Orion S.A. (OEC) rating downgrades by JP Morgan


In a filing, Orion S.A. revealed its Chief Executive Officer Painter Corning F. acquired Company’s shares for reported $0.32 million on Aug 18. In the deal valued at $21.59 per share,15,000 shares were bought. As a result of this transaction, Painter Corning F. now holds 771,708 shares worth roughly $ 17.28 million.

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Then, Glajch Jeffrey bought 10,000 shares, generating $238,185 in total proceeds. Upon buying the shares at $23.82, the Chief Financial Officer now owns 60,666 shares.

Before that, Quinones Carlos bought 3,800 shares. Orion S.A. shares valued at $91,124 were divested by the Sr. VP Global Operations at a price of $23.98 per share. As a result of the transaction, Quinones Carlos now holds 52,335 shares, worth roughly $1.17 million.

JP Morgan downgraded its Orion S.A. [OEC] rating to a Neutral from a an Overweight in a research note published on Friday. PT values the company’s stock at a premium of 13.88 to its Friday closing price.

Price Performance Review of OEC

On Friday, Orion S.A. [NYSE:OEC] saw its stock jump 0.22% to $22.39. On the same session, the stock had its day’s lowest price of $22.25, but rose to a high of $22.71. Over the last five days, the stock has gained 2.38%. Orion S.A. shares have risen nearly 25.72% since the year began. Nevertheless, the stocks have risen 33.12% over the past one year. While a 52-week high of $26.91 was reached on 03/03/23, a 52-week low of $12.87 was recorded on 01/03/23. SMA at 50 days reached $21.90, while 200 days put it at $22.36. A total of 0.51 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For OEC Stock

The 24-hour chart illustrates a support level at 22.19, which if violated will result in even more drops to 21.99. On the upside, there is a resistance level at 22.65. A further resistance level may holdings at 22.91. The Relative Strength Index (RSI) on the 14-day chart is 53.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.56%. Stochastics %K at 25.99% indicates the stock is a holding.

How much short interest is there in Orion S.A.?

A steep rise in short interest was recorded in Orion S.A. stocks on Aug 30, 2023, growing by 52720.0 shares to a total of 0.54 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 0.49 million shares. There was a rise of 9.8%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.98% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.69.

Orion S.A. [OEC] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 3,404,524 shares, or roughly 5.82% of the outstanding OEC shares. In other words, the investor’s shares have fallen by -119,195 from its previous 13-F filing of 3523719.0. Additionally, Pzena Investment Management LLC decreased -12.79% of its stake after which the total value it holdings stand at $70,415,811, while T. Rowe Price Investment Manageme reduced -12.46% of its stake to hold $66.15 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 713,286 shares of Orion S.A., while William Blair Investment Manageme bought -638,293 shares. At present, Inherent Group LP is holding 2,159,334 shares valued at $48.84 million. Harvey Partners LLC owned 2,009,500 shares of the company at the time of its most recent 13F filing, worth $45.45 million.

According to FactSet, Orion S.A.’s share price will average $29.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 36.53 percent from its previous closing price of $22.34. Analysts expect Orion S.A. stock to reach the higher price of $35.00, while the lowest price estimate is $21.00. However, 6 analysts have rated OEC stock as a Buy in their predictions for 2023.


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