UBS Group Cuts Orion (NYSE:OEC) Price Target to $22.00

Orion (NYSE:OEC) had its price objective trimmed by UBS Group from $23.00 to $22.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the specialty chemicals company’s stock.

Separately, JPMorgan Chase & Co. raised shares of Orion from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $20.00 to $21.00 in a research report on Monday, November 11th.

Orion Stock Performance

Shares of OEC stock opened at $15.11 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.24 and a quick ratio of 0.71. The company’s fifty day moving average price is $14.91 and its two-hundred day moving average price is $16.42. The firm has a market capitalization of $872.03 million, a P/E ratio of 20.14 and a beta of 1.50. Orion has a 12 month low of $13.32 and a 12 month high of $26.05.

Orion (NYSE:OEC) last released its quarterly 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 analysts’ expectations of $437.03 million. On average, research analysts anticipate that Orion will post 1.73 earnings per share for the current fiscal year.

Institutional Trading of Orion

Several institutional investors and hedge funds have recently bought and sold shares of OEC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Orion by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,760 shares of the specialty chemicals company’s stock valued at $517,000 after acquiring an additional 1,164 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Orion by 11.4% in the third quarter. Meeder Asset Management Inc. now owns 13,637 shares of the specialty chemicals company’s stock worth $243,000 after purchasing an additional 1,396 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Orion during the third quarter valued at $27,000. Franklin Resources Inc. raised its holdings in shares of Orion by 3.2% during the third quarter. Franklin Resources Inc. now owns 57,672 shares of the specialty chemicals company’s stock worth $984,000 after purchasing an additional 1,775 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of Orion by 5.9% in the 4th quarter. MetLife Investment Management LLC now owns 35,294 shares of the specialty chemicals company’s stock worth $557,000 after buying an additional 1,954 shares during the last quarter. Institutional investors and hedge funds 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.