Orion S.A. (NYSE:OEC) Receives $6.08 Average Target Price from Analysts

Orion S.A. (NYSE:OEC) has been assigned a consensus recommendation of “Strong Sell” from the five analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $6.0833.

OEC has been the topic of several recent research reports. UBS Group boosted their price objective on shares of Orion from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Orion from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings restated a “sell (d)” rating on shares of Orion in a research report on Friday, July 17th. Finally, Zacks Research upgraded shares of Orion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th.

Orion Stock Performance

Shares of OEC stock opened at $6.02 on Friday. The stock has a fifty day moving average price of $6.61 and a 200 day moving average price of $6.59. The stock has a market cap of $340.08 million, a PE ratio of -3.48 and a beta of 1.00. Orion has a 1 year low of $4.34 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.64 and a current ratio of 1.03.

Orion (NYSE:OEC) last posted its earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Orion had a negative net margin of 5.28% and a negative return on equity of 0.31%. The firm had revenue of $500.90 million during the quarter, compared to analyst estimates of $474.43 million. Sell-side analysts forecast that Orion will post 0.08 earnings per share for the current fiscal year.

Orion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Monday, July 6th will be paid a dividend of $0.0207 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, July 6th. Orion’s dividend payout ratio (DPR) is -4.62%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System grew its holdings in Orion by 70.7% during the 2nd quarter. California State Teachers Retirement System now owns 5,125 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 2,122 shares during the last quarter. AXQ Capital LP purchased a new position in Orion during the second quarter worth $128,000. Proficio Capital Partners LLC acquired a new position in shares of Orion in the second quarter worth $89,000. Public Employees Retirement System of Ohio acquired a new position in shares of Orion in the second quarter worth $301,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Orion in the second quarter valued at $78,000. 94.33% of the stock is currently owned by institutional investors and hedge funds.

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.