Orion Marine Group Given Consensus Rating of “Buy” by Brokerages (NYSE:ORN)
Shares of Orion Marine Group (NYSE:ORN) have received a consensus recommendation of “Buy” from the eight analysts that are currently covering the stock, StockRatingsNetwork reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $13.06.
Shares of Orion Marine Group (NYSE:ORN) opened at 10.30 on Monday. Orion Marine Group has a 1-year low of $9.20 and a 1-year high of $13.77. The stock’s 50-day moving average is $10.8 and its 200-day moving average is $11.38. The company’s market cap is $282.7 million.
Orion Marine Group (NYSE:ORN) last announced its earnings results on Thursday, July 31st. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.01. The company had revenue of $90.30 million for the quarter, compared to the consensus estimate of $91.30 million. During the same quarter last year, the company posted $0.01 earnings per share. Orion Marine Group’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that Orion Marine Group will post $0.17 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Orion Marine Group from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $9.80 price target on the stock. Analysts at Davidson cut their price target on shares of Orion Marine Group from $13.00 to $12.00 in a research note on Friday, August 1st.
Orion Marine Group, Inc (NYSE:ORN) is a marine specialty contractor serving the heavy civil marine infrastructure market.
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