Orion S.A. (NYSE:OEC – Get Free Report)’s share price traded down 3% on Thursday following a dissappointing earnings announcement. The stock traded as low as $22.54 and last traded at $22.54. 81,026 shares were traded during mid-day trading, a decline of 77% from the average session volume of 355,047 shares. The stock had previously closed at $23.23.
The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.21). The company had revenue of $468.20 million during the quarter, compared to the consensus estimate of $421.62 million. Orion had a return on equity of 25.96% and a net margin of 5.87%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS.
Analyst Ratings Changes
OEC has been the topic of a number of research reports. UBS Group decreased their target price on shares of Orion from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. StockNews.com lowered shares of Orion from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th.
Institutional Investors Weigh In On Orion
A number of institutional investors and hedge funds have recently made changes to their positions in OEC. Bourgeon Capital Management LLC bought a new stake in Orion in the 4th quarter worth about $28,000. Advisory Services Network LLC bought a new stake in Orion in the 1st quarter worth about $28,000. Tower Research Capital LLC TRC grew its position in Orion by 101.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,267 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 637 shares in the last quarter. Osaic Holdings Inc. grew its position in Orion by 1,770.6% in the 2nd quarter. Osaic Holdings Inc. now owns 1,590 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 1,505 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in Orion by 121.5% in the 3rd quarter. Lazard Asset Management LLC now owns 1,641 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 89.94% of the company’s stock.
Orion Stock Down 2.3 %
The company has a current ratio of 1.51, a quick ratio of 0.90 and a debt-to-equity ratio of 1.37. The stock’s 50-day simple moving average is $24.65 and its 200-day simple moving average is $22.77. The firm has a market capitalization of $1.32 billion, a P/E ratio of 12.55 and a beta of 1.64.
Orion Company Profile
Orion SA, together with its subsidiaries, manufactures and sells 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 polymers, coatings, and battery electrodes.