Orion Marine Group CFO Mark Stauffer Sells 25,000 Shares (ORN)
Orion Marine Group (NYSE:ORN) CFO Mark Stauffer sold 25,000 shares of Orion Marine Group stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $9.49, for a total transaction of $237,250.00. Following the sale, the chief financial officer now directly owns 156,037 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ORN shares. Analysts at FBR Capital Markets cut their price target on shares of Orion Marine Group (NYSE:ORN) from $15.00 to $14.00 in a research note to investors on Wednesday, August 7th. They now have an “outperform” rating on the stock. Separately, analysts at Imperial Capital cut their price target on shares of Orion Marine Group (NYSE:ORN) from $13.00 to $12.50 in a research note to investors on Friday, August 2nd. They now have an “in-line” rating on the stock. Finally, analysts at Stephens downgraded shares of Orion Marine Group (NYSE:ORN) from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, August 2nd.
Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Orion Marine Group presently has a consensus rating of “Hold” and an average price target of $13.80.
Orion Marine Group (NYSE:ORN) traded down 0.74% on Friday, hitting $9.35. The stock had a trading volume of 224,527 shares. Orion Marine Group has a 52-week low of $6.05 and a 52-week high of $13.52. The stock’s 50-day moving average is $10.48 and its 200-day moving average is $10.77. The company’s market cap is $255.4 million.
Orion Marine Group (NYSE:ORN) last released its earnings data on Thursday, August 1st. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.01. The company had revenue of $84.10 million for the quarter, compared to the consensus estimate of $83.11 million. During the same quarter last year, the company posted ($0.20) earnings per share. Orion Marine Group’s revenue was up 25.2% compared to the same quarter last year. Analysts expect that Orion Marine Group will post $0.05 EPS for the current fiscal year.
Orion Marine Group, Inc (NYSE:ORN) is a marine specialty contractor serving the heavy civil marine infrastructure market.
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