Orion (NYSE:OEC) Price Target Raised to $26.00 at Mizuho

Orion (NYSE:OEC - Get Free Report) had its target price upped by equities research analysts at Mizuho from $25.00 to $26.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a "neutral" rating on the specialty chemicals company's stock. Mizuho's target price indicates a potential upside of 10.17% from the company's previous close.

A number of other brokerages also recently issued reports on OEC. UBS Group lowered their price target on Orion from $33.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, January 11th. StockNews.com raised Orion from a "hold" rating to a "buy" rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $28.00.

Orion Price Performance

OEC stock traded down $0.64 during mid-day trading on Friday, reaching $23.60. 592,585 shares of the company's stock were exchanged, compared to its average volume of 380,185. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 13.64 and a beta of 1.62. The stock's 50 day moving average is $23.40 and its 200 day moving average is $23.44. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.47 and a quick ratio of 0.82. Orion has a 12-month low of $19.32 and a 12-month high of $28.48.

Orion (NYSE:OEC - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.11). The business had revenue of $502.90 million for the quarter, compared to analysts' expectations of $506.38 million. Orion had a return on equity of 24.45% and a net margin of 5.46%. The business's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 EPS. On average, research analysts expect that Orion will post 2.15 EPS for the current year.

Hedge Funds Weigh In On Orion

Hedge funds have recently made changes to their positions in the company. Bourgeon Capital Management LLC acquired a new stake in shares of Orion in the fourth quarter valued at approximately $28,000. Mendota Financial Group LLC acquired a new stake in shares of Orion in the first quarter valued at approximately $104,000. Covestor Ltd increased its holdings in shares of Orion by 9.3% in the third quarter. Covestor Ltd now owns 5,706 shares of the specialty chemicals company's stock valued at $121,000 after purchasing an additional 485 shares during the last quarter. HBK Sorce Advisory LLC acquired a new stake in shares of Orion in the fourth quarter valued at approximately $247,000. Finally, Teza Capital Management LLC acquired a new stake in shares of Orion in the third quarter valued at approximately $208,000. 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.