Orion S.A. (OEC) Stock Price & Analysis
Orion S.A. (OEC) closed at USD 5.4 on Thursday, October 22, 2026, up 2.47% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 5.27; the Oct 22, 2026 session ranged USD 5.19–5.4 on volume of 361,597 shares. Market capitalization is $304.50M, with a 52-week range of USD 4.35–8.64 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/OEC.md
Key facts (OEC)
- Last four reported quarters (through Jun 30, 2026): revenue $1.82B, net income -$96.3M (-5.3% margin), free cash flow $25.5M (SEC filings).
- 2 of 80 tracked superinvestors hold OEC (13F, Q2 2026): 0 new, 1 added, 0 reduced, 1 unchanged.
- Analysts: Sell (mean 3.50 on a 1–5 scale) (4 analysts), mean target USD 6.31 (range 5–8.5).
- Total return with dividends: 1Y -5.2% vs S&P 500 +14.9%; 5Y -71.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.15, revenue estimate $446M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (OEC)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.55B | $2.03B | $1.89B | $1.88B | $1.81B | $1.82B |
| Gross profit | $387M | $449M | $451M | $429M | $360M | — |
| Operating income | $229M | $197M | $205M | $103M | $27.5M | -$3.1M |
| Net income | $135M | $106M | $104M | $44.2M | -$70.1M | -$96.3M |
| EPS (diluted) | $2.21 | $1.73 | $1.73 | $0.76 | -$1.24 | — |
| Free cash flow | -$69.5M | -$152M | $173M | -$81.4M | $54.8M | $25.5M |
| Gross margin | 25.0% | 22.1% | 23.8% | 22.8% | 19.9% | — |
| Operating margin | 14.8% | 9.7% | 10.8% | 5.5% | 1.5% | -0.2% |
| Net margin | 8.7% | 5.2% | 5.5% | 2.4% | -3.9% | -5.3% |
| Revenue growth | +36.1% | +31.3% | -6.7% | -0.9% | -3.8% | — |
| Cash + short-term investments | $65.7M | $60.8M | $37.5M | $44.2M | $60.7M | — |
| Total debt | $783M | $915M | $814M | $906M | $980M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (OEC)
P/S 0.2x · EV/EBITDA 9.7x · EV/Sales 0.7x · P/FCF 11.9x · P/B 0.8x · FCF yield 8.37% · Earnings yield -31.63% · Dividend yield (paid, TTM) 1.51% · Buyback yield (TTM) 0.26% · Net debt $959M · EV $1.26B
P/E at fiscal year-ends: Dec 2024 20.9x, Dec 2023 16.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (OEC)
2 of 80 tracked investors hold OEC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Richard Pzena | Pzena Investment Management | 0.09% | $31.6M | Added +3.7% |
| First Pacific Advisors | 0.03% | $2.8M | Unchanged |
Analysts (OEC)
Consensus Sell (mean 3.50 on a 1–5 scale), 4 analysts; mean target USD 6.31 (low 5, high 8.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-05 | UBS | Target lowered | Neutral | $8 → $6.5 |
| 2026-08-07 | UBS | Target raised | Neutral | $7.5 → $8 |
Total return (dividends reinvested) (OEC)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -5.2% | -71.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -5.2% | -21.9% |
| Volatility (annualized) | 64.1% | 48.5% |
| Max drawdown | -37.9% (Feb 2026→Mar 2026) | -83.1% (Dec 2023→Nov 2025) |
OEC revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Rubber | $316.1M | 63.1% | +2.5% |
| Specialties | $184.8M | 36.9% | +16.9% |
| Total revenue | $500.9M | 100% | — |
OEC revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| EMEA | $794.9M | 44.0% | -4.4% |
| Americas | $607.3M | 33.6% | -2.4% |
| United States | $407.7M | 22.6% | -5.2% |
| Asia Pacific | $404.5M | 22.4% | -4.5% |
| Rest Of EMEA | $316.8M | 17.5% | -8.8% |
| China Working Capital Loans (capacity $18.0 million) | $184.2M | 10.2% | -1.5% |
| Germany | $165.4M | 9.2% | -1.7% |
| Brazil | $157.7M | 8.7% | +8.4% |
| Korea Working Capital Loans (capacity $46.7 million) | $128.9M | 7.1% | -1.2% |
| Rest Of Asia | $91.4M | 5.1% | -13.8% |
| Italy | $82.1M | 4.5% | -1.8% |
| Czechia | $74.3M | 4.1% | +28.8% |
| Poland | $56.3M | 3.1% | +2.9% |
| South Africa | $52.4M | 2.9% | -21.6% |
| Spain | $47.6M | 2.6% | -10.7% |
| Rest Of America | $41.9M | 2.3% | -10.9% |
| Total revenue | $1.81B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
OEC suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | SAP (SAP) | “Information technology systems failures, particularly in connection with running SAP, including risks associated with upgrading or timely updating our systems, network disruptions, misuse, cybercrime and breaches of data security, have occurred in the past, and if they occur in the future, could disrupt our production as well as our operations by impeding our processing of transactions, our ability to protect cust…” |
Quoted from the company's 10-K filed Feb 17, 2026.
OEC company outlook (results filed Aug 5, 2026)
- “Outlook "We are focused on what we can control amid the current volatile geopolitical macro environment and are comfortable reaffirming our 2026 Adjusted EBITDA guidance range of $170 to $210 million.”
- “Additionally, considering our successful efforts around working capital along with the expected easing of global oil prices in the second half, we are increasing our full year free cash flow guidance range to a free cash outflow of $10 million to a positive free cash flow of $20 million.”
- “This is a $43 million improvement, at the midpoint, compared to our prior guidance," Painter concluded. - 3 - ORION S.A.”
Quoted word-for-word from the SEC 8-K results press release.
OEC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.15 | $0.11 | +27.1% | $446.0M | 2 |
| Next quarter (ends Dec 2026) | $-0.03 | $-0.00 | +3405.3% | $403.1M | 2 |
| Current fiscal year (ends Dec 2026) | $0.17 | $0.18 | -8.5% | $1.81B | 3 |
| Next fiscal year (ends Dec 2027) | $0.33 | $0.38 | -11.7% | $1.80B | 4 |
OEC options: expected move
Options price a move of about ±21.8% (±$1.18) by Jan 15, 2027, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±11% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Jan 15, 2027 | 84 | 54.4% | ±21.8% |
30-day implied volatility 73.9% vs 29.8% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:23 UTC)
| Price | USD 5.4 |
|---|---|
| Change | ▲ 2.47% (up) |
| Previous Close | USD 5.27 |
| Open | USD 5.25 |
| Day Range | USD 5.19 – 5.4 |
| 52-Week Range | USD 4.35 – 8.64 |
| Volume | 361,597 shares |
| Market Cap | $304.50M |
| Exchange | NYQ |
Technical Analysis (OEC)
Nexqual's technical model rates OEC "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:23 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 37.53 (neutral) |
| vs SMA50 | Below (USD 5.88) |
| MACD | -0.16 (negative) |
Analyst Ratings (OEC)
Wall Street analysts rate OEC "Sell" based on 4 analysts, with a mean price target of USD 6.31 (range USD 5–8.5), per Nexqual as of October 23, 2026 at 09:23 UTC.
| Consensus Rating | Sell |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 6.31 |
| High Target | USD 8.5 |
| Low Target | USD 5 |
| Buy / Hold / Sell | 1 / 1 / 2 |
Earnings (OEC)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.15 |
| Revenue Estimate | $445.96M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.14 vs est 0.15 ▼ miss |
| 2026-03-31 | USD -0.11 vs est 0.09 ▼ miss |
| 2025-12-31 | USD -0.34 vs est -0.08 ▼ miss |
| 2025-09-30 | USD 0.29 vs est 0.25 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financials & Fundamentals (OEC)
| Total Revenue | $1.82B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +7.40% |
| Gross Margin | +18.40% |
| Operating Margin | +4.25% |
| Profit Margin | -5.28% |
| ROE | -22.74% |
| Debt / Equity | 3.02 |
| Current Ratio | 1.03 |
| Total Cash | $50.80M |
| Total Debt | $1.15B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $25.50M (1.4% of revenue) |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financial Health Score (OEC)
Nexqual rates Orion S.A.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 09:23 UTC.
| Growth | Weak — Revenue -4% YoY (annual), declining |
|---|---|
| Profitability | Weak — Gross margin 18%, operating 4% (last 12 months) |
| Balance Sheet | Critical — $51M cash and investments vs $1.01B debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $26M (last 4 quarters to Jun 2026, SEC), slim 1.4% margin |
| Efficiency | Critical — ROE -23%, ROA 2.2% |
Ownership (OEC)
| Insider Ownership | +3.87% |
|---|---|
| Institutional Ownership | +96.11% |
| Shares Outstanding | 56.39M |
| Float | 51.28M |
| Short % of Float | +4.02% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Leadership (OEC)
Orion S.A. is led by Corning F. Painter, CEO & Executive Director, per Nexqual as of October 23, 2026 at 09:23 UTC.
| CEO & Executive Director | Corning F. Painter |
|---|---|
| Chief Financial Officer | Jonathan Puckett |
| Senior Vice President of Global Operations | Carlos J. Quinones |
| Chief Technology Officer | Natalia Scherbakoff |
| Vice President of Investor Relations | Christopher John Kapsch |
Major Backers & Investors (OEC)
Notable institutional backers of Orion S.A. include Pzena Investment Management LLC, Divisar Capital Management LLC, American Century Companies Inc, according to Nexqual as of October 23, 2026 at 09:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Pzena Investment Management LLC | 8.44% |
| Divisar Capital Management LLC | 5.99% |
| American Century Companies Inc | 5.67% |
| AQR Capital Management, LLC | 4.37% |
| Shaw D.E. & Co., Inc. | 3.88% |
| Invesco | 2.94% |
| Fuller & Thaler Asset Management Inc. | 2.91% |
| AIM Sector Funds (Invesco Sector Funds)-Invesco Small Cap Value Fund | 2.73% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 7.44% |
| Dimensional Fund Advisors | 3.49% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
From Orion S.A.'s Latest SEC 10-K Filing (filed 2026-02-17)
Key Strengths & Strategy (as disclosed to the SEC)
- Our integrated global management system with established standards and processes is based on the principles of the Responsible Care 14001 for Environmental, Health, Safety and Security Management System, International Organization for Standardization's ("ISO") 9001 Quality Management System, ISO 14001 Environmental Management Systems and ISO 45001 Safety Management Systems.
- We are one of the largest global producers of Specialty and Rubber Carbon Black.
- Competition—We are one of the largest global producers of Specialty Carbon Black.
- Competition—We are one of the leading global producers of Rubber Carbon Black.
Partnerships
- Success relies on close collaboration with customers, often through long-term R&D alliances which create superior technical interfaces.
Legal & Regulatory Risks (Item 1A, quoted)
- Our operations are subject to environmental, health and safety laws and regulations. We have been and may in the future be subject to investigations by regulatory authorities in respect of alleged violations and may incur significant costs to maintain compliance with, and to address liabilities under, these laws and regulations and respective litigation and proceedings.
- We are subject to extensive supranational, domestic, foreign, federal, state and local laws and regulations governing environmental protection and occupational health and safety, all of which may be subject to change in the future.
- Compliance with future more stringent environmental laws and regulations may result in significantly increased capital expenditures related to prevention and remediation.
- Compliance with current or future GHG regulations governing our operations may result in significantly increased capital and operating expenditures for measures such as the installation of more environmentally efficient technology or the purchase of allowances to emit GHGs.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BCPC | Balchem Corporation | USD 173.23 | ▲ 1.43% |
| SXT | Sensient Technologies Corporati | USD 130.94 | ▼ 0.95% |
| EMN | Eastman Chemical Company | USD 65.31 | ▲ 2.85% |
| AXTA | Axalta Coating Systems Ltd. | USD 35.05 | ▲ 0.2% |
| NEU | NewMarket Corp | USD 876.33 | ▼ 0.98% |
| WLK | Westlake Corporation | USD 64.14 | ▲ 5.42% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:23 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt