Orion (NYSE:OEC) Issues Quarterly Earnings Results

Orion (NYSE:OEC) released its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.10, Zacks reports. Orion had a net margin of 1.67% and a return on equity of 18.97%.

Orion Stock Down 0.8 %

Shares of OEC traded down $0.12 during mid-day trading on Wednesday, hitting $14.70. The company’s stock had a trading volume of 508,113 shares, compared to its average volume of 417,836. The company’s 50-day moving average is $15.06 and its 200-day moving average is $16.45. Orion has a 52-week low of $13.32 and a 52-week high of $26.05. The firm has a market capitalization of $848.37 million, a price-to-earnings ratio of 27.73 and a beta of 1.50. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42.

Analyst Ratings Changes

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

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.