Orion Marine Group Receives Average Rating of “Buy” from Brokerages (NYSE:ORN)
Orion Marine Group (NYSE:ORN) has received a consensus rating of “Buy” from the ten ratings firms that are currently covering the stock, AnalystRatingsNetwork reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $14.18.
Shares of Orion Marine Group (NYSE:ORN) traded up 1.35% during mid-day trading on Thursday, hitting $11.23. The stock had a trading volume of 7,829 shares. Orion Marine Group has a one year low of $9.20 and a one year high of $13.77. The stock’s 50-day moving average is $12.33 and its 200-day moving average is $11.71. The company has a market cap of $307.9 million and a P/E ratio of 284.10.
Orion Marine Group (NYSE:ORN) last released its earnings data on Thursday, May 1st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $81.30 million for the quarter, compared to the consensus estimate of $82.45 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts expect that Orion Marine Group will post $0.20 EPS for the current fiscal year.
A number of analysts have recently weighed in on ORN shares. Analysts at Davidson raised their price target on shares of Orion Marine Group from $12.00 to $13.00 in a research note on Friday, May 2nd. Separately, analysts at DA Davidson reiterated a “neutral” rating on shares of Orion Marine Group in a research note on Friday, May 2nd. They now have a $13.00 price target on the stock. Finally, analysts at DA Davidson reiterated a “neutral” rating on shares of Orion Marine Group in a research note on Friday, May 2nd. They now have a $13.00 price target on the stock.
Orion Marine Group, Inc (NYSE:ORN) is a marine specialty contractor serving the heavy civil marine infrastructure market.
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