Orion Marine Group Upgraded by CJS Securities to “Outperform” (ORN)
Orion Marine Group (NYSE:ORN) was upgraded by CJS Securities to an “outperform” rating in a research note issued on Thursday, Stock Ratings Network reports.
Orion Marine Group (NYSE:ORN) last announced its earnings results on Thursday, October 31st. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.03. The company had revenue of $89.00 million for the quarter, compared to the consensus estimate of $83.44 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Orion Marine Group from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 19th. They now have a $11.80 price target on the stock. Analysts at Imperial Capital raised their price target on shares of Orion Marine Group from $12.00 to $14.00 in a research note to investors on Friday, November 1st. They now have an “in-line” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.70.
Orion Marine Group, Inc (NYSE:ORN) is a marine specialty contractor serving the heavy civil marine infrastructure market.
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