Orion S.A. (NYSE:OEC) Receives $5.92 Consensus PT from Analysts

Orion S.A. (NYSE:OEC) has received an average recommendation of “Strong Sell” from the five analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $5.9167.

OEC has been the topic of a number of analyst reports. Zacks Research cut shares of Orion from a “hold” rating to a “strong sell” rating in a research note on Monday. Weiss Ratings reiterated a “sell (d)” rating on shares of Orion in a research note on Tuesday, April 21st. Wall Street Zen raised Orion from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, UBS Group boosted their price objective on Orion from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Friday, May 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Medina Value Partners LLC grew its position in shares of Orion by 245.3% during the third quarter. Medina Value Partners LLC now owns 1,238,058 shares of the specialty chemicals company’s stock valued at $9,384,000 after purchasing an additional 879,479 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Orion by 361.3% in the fourth quarter. AQR Capital Management LLC now owns 874,279 shares of the specialty chemicals company’s stock worth $4,616,000 after buying an additional 684,749 shares in the last quarter. Verition Fund Management LLC boosted its stake in Orion by 190.0% during the third quarter. Verition Fund Management LLC now owns 582,141 shares of the specialty chemicals company’s stock valued at $4,413,000 after buying an additional 381,388 shares during the last quarter. CastleKnight Management LP boosted its stake in Orion by 376.2% during the fourth quarter. CastleKnight Management LP now owns 471,941 shares of the specialty chemicals company’s stock valued at $2,492,000 after buying an additional 372,841 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Orion during the 4th quarter valued at approximately $1,910,000. Institutional investors own 94.33% of the company’s stock.

Orion Price Performance

NYSE OEC opened at $5.29 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.62 and a debt-to-equity ratio of 1.75. Orion has a 12 month low of $4.34 and a 12 month high of $11.62. The stock has a market cap of $298.59 million, a price-to-earnings ratio of -3.31 and a beta of 1.00. The company’s 50 day moving average is $7.05 and its two-hundred day moving average is $6.42.

Orion (NYSE:OEC) last posted its quarterly earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The firm had revenue of $459.50 million during the quarter, compared to the consensus estimate of $434.31 million. Orion had a positive return on equity of 2.23% and a negative net margin of 4.98%. As a group, research analysts anticipate that Orion will post 0.1 earnings per share for the current year.

Orion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Monday, July 6th will be issued a $0.0207 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, July 6th. Orion’s payout ratio is currently -5.00%.

About Orion

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.