Orion S.A. (NYSE:OEC) Stock Has Average Target Price of $5.58

Shares of Orion S.A. (NYSE:OEC) have earned an average recommendation of “Strong Sell” from the five brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $5.58.

A number of analysts recently issued reports on the company. Wall Street Zen raised Orion from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Zacks Research upgraded Orion from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Orion in a research report on Thursday. Finally, UBS Group decreased their price target on Orion from $8.00 to $6.50 and set a “neutral” rating for the company in a research note on Monday, October 5th.

Institutional Investors Weigh In On Orion

Large investors have recently made changes to their positions in the stock. Allworth Financial LP acquired a new position in Orion during the second quarter worth $28,000. Keating Financial Advisory Services Inc. bought a new stake in Orion during the second quarter worth $37,000. Legal & General Group Plc bought a new stake in Orion during the second quarter worth $38,000. Blue Trust Inc. acquired a new stake in Orion in the first quarter valued at $55,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Orion in the second quarter valued at $64,000. Institutional investors and hedge funds own 94.33% of the company’s stock.

Orion Stock Performance

Orion stock opened at $5.62 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.03 and a debt-to-equity ratio of 1.72. Orion has a 1-year low of $4.34 and a 1-year high of $8.64. The company has a fifty day simple moving average of $6.01 and a 200 day simple moving average of $6.61.

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

Orion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 19th. Stockholders of record on Friday, December 11th will be paid a dividend of $0.0207 per share. The ex-dividend date is Friday, December 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.5%. Orion’s dividend payout ratio is currently -4.62%.

About Orion

Orion SA (NYSE: OEC) is a specialty chemicals company that develops, manufactures and sells carbon-based products. Its portfolio includes specialty and high-performance carbon black, conductive additives and other engineered materials used in applications such as coatings, plastics, inks, adhesives, batteries, tires and rubber products.

The company serves customers across a range of industries, including automotive, transportation, construction, electronics, energy storage and consumer products.