Mizuho Has Lowered Expectations for Orion (NYSE:OEC) Stock Price

Orion (NYSE:OEC - Get Free Report) had its price target cut by Mizuho from $12.00 to $10.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the specialty chemicals company's stock. Mizuho's price objective would indicate a potential downside of 6.45% from the company's current price.

Other equities research analysts have also issued research reports about the stock. UBS Group dropped their price objective on shares of Orion from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. lowered shares of Orion from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $18.00 to $12.00 in a report on Thursday, April 24th.

Orion Stock Performance

OEC traded down $0.09 on Tuesday, reaching $10.69. The company had a trading volume of 425,201 shares, compared to its average volume of 567,572. Orion has a 1 year low of $9.59 and a 1 year high of $24.85. The stock has a market capitalization of $601.53 million, a PE ratio of 23.24 and a beta of 1.07. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 1.41. The stock has a 50-day moving average price of $10.92 and a 200-day moving average price of $12.58.

Orion (NYSE:OEC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.31). Orion had a return on equity of 17.66% and a net margin of 1.44%. The firm had revenue of $477.70 million for the quarter, compared to analyst estimates of $486.06 million. During the same quarter last year, the firm earned $0.52 earnings per share. The company's revenue was down 5.0% compared to the same quarter last year. As a group, research analysts forecast that Orion will post 1.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Orion

Several large investors have recently bought and sold shares of OEC. Quarry LP acquired a new position in Orion during the 1st quarter valued at about $59,000. Exchange Traded Concepts LLC increased its stake in Orion by 1,256.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 6,007 shares of the specialty chemicals company's stock valued at $78,000 after buying an additional 5,564 shares during the period. CWM LLC grew its stake in shares of Orion by 831.7% in the 1st quarter. CWM LLC now owns 6,662 shares of the specialty chemicals company's stock worth $86,000 after purchasing an additional 5,947 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Orion in the 1st quarter worth approximately $137,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Orion in the 4th quarter worth approximately $159,000. Institutional investors and hedge funds own 94.33% of the company's stock.

Orion Company Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of 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 batteries, polymers, and coatings.