Orion (NYSE:OEC - Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $21.00 to $18.00 in a report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the specialty chemicals company's stock.
Separately, UBS Group dropped their target price on shares of Orion from $23.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday, February 20th.
Get Our Latest Report on Orion
Orion Trading Down 0.4 %
Orion stock traded down $0.06 during mid-day trading on Friday, reaching $14.60. 1,225,519 shares of the company traded hands, compared to its average volume of 476,826. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.24 and a quick ratio of 0.71. Orion has a 52-week low of $13.32 and a 52-week high of $26.05. The firm has a market capitalization of $826.87 million, a price-to-earnings ratio of 19.46 and a beta of 1.50. The firm's 50 day moving average price is $14.86 and its 200 day moving average price is $16.38.
Orion (NYSE:OEC - Get Free Report) last released its earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.25 by $0.10. Orion had a return on equity of 20.94% and a net margin of 2.35%. The business had revenue of $434.20 million for the quarter, compared to the consensus estimate of $437.03 million. On average, analysts anticipate that Orion will post 1.73 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Orion
Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in Orion during the third quarter valued at approximately $27,000. Point72 DIFC Ltd boosted its stake in shares of Orion by 1,578.7% during the 3rd quarter. Point72 DIFC Ltd now owns 4,415 shares of the specialty chemicals company's stock worth $79,000 after acquiring an additional 4,152 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Orion by 1,112.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,624 shares of the specialty chemicals company's stock valued at $154,000 after acquiring an additional 7,913 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Orion in the 4th quarter worth $171,000. Finally, MQS Management LLC bought a new position in Orion in the 3rd quarter worth $190,000. Hedge funds and other institutional investors own 94.33% of the company's stock.
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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