Orion (NYSE:OEC) Earns “Underperform” Rating from Mizuho

Orion (NYSE:OEC)‘s stock had its “underperform” rating restated by stock analysts at Mizuho in a research note issued on Friday, Marketbeat Ratings reports. They presently have a $9.00 price target on the specialty chemicals company’s stock. Mizuho’s price target indicates a potential downside of 3.33% from the company’s current price.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $9.00 target price (down from $10.00) on shares of Orion in a report on Monday, August 11th. Zacks Research raised shares of Orion to a “strong sell” rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $11.67.

Orion Stock Performance

Shares of NYSE OEC opened at $9.31 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.64 and a debt-to-equity ratio of 1.46. Orion has a 12 month low of $9.03 and a 12 month high of $19.48. The company has a 50 day simple moving average of $10.50 and a two-hundred day simple moving average of $11.36. The stock has a market cap of $522.76 million, a price-to-earnings ratio of 34.48 and a beta of 1.05.

Orion (NYSE:OEC) last announced its quarterly earnings data on Wednesday, August 6th. The specialty chemicals company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). The business had revenue of $466.40 million for the quarter, compared to analyst estimates of $475.77 million. Orion had a net margin of 0.82% and a return on equity of 16.67%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. As a group, analysts predict that Orion will post 1.73 earnings per share for the current year.

Institutional Investors Weigh In On Orion

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in Orion in the 1st quarter valued at $59,000. Exchange Traded Concepts LLC grew its stake in Orion by 1,256.0% in the 1st 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 stake in Orion by 831.7% in the 1st quarter. CWM LLC now owns 6,662 shares of the specialty chemicals company’s stock valued at $86,000 after acquiring an additional 5,947 shares during the period. Tower Research Capital LLC TRC grew its stake in Orion by 321.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,382 shares of the specialty chemicals company’s stock valued at $77,000 after acquiring an additional 5,632 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Orion in the 4th quarter valued at $159,000. 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.