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

Orion (NYSE:OEC) had its price objective decreased by research analysts at UBS Group from $23.00 to $22.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. UBS Group’s target price would suggest a potential upside of 45.62% from the company’s current price.

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

Orion Stock Performance

Shares of OEC stock opened at $15.11 on Thursday. The firm has a 50-day moving average of $14.96 and a 200-day moving average of $16.43. The company has a market cap of $872.03 million, a P/E ratio of 20.14 and a beta of 1.50. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.24 and a quick ratio of 0.71. Orion has a one year low of $13.32 and a one year high of $26.05.

Orion (NYSE:OEC) last announced its earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.25 by $0.10. The company had revenue of $434.20 million during the quarter, compared to the consensus estimate of $437.03 million. Orion had a net margin of 2.35% and a return on equity of 20.94%. Equities research analysts forecast that Orion will post 1.73 EPS for the current fiscal year.

Institutional Trading of Orion

A number of large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Orion in the third quarter worth about $27,000. Point72 DIFC Ltd increased its stake in shares of Orion by 1,578.7% in the third quarter. Point72 DIFC Ltd now owns 4,415 shares of the specialty chemicals company’s stock worth $79,000 after purchasing an additional 4,152 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Orion by 1,112.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,624 shares of the specialty chemicals company’s stock worth $154,000 after purchasing an additional 7,913 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Orion in the fourth quarter worth about $171,000. Finally, MQS Management LLC purchased a new position in shares of Orion in the third quarter worth about $190,000. Hedge funds and other 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.