Orion (OEC) Set to Announce Quarterly Earnings on Thursday

Orion (NYSE:OEC) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Orion Price Performance

NYSE OEC opened at $15.18 on Tuesday. Orion has a twelve month low of $14.94 and a twelve month high of $28.48. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.80 and a current ratio of 1.39. The stock has a market capitalization of $885.90 million, a PE ratio of 11.50 and a beta of 1.48. The stock has a 50-day simple moving average of $16.81 and a 200 day simple moving average of $20.48.

Orion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Friday, December 13th will be given a dividend of $0.021 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, December 13th. This is a boost from Orion’s previous quarterly dividend of $0.02. Orion’s payout ratio is currently 6.06%.

Analysts Set New Price Targets

OEC has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Orion from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. StockNews.com cut Orion from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th.

Insider Buying and Selling at Orion

In other news, CEO Corning F. Painter purchased 10,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was purchased at an average price of $17.69 per share, with a total value of $176,900.00. Following the acquisition, the chief executive officer now directly owns 958,776 shares in the company, valued at approximately $16,960,747.44. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Corning F. Painter bought 20,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of $17.48 per share, with a total value of $349,600.00. Following the acquisition, the chief executive officer now owns 948,776 shares in the company, valued at approximately $16,584,604.48. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Corning F. Painter bought 10,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was bought at an average cost of $17.69 per share, with a total value of $176,900.00. Following the completion of the acquisition, the chief executive officer now owns 958,776 shares in the company, valued at $16,960,747.44. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 47,500 shares of company stock valued at $845,225 in the last quarter. Corporate insiders own 2.20% 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.