Orion (NYSE:OEC) Now Covered by Mizuho

Mizuho assumed coverage on shares of Orion (NYSE:OEC) in a report issued on Wednesday, Marketbeat reports. The firm set a “neutral” rating and a $25.00 price target on the specialty chemicals company’s stock. Mizuho’s price objective would indicate a potential upside of 6.29% from the stock’s current price.

A number of other analysts have also recently commented on OEC. StockNews.com cut shares of Orion from a “buy” rating to a “hold” rating in a report on Friday, March 15th. UBS Group lowered their price target on Orion from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, January 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.80.

Orion Trading Down 0.0 %

OEC stock opened at $23.52 on Wednesday. The company has a market capitalization of $1.36 billion, a PE ratio of 13.60 and a beta of 1.63. Orion has a one year low of $19.32 and a one year high of $28.48. The company’s 50 day moving average price is $22.84 and its two-hundred day moving average price is $22.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 1.47.

Orion (NYSE:OEC) last issued its earnings results on Thursday, February 15th. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.21). Orion had a return on equity of 24.45% and a net margin of 5.46%. The firm had revenue of $468.20 million during the quarter, compared to the consensus estimate of $421.62 million. During the same quarter in the prior year, the business posted $0.26 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, analysts predict that Orion will post 2.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orion

A number of large investors have recently made changes to their positions in OEC. Grizzlyrock Capital LLC bought a new stake in shares of Orion during the 4th quarter valued at about $23,586,000. Victory Capital Management Inc. grew its stake in shares of Orion by 1,355.0% during the 4th quarter. Victory Capital Management Inc. now owns 687,659 shares of the specialty chemicals company’s stock valued at $19,069,000 after acquiring an additional 640,398 shares during the period. Schroder Investment Management Group bought a new position in shares of Orion during the 4th quarter valued at approximately $17,174,000. EVR Research LP bought a new position in shares of Orion during the 1st quarter valued at approximately $9,104,000. Finally, Millennium Management LLC grew its stake in shares of Orion by 58.2% during the 2nd quarter. Millennium Management LLC now owns 1,067,704 shares of the specialty chemicals company’s stock valued at $16,581,000 after acquiring an additional 392,781 shares during the period. 94.33% of the stock is currently owned by institutional investors.

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.