Orion S.A. (NYSE:OEC - Get Free Report) traded down 4.9% during mid-day trading on Thursday . The company traded as low as $11.34 and last traded at $11.35. 85,511 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 551,572 shares. The stock had previously closed at $11.93.
Analysts Set New Price Targets
OEC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. downgraded shares of Orion from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $18.00 to $12.00 in a report on Thursday, April 24th. UBS Group cut their price target on shares of Orion from $18.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, May 8th.
Check Out Our Latest Report on Orion
Orion Stock Performance
The firm has a market cap of $614.47 million, a P/E ratio of 14.56 and a beta of 1.10. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.71 and a current ratio of 1.24. The company's 50 day moving average is $11.43 and its 200 day moving average is $13.61.
Orion (NYSE:OEC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.31). Orion had a net margin of 2.35% and a return on equity of 20.94%. The business had revenue of $477.70 million during the quarter, compared to analyst estimates of $486.06 million. During the same quarter last year, the company posted $0.52 earnings per share. The company's revenue was down 5.0% compared to the same quarter last year. As a group, equities analysts predict that Orion S.A. will post 1.73 earnings per share for the current fiscal year.
Orion Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be issued a $0.0207 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, June 11th. Orion's payout ratio is 17.39%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Orion by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,857 shares of the specialty chemicals company's stock valued at $438,000 after purchasing an additional 1,097 shares in the last quarter. Inspire Investing LLC grew its stake in Orion by 4.9% during the first quarter. Inspire Investing LLC now owns 26,584 shares of the specialty chemicals company's stock valued at $344,000 after acquiring an additional 1,233 shares in the last quarter. MetLife Investment Management LLC grew its stake in Orion by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 35,294 shares of the specialty chemicals company's stock valued at $557,000 after acquiring an additional 1,954 shares in the last quarter. Rhumbline Advisers grew its stake in Orion by 2.9% during the fourth quarter. Rhumbline Advisers now owns 79,177 shares of the specialty chemicals company's stock valued at $1,250,000 after acquiring an additional 2,245 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Orion by 30.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,108 shares of the specialty chemicals company's stock valued at $169,000 after purchasing an additional 3,046 shares during the last quarter. 94.33% of the stock is owned by institutional investors.
About Orion
(
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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.
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