Orion Marine Group Director Sells $131,110 in Stock (ORN)
Orion Marine Group (NYSE:ORN) Director Austin J. Shanfelter unloaded 11,206 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $11.70, for a total value of $131,110.20. Following the transaction, the director now directly owns 8,349 shares in the company, valued at approximately $97,683. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Orion Marine Group (NYSE:ORN) traded down 1.15% during mid-day trading on Thursday, hitting $11.16. The stock had a trading volume of 69,395 shares. Orion Marine Group has a 1-year low of $9.20 and a 1-year high of $13.77. The stock has a 50-day moving average of $11.44 and a 200-day moving average of $11.62. The company has a market cap of $305.9 million and a P/E ratio of 289.49.
Orion Marine Group (NYSE:ORN) last announced its earnings results 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 $0.19 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $14.18.
Orion Marine Group, Inc (NYSE:ORN) is a marine specialty contractor serving the heavy civil marine infrastructure market.
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