after acquiring an additional 40,012 shares during the period. Millennium Management LLC boosted its stake in Orion by 58.2% in the 2nd quarter. Millennium Management LLC now owns 1,067,704 shares of the specialty chemicals company’s stock worth $16,581,000 after purchasing an additional 392,781 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Orion by 17.1% in the 1st quarter. Invesco Ltd. now owns 828,485 shares of the specialty chemicals company’s stock valued at $13,230,000 after acquiring an additional 121,279 shares in the last quarter. 89.94% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Orion SA, together with its subsidiaries, manufactures and sells carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for polymers, coatings, and battery electrodes.
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