OEC Stock Summary and Trading Ideas (Orion S.A. Common Shares | NYSE:OEC)

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.

Orion S.A. Common Shares trades on the NYSE stock market under the symbol OEC.

As of April 23, 2024, OEC stock price climbed to $23.94 with 261,845 million shares trading.

OEC has a beta of 0.98, meaning it tends to be less sensitive to market movements. OEC has a correlation of 0.15 to the broad based SPY ETF.

OEC has a market cap of $1.39 billion. This is considered a Small Cap stock.

Last quarter Orion S.A. Common Shares reported $468 million in Revenue and $.17 earnings per share. This beat revenue expectation by $47 million and missed earnings estimates by -$.16.

In the last 3 years, OEC stock traded as high as $28.48 and as low as $12.87.

The top ETF exchange traded funds that OEC belongs to (by Net Assets): IWM, AVUV, VXF, IWO, FNDA.

OEC has underperformed the market in the last year with a price return of -1.5% while the SPY ETF gained +24.3%. OEC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.5% and -2.9%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

OEC support price is $23.28 and resistance is $24.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OEC stock will trade within this expected range on the day.