Orion S.A. (NYSE:OEC) Stock Has Consensus Price Target of $5.58 According to Brokerages

Key Points

• Analysts are broadly bearish on Orion: Five brokerages give the stock a consensus “Strong Sell” rating (three sells, two holds), with an average 12-month price target of $5.58.
• Quarterly earnings missed expectations: Orion reported EPS of $0.03 versus the $0.11 consensus, though revenue of $472.8 million exceeded the $446.0 million estimate.
• Orion announced a quarterly dividend of $0.0207 per share, equivalent to an annualized yield of about 1.4%; institutional investors own 94.33% of its shares.

Orion S.A. (NYSE:OEC - Get Free Report) has been assigned a consensus recommendation of "Strong Sell" from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $5.58.

OEC has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Orion from $8.00 to $6.50 and set a "neutral" rating for the company in a research note on Monday, October 5th. Wall Street Zen upgraded shares of Orion from a "sell" rating to a "hold" rating in a research report on Sunday, August 9th. Zacks Research raised Orion from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Orion in a research note on Thursday, October 15th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Pzena Investment Management LLC acquired a new position in shares of Orion in the 2nd quarter valued at $31,638,000. BlackRock Inc. acquired a new position in shares of Orion in the 2nd quarter valued at $27,898,000. Sei Investments Co. boosted its stake in shares of Orion by 80.3% during the 1st quarter. Sei Investments Co. now owns 413,968 shares of the specialty chemicals company's stock worth $2,691,000 after acquiring an additional 184,377 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Orion by 13.2% in the first quarter. Lazard Asset Management LLC now owns 409,592 shares of the specialty chemicals company's stock valued at $2,662,000 after buying an additional 47,902 shares in the last quarter. Finally, JB Capital Partners LP acquired a new position in Orion during the second quarter worth $2,214,350. 94.33% of the stock is owned by institutional investors.

Orion Price Performance

Shares of NYSE:OEC opened at $5.87 on Thursday. The business has a fifty day moving average price of $5.76 and a 200-day moving average price of $6.36. The company has a market capitalization of $331.51 million, a PE ratio of -3.39 and a beta of 1.05. Orion has a 1-year low of $4.34 and a 1-year high of $8.64. 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 (NYSE:OEC - Get Free Report) last announced its quarterly earnings results 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 5.28% and a negative return on equity of 0.31%. The business had revenue of $472.80 million for the quarter, compared to the consensus estimate of $445.99 million. As a group, equities analysts expect that Orion will post 0.08 EPS for the current fiscal year.

Orion Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, December 11th. Orion's dividend payout ratio is presently -4.62%.

Orion Company Profile

Orion SA, formerly known as Orion Engineered Carbons SA, 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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