FBR & Co Brokers Lift Earnings Estimates for Orion Marine Group Inc. (ORN)
Orion Marine Group Inc. (NYSE:ORN) – FBR & Co raised their Q3 2016 earnings per share (EPS) estimates for shares of Orion Marine Group in a research note issued to investors on Thursday. FBR & Co analyst A. Rygiel now forecasts that the firm will post earnings per share of $0.15 for the quarter, up from their previous estimate of $0.13. FBR & Co currently has a “Outperform” rating and a $9.00 target price on the stock. FBR & Co also issued estimates for Orion Marine Group’s Q4 2016 earnings at $0.19 EPS, FY2016 earnings at $0.27 EPS and FY2017 earnings at $0.57 EPS.
Orion Marine Group (NYSE:ORN) last announced its earnings results on Thursday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.04. Orion Marine Group had a negative return on equity of 3.52% and a negative net margin of 1.40%. The company earned $140.30 million during the quarter, compared to analysts’ expectations of $147.21 million. During the same quarter last year, the firm posted ($0.07) earnings per share. The firm’s revenue was up 63.0% on a year-over-year basis.
Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Orion Marine Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. DA Davidson raised their target price on shares of Orion Marine Group from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Imperial Capital raised their target price on shares of Orion Marine Group from $6.00 to $6.50 and gave the stock an “in-line” rating in a report on Monday, August 8th. Finally, Canaccord Genuity set a $5.50 target price on shares of Orion Marine Group and gave the stock a “hold” rating in a report on Saturday, August 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.25.
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Shares of Orion Marine Group (NYSE:ORN) traded up 3.39% on Friday, reaching $7.33. 133,390 shares of the company traded hands. The stock has a 50-day moving average price of $6.27 and a 200 day moving average price of $5.61. Orion Marine Group has a 1-year low of $3.25 and a 1-year high of $7.42. The firm’s market capitalization is $202.89 million.
Large investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its stake in Orion Marine Group by 1.1% in the second quarter. Rhumbline Advisers now owns 48,330 shares of the company’s stock valued at $257,000 after buying an additional 546 shares in the last quarter. Prudential Financial Inc. raised its position in Orion Marine Group by 1.3% in the second quarter. Prudential Financial Inc. now owns 65,128 shares of the company’s stock valued at $346,000 after buying an additional 820 shares during the period. Brandes Investment Partners LP raised its position in Orion Marine Group by 0.5% in the second quarter. Brandes Investment Partners LP now owns 243,513 shares of the company’s stock valued at $1,293,000 after buying an additional 1,170 shares during the period. Teachers Advisors Inc. raised its position in Orion Marine Group by 4.1% in the second quarter. Teachers Advisors Inc. now owns 48,012 shares of the company’s stock valued at $255,000 after buying an additional 1,896 shares during the period. Finally, Geode Capital Management LLC raised its position in Orion Marine Group by 1.3% in the first quarter. Geode Capital Management LLC now owns 159,574 shares of the company’s stock valued at $826,000 after buying an additional 2,109 shares during the period. Institutional investors and hedge funds own 87.81% of the company’s stock.
Orion Marine Group Company Profile
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in the heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.
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