Orion (NYSE:OEC) Given New $18.00 Price Target at JPMorgan Chase & Co.

Orion (NYSE:OEC) had its price objective dropped by investment analysts at JPMorgan Chase & Co. from $21.00 to $18.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 17.03% from the stock’s previous close.

Separately, UBS Group lowered their target price on shares of Orion from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday.

Orion Trading Up 1.5 %

NYSE:OEC traded up $0.23 on Friday, reaching $15.38. The stock had a trading volume of 100,034 shares, compared to its average volume of 426,278. Orion has a 12-month low of $13.32 and a 12-month high of $26.05. The company has a market cap of $887.79 million, a price-to-earnings ratio of 20.51 and a beta of 1.50. The firm’s fifty day moving average is $14.96 and its two-hundred day moving average is $16.43. 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 (NYSE:OEC) last announced its quarterly earnings data on Wednesday, February 19th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.10. The business had revenue of $434.20 million for 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 analysts expect that Orion will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC raised its stake in shares of Orion by 148.2% in the 3rd quarter. Jane Street Group LLC now owns 151,205 shares of the specialty chemicals company’s stock valued at $2,693,000 after acquiring an additional 90,292 shares during the period. Foundry Partners LLC acquired a new position in shares of Orion during the third quarter worth about $4,620,000. Victory Capital Management Inc. boosted its position in shares of Orion by 20.2% in the third quarter. Victory Capital Management Inc. now owns 1,179,181 shares of the specialty chemicals company’s stock worth $21,001,000 after buying an additional 198,182 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of Orion by 16.3% in the third quarter. Mutual of America Capital Management LLC now owns 377,198 shares of the specialty chemicals company’s stock valued at $6,718,000 after buying an additional 52,807 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Orion by 320.4% in the third quarter. Barclays PLC now owns 95,512 shares of the specialty chemicals company’s stock valued at $1,700,000 after buying an additional 72,793 shares in the last quarter. 94.33% of the stock is owned by institutional investors and hedge funds.

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.