Mizuho Raises Orion (NYSE:OEC) Price Target to $26.00

Orion (NYSE:OEC) had its price target raised by stock analysts at Mizuho from $25.00 to $26.00 in a report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. Mizuho’s price target would indicate a potential upside of 10.17% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. UBS Group dropped their target price on shares of Orion from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, January 11th. StockNews.com upgraded shares of Orion from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Orion Trading Down 2.6 %

OEC stock opened at $23.60 on Friday. The company has a market capitalization of $1.38 billion, a PE ratio of 13.64 and a beta of 1.62. Orion has a 12 month low of $19.32 and a 12 month high of $28.48. The firm’s 50-day moving average is $23.41 and its 200 day moving average is $23.48. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.47 and a quick ratio of 0.82.

Orion (NYSE:OEC) last issued its earnings results on Thursday, May 2nd. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.11). Orion had a return on equity of 21.25% and a net margin of 4.64%. The business had revenue of $502.90 million for the quarter, compared to the consensus estimate of $506.38 million. During the same quarter in the previous year, the company earned $0.74 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. On average, research analysts anticipate that Orion will post 2.15 EPS for the current year.

Institutional Trading of Orion

A number of institutional investors have recently made changes to their positions in OEC. Covestor Ltd raised its stake in Orion by 9.3% in the third quarter. Covestor Ltd now owns 5,706 shares of the specialty chemicals company’s stock valued at $121,000 after buying an additional 485 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Orion by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 13,229 shares of the specialty chemicals company’s stock valued at $282,000 after acquiring an additional 628 shares in the last quarter. Arizona State Retirement System raised its position in shares of Orion by 4.7% in the 3rd quarter. Arizona State Retirement System now owns 16,761 shares of the specialty chemicals company’s stock valued at $357,000 after purchasing an additional 756 shares during the last quarter. Bourgeon Capital Management LLC acquired a new stake in Orion in the 4th quarter worth approximately $28,000. Finally, Isthmus Partners LLC grew its position in Orion by 2.4% during the 4th quarter. Isthmus Partners LLC now owns 113,541 shares of the specialty chemicals company’s stock worth $3,148,000 after purchasing an additional 2,624 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.