Mizuho Lowers Orion (NYSE:OEC) Price Target to $10.00

Orion (NYSE:OEC) had its price target cut by equities researchers at Mizuho from $12.00 to $10.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. Mizuho’s price target indicates a potential downside of 6.26% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. UBS Group lowered their price target on shares of Orion from $18.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. downgraded Orion from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $12.00 in a research note on Thursday, April 24th.

Orion Trading Up 0.5%

Shares of OEC opened at $10.67 on Tuesday. Orion has a 12 month low of $9.59 and a 12 month high of $24.85. The stock’s 50-day moving average is $10.91 and its two-hundred day moving average is $12.61. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.14 and a quick ratio of 0.65. The stock has a market cap of $600.29 million, a PE ratio of 23.19 and a beta of 1.07.

Orion (NYSE:OEC) last announced its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.31). The company had revenue of $477.70 million for the quarter, compared to analysts’ expectations of $486.06 million. Orion had a net margin of 1.44% and a return on equity of 17.66%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. Equities analysts forecast that Orion will post 1.73 earnings per share for the current fiscal year.

Institutional Trading of Orion

Several institutional investors have recently added to or reduced their stakes in OEC. Quarry LP bought a new stake in shares of Orion during the 1st quarter valued at about $59,000. Exchange Traded Concepts LLC boosted its stake in Orion by 1,256.0% in the first quarter. Exchange Traded Concepts LLC now owns 6,007 shares of the specialty chemicals company’s stock valued at $78,000 after acquiring an additional 5,564 shares during the period. CWM LLC grew its holdings in shares of Orion by 831.7% during the first quarter. CWM LLC now owns 6,662 shares of the specialty chemicals company’s stock valued at $86,000 after purchasing an additional 5,947 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Orion during the 1st quarter worth approximately $137,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Orion in the 4th quarter worth approximately $159,000. Institutional investors own 94.33% of the company’s stock.

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.