Orion S.A. (NYSE:OEC) Stock Has Average Target Price of $5.58

Orion S.A. (NYSE:OEC) has earned a consensus rating of “Strong Sell” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.58.

Several equities research analysts have recently weighed in on the stock. UBS Group decreased their price objective on shares of Orion from $8.00 to $6.50 and set a “neutral” rating for the company in a research report on Monday, October 5th. Zacks Research raised shares of Orion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of Orion from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Orion in a report on Friday, July 17th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Allworth Financial LP boosted its holdings in Orion by 70.6% in the second 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 in the last quarter. Versant Capital Management Inc increased its holdings in shares of Orion by 26.4% during the second quarter. Versant Capital Management Inc now owns 9,925 shares of the specialty chemicals company’s stock valued at $66,000 after acquiring an additional 2,072 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Orion by 48.0% during the first quarter. Glenmede Trust Co. NA now owns 16,694 shares of the specialty chemicals company’s stock valued at $109,000 after acquiring an additional 5,418 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new stake in shares of Orion during the second quarter valued at approximately $37,000. Finally, Legal & General Group Plc bought a new stake in shares of Orion during the second quarter valued at approximately $38,000. 94.33% of the stock is owned by institutional investors.

Orion Stock Performance

NYSE:OEC opened at $5.76 on Friday. The company has a 50 day simple moving average of $6.06 and a two-hundred day simple moving average of $6.62. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.03 and a quick ratio of 0.64. Orion has a fifty-two week low of $4.34 and a fifty-two week high of $8.64.

Orion (NYSE:OEC) last released 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 the consensus estimate of $474.43 million. Orion had a negative return on equity of 0.31% and a negative net margin of 5.28%. On average, analysts forecast that Orion will post 0.08 earnings per share for the current year.

Orion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 19th. Shareholders of record on Friday, December 11th will be issued a dividend of $0.0207 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, December 11th. Orion’s dividend payout ratio (DPR) is presently -4.62%.

About Orion

Orion SA (NYSE: OEC) is a specialty chemicals company that develops, manufactures and sells carbon-based products. Its portfolio includes specialty and high-performance carbon black, conductive additives and other engineered materials used in applications such as coatings, plastics, inks, adhesives, batteries, tires and rubber products.

The company serves customers across a range of industries, including automotive, transportation, construction, electronics, energy storage and consumer products.