Orion (NYSE:OEC) Stock, Quote.Headers.trade-ideas

Orion

Orion Engineered Carbons

Orion SA is a manufacturer of carbon black products. Carbon black is a powdered form of carbon used to create the desired physical, electrical and optical qualities of various materials. The company's operating segments are Specialty Carbon Black and Rubber Carbon Black. It generates maximum revenue from the Rubber Carbon Black segment. Rubber Carbon Black segment is used in the reinforcement of rubber in tires and mechanical rubber goods. The Specialty Carbon Black segment is used as pigments and performance additives in coatings, polymers, printing, and special applications. Geographically, it derives a majority of its revenue from Germany.

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Orion S.A. (NYSE: OEC) recently broke ground on a plant in Texas that will be the sole facility in the United States producing acetylene-based conductive additives for lithium-ion batteries and other applications critical to the global transition to electrification.


Orion Breaks Ground on Texas Battery Materials Plant

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Orion SA

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Orion Signs Supply Agreement With Contec For Tire Pyrolysis Oil; Terms Not Disclosed

"Overall, based on factors within Orion's control and despite the strengthening FX headwind, we continue to expect modest growth in 2025, building upon the structurally improved returns our company has generated over the past several years," the company said.

Orion Says Commenced An Initiative In Q4 To Reduce Its Non-plant Workforce By ~6% And Expects To Realize $6M In Annualized Cost Savings In 2025

Weaker than anticipated Rubber segment volumes late in the fourth quarter and slightly less favorable Specialty segment mix were also factors and would have positioned the company at the lower end of guidance, excluding the items.

Guidance

Orion Now Expects 2024 Adjusted EBITDA To Be Nominally Below Guidance Range Of $305M - $315M, Due Primarily To Foreign Exchange Translation Impacts

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Orion S.A. shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $20 to $21.

JP Morgan analyst Jeffrey Zekauskas upgrades Orion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OEC#NYSE">OEC</a>) from Neutral to Overweight and raises the price target from $20 to $21.

Upgrades

Price Target

Analyst Ratings

JP Morgan Upgrades Orion to Overweight, Raises Price Target to $21

Orion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OEC#NYSE">OEC</a>) reported quarterly earnings of $0.47 per share which met the analyst consensus estimate. The company reported quarterly sales of $463.400 million which missed the analyst consensus estimate of $480.665 million by 3.59 percent. This is a 0.60 percent decrease over sales of $466.200 million the same period last year.

Earnings

Earnings Misses

Orion Q3 2024 Adj. EPS $0.47, Inline, Sales $463.400M Miss $480.665M Estimate

Orion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OEC#NYSE">OEC</a>) lowers FY2024 Adj EPS guidance from $1.75-1.95 to $1.65-1.75 vs $1.82 analyst estimate..

Orion Lowers FY2024 Adj EPS Guidance from $1.75-1.95 to $1.65-1.75 vs $1.82 Est

Retail Sales

Orion S.A Announced That It Is Raising Prices For All Its Specialty Carbon Black Grades Made In Europe As Well As For NEROX Which Is Made In South Korea

On August 9, Corning F Painter, Chief Executive Officer at Orion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OEC#NYSE">OEC</a>) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: In a recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001609804/000095014224002152//Archives/edgar/data/1609804/000095014224002152/0000950142-24-002152-index.htm">U.S. Securities and Exchange Commission</a> on Friday, Painter increased their investment in Orion by purchasing 20,000 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $349,670.
The latest update on Friday morning shows Orion shares up by 1.1%, trading at $18.41.
<h3>All You Need to Know About Orion</h3>
Orion SA is a manufacturer of carbon black products. Carbon black is a powdered form of carbon used to create the desired physical, electrical and optical qualities of various materials. The company's operating segments are Specialty Carbon Black and Rubber Carbon Black. It generates maximum revenue from the Rubber Carbon Black segment. Rubber Carbon Black segment is used in the reinforcement of rubber in tires and mechanical rubber goods. The Specialty Carbon Black segment is used as pigments and performance additives in coatings, polymers, printing, and special applications. Geographically, it derives a majority of its revenue from Germany.
<h3>Understanding the Numbers: Orion's Finances</h3>
Revenue Growth: Orion displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 3.97%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Materials sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 23.02%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Orion exhibits below-average bottom-line performance with a current EPS of 0.35.
</li>
</ul>
Debt Management: Orion's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.66, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Orion's P/E ratio of 13.69 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.57 is lower than the industry average, implying a discounted valuation for Orion's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 6.4 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Exploring Key Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001609804">Check Out The Full List Of Orion's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Orion Insider Trades SendAa Signal

JP Morgan analyst Jeffrey Zekauskas maintains Orion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OEC#NYSE">OEC</a>) with a Neutral and lowers the price target from $24 to $20.

JP Morgan Maintains Neutral on Orion, Lowers Price Target to $20

Orion S.A. shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY24 adjusted EPS guidance below estimates.

Orion Sees FY24 Adj. EPS $1.75-$1.95 Vs $2.15 Est.

Orion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OEC#NYSE">OEC</a>) reported quarterly earnings of $0.41 per share which missed the analyst consensus estimate of $0.56 by 26.79 percent. The company reported quarterly sales of $477.000 million which missed the analyst consensus estimate of $491.243 million by 2.90 percent. This is a 3.97 percent increase over sales of $458.800 million the same period last year.

Orion Q2 2024 Adj. EPS $0.41 Misses $0.56 Estimate, Sales $477.000M Miss $491.243M Estimate

Although U.S. stocks closed mostly higher on Wednesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Occidental Petroleum</h3>
<ul>
<li>The Trade: Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) 10% owner Warren E Buffett <a href="https://www.benzinga.com/quote/OXY/analyst-ratings">acquired a total of 1,750,308 shares</a> at an average price of $60.30. To acquire these shares, it cost around $105.6 million.</li>
<li>What's Happening: On May 24, Citigroup analyst Scott Gruber maintained Occidental Petroleum with a Neutral and lowered the price target from $69 to $65.</li>
<li>What Occidental Petroleum Does: Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East.</li>
</ul>
<h3 class="wp-block-heading">Orion</h3>
<ul>
<li>The Trade: Orion S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OEC#NYSE">OEC</a>) Sr. VP Global Operations Carlos Quinones acquired a total of 4,000 shares at an average price of $23.51. To acquire these shares, it cost around $94,040.</li>
<li>What's Happening: On May 2, Orion Engineered Carbons posted upbeat quarterly earnings.</li>
<li>What Orion Does: Orion SA is a manufacturer of carbon black products. Carbon black is a powdered form of carbon used to create the desired physical, electrical and optical qualities of various materials.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">HF Sinclair</h3>
<ul>
<li>The Trade: HF Sinclair Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DINO#NYSE">DINO</a>) Director Franklin Myers <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 2,000 shares</a> at an average price of $52.04. To acquire these shares, it cost around $104,080.</li>
<li>What's Happening: On June 6, Wells Fargo analyst Roger Read maintained HF Sinclair with an Overweight and lowered the price target from $76 to $75.</li>
<li>What HF Sinclair Does: HF Sinclair is an integrated petroleum refiner that owns and operates seven refineries serving the Rockies, midcontinent, Southwest, and Pacific Northwest, with a total crude oil throughput capacity of 678,000 barrels per day.</li>
</ul>
Read More: <a href="https://www.benzinga.com/top-stories/24/06/39290971/jim-cramer-likes-this-energy-stock-with-4-yield-recommends-buying-draftkings">Jim Cramer Likes This Energy Stock With 4% Yield, Recommends Buying DraftKings</a>

Mizuho analyst John Roberts maintains Orion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OEC#NYSE">OEC</a>) with a Neutral and raises the price target from $25 to $26.

Mizuho Maintains Neutral on Orion, Raises Price Target to $26

Orion S.A. Reiterates 2024 Adj. EBITDA Guidance Range $340M-$360M, Adj. EPS Range $2.05-$2.20 vs $2.16 Est.

Orion Engineered Carbons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OEC#NYSE">OEC</a>) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.48 by 8.33 percent. This is a 29.73 percent decrease over earnings of $0.74 per share from the same period last year. The company reported quarterly sales of $502.900 million which missed the analyst consensus estimate of $506.426 million by 0.70 percent. This is a 0.44 percent increase over sales of $500.700 million the same period last year.

Earnings Beats

Orion Engineered Carbons Q1 2024 Adj EPS $0.52 Beats $0.48 Estimate, Sales $502.900M Miss $506.426M Estimate

Orion S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oec#NYSE">OEC</a>) recently broke ground on a plant in Texas that will be the sole facility in the United States producing acetylene-based conductive additives for lithium-ion batteries and other applications critical to the global transition to electrification. 
The location in La Porte, southeast of Houston, will generate much high-skilled employment in construction and technological areas, as well as contribute breakthrough technology to the American economy. The battery additives manufactured by Orion&#39;s facility will be extremely clean, with one-tenth the carbon footprint of other regularly used materials. 
The plant in La Porte will be a critical step in increasing the regional supply of conductive additives in the rapidly expanding U.S. battery market. All batteries require conductive additives. They allow for a more efficient flow of electricity and improve the life of lithium-ion batteries, the most valuable component of electric vehicles. The material is also vital in high-voltage cables used in wind and solar farms. 
The additives manufactured at the La Porte plant will be made from acetylene, a colorless gas that Orion&#39;s manufacturing method converts into powder of the exceptional purity required by major battery manufacturers. Equistar Chemicals LP, a LyondellBasell subsidiary, will supply the acetylene from an adjacent site. 
Orion&#39;s facility in La Porte is similar to one located in Berre-l&#39;Etang, southern France. LyondellBasell supplies acetylene to the site as well. The LaPorte project&#39;s major equipment procurement and off-site fabrication are already well underway. Field construction works are speeding up, and the facility is anticipated to start operations in the second quarter of 2025. 
Shares of OEC have lost 3.4% over the past year compared with a 7.2% decline of its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6f/64862.jpg?v=212907768" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; Key Picks</h3>
OEC currently carries a Zacks Rank #5 (Strong Sell). 
Better-ranked stocks in the basic materials space include Denison Mines Corp. (AMEX:DNN), Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>) and Ecolab Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ecl#NYSE">ECL</a>). 
Denison Mines sports a Zacks Rank #1 (Strong Buy). DNN beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 300%. The company&#39;s shares have soared 112.6% in the past year. 
Carpenter Technology currently carries a Zacks Rank #2 (Buy). CRS beat the Zacks Consensus Estimate in three of the last four quarters while matching it once, with the average earnings surprise being 12.2%. The company&#39;s shares have soared 80.8%% in the past year. 
The Zacks Consensus Estimate for Ecolab current-year earnings is pegged at $6.43 per share, indicating a year-over-year rise of 23.4%. ECL, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.7%. The company&#39;s shares have rallied roughly 34.4% in the past year.
<a href="https://www.zacks.com/stock/news/2254227/orion-oec-breaks-ground-on-texas-battery-materials-plant?cid=CS-BENZ-FT-analyst_blog|company_news_-_corporate_actions-2254227">To read this article on Zacks.com click here.</a>

Mizuho analyst John Roberts initiates coverage on Orion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OEC#NYSE">OEC</a>) with a Neutral rating and announces Price Target of $25.

Initiation

Mizuho Initiates Coverage On Orion with Neutral Rating, Announces Price Target of $25

For full year 2024, the company sees an Adjusted EBITDA range of&nbsp;$340 million&nbsp;to&nbsp;$360 million, up&nbsp;5 percent&nbsp;at the midpoint, compared with 2023.

Orion Projects Full Year 2024 Adjusted EPS Of $2.05-$2.20 (Est $2.50)

Press Releases

Orion S.A. to Participate in Mizuho Industrials & Chemicals Conference

Orion S.A. to Participate in Jefferies and UBS Investor Conferences

Orion S.A. Declares Interim Quarterly Dividend

Orion S.A. Announces Third Quarter 2024 Earnings Release Date and Conference Call Information

Natalia Scherbakoff Joins Orion S.A. as Chief Technology Officer

Orion S.A. to Increase Prices for Certain Specialty Carbon Black Grades

Orion S.A. Reports Third Quarter 2024 Financial Results

Orion S.A. to Participate in Baird's Global Industrial Conference

Orion S.A. Announces Preliminary Full Year 2024 Update

Orion S.A. signs supply agreement for tire pyrolysis oil with Contec S.A.

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