UBS Group Issues Pessimistic Forecast for Orion (NYSE:OEC) Stock Price

Orion (NYSE:OEC - Free Report) had its price target cut by UBS Group from $23.00 to $22.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the specialty chemicals company's stock.

Separately, JPMorgan Chase & Co. upgraded Orion from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $20.00 to $21.00 in a research report on Monday, November 11th.

Orion Stock Performance

OEC traded down $0.42 during trading on Thursday, hitting $14.67. The stock had a trading volume of 555,856 shares, compared to its average volume of 447,265. Orion has a 12 month low of $13.32 and a 12 month high of $26.05. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42. The firm has a market cap of $830.89 million, a PE ratio of 19.55 and a beta of 1.50. The company has a 50 day simple moving average of $14.91 and a 200-day simple moving average of $16.40.

Orion (NYSE:OEC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.10. Orion had a net margin of 2.35% and a return on equity of 20.94%. The company had revenue of $434.20 million for the quarter, compared to analyst estimates of $437.03 million. Analysts expect that Orion will post 1.73 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC lifted its holdings in shares of Orion by 35.4% during the third quarter. Pzena Investment Management LLC now owns 3,647,985 shares of the specialty chemicals company's stock valued at $64,971,000 after acquiring an additional 954,398 shares during the period. William Blair Investment Management LLC boosted its position in Orion by 21.1% in the fourth quarter. William Blair Investment Management LLC now owns 3,461,950 shares of the specialty chemicals company's stock valued at $54,664,000 after buying an additional 602,080 shares in the last quarter. Brown Advisory Inc. grew its stake in Orion by 11.3% during the fourth quarter. Brown Advisory Inc. now owns 2,617,287 shares of the specialty chemicals company's stock worth $41,327,000 after buying an additional 265,184 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Orion by 11.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,186,942 shares of the specialty chemicals company's stock valued at $34,529,000 after purchasing an additional 233,342 shares during the last quarter. Finally, Minneapolis Portfolio Management Group LLC lifted its position in Orion by 20.0% during the 4th quarter. Minneapolis Portfolio Management Group LLC now owns 1,922,698 shares of the specialty chemicals company's stock worth $30,359,000 after buying an additional 320,157 shares in the last quarter. Institutional investors own 94.33% of the company's stock.

About Orion

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.