Orion Marine Group Inc. (ORN) Given “Hold” Rating at DA Davidson
Orion Marine Group Inc. (NYSE:ORN)‘s stock had its “hold” rating reiterated by equities researchers at DA Davidson in a report released on Thursday. They presently have a $8.00 price objective on the stock. DA Davidson’s price target indicates a potential upside of 8.70% from the company’s previous close.
A number of other research firms have also recently issued reports on ORN. Canaccord Genuity set a $5.50 price objective on Orion Marine Group and gave the company a “hold” rating in a research report on Saturday, August 6th. Zacks Investment Research upgraded Orion Marine Group from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research note on Wednesday. Imperial Capital increased their target price on Orion Marine Group from $6.00 to $6.50 and gave the stock an “in-line” rating in a research note on Monday, August 8th. Finally, FBR & Co upgraded Orion Marine Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $6.00 to $9.00 in a research note on Thursday, October 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $7.45.
Shares of Orion Marine Group (NYSE:ORN) traded down 0.2500% during trading on Thursday, reaching $7.3416. The company had a trading volume of 18,347 shares. Orion Marine Group has a 52-week low of $3.25 and a 52-week high of $7.56. The company has a 50 day moving average of $6.41 and a 200-day moving average of $5.67. The firm’s market capitalization is $203.22 million.
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Orion Marine Group (NYSE:ORN) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.04. Orion Marine Group had a negative net margin of 1.40% and a negative return on equity of 3.52%. The business earned $140.30 million during the quarter, compared to analyst estimates of $147.21 million. During the same period in the previous year, the business earned ($0.07) earnings per share. The business’s quarterly revenue was up 63.0% on a year-over-year basis. Equities analysts expect that Orion Marine Group will post $0.28 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of ORN. Vanguard Group Inc. raised its position in Orion Marine Group by 7.5% in the second quarter. Vanguard Group Inc. now owns 1,086,861 shares of the company’s stock worth $5,771,000 after buying an additional 75,409 shares during the period. Principal Financial Group Inc. raised its position in Orion Marine Group by 2.7% in the second quarter. Principal Financial Group Inc. now owns 192,113 shares of the company’s stock worth $1,020,000 after buying an additional 5,104 shares during the period. 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 worth $346,000 after buying an additional 820 shares during the period. Dimensional Fund Advisors LP raised its position in Orion Marine Group by 9.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,339,644 shares of the company’s stock worth $7,113,000 after buying an additional 116,846 shares during the period. Finally, Nationwide Fund Advisors raised its position in Orion Marine Group by 11.7% in the second quarter. Nationwide Fund Advisors now owns 91,867 shares of the company’s stock worth $488,000 after buying an additional 9,643 shares during the period. Hedge funds and other institutional investors 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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