Orion Group (NYSE:ORN) Upgraded by Wall Street Zen to “Buy” Rating

Orion Group (NYSE:ORN) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other analysts also recently weighed in on the company. DA Davidson increased their target price on Orion Group from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Roth Mkm started coverage on Orion Group in a report on Tuesday, February 10th. They set a “buy” rating and a $17.00 price target for the company. Zacks Research raised Orion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. B. Riley Financial raised their price objective on shares of Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Orion Group in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $16.25.

Orion Group Stock Down 1.1%

Orion Group stock opened at $11.69 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.35. Orion Group has a fifty-two week low of $4.64 and a fifty-two week high of $15.00. The firm has a fifty day moving average price of $12.25 and a two-hundred day moving average price of $10.14. The firm has a market cap of $468.54 million, a price-to-earnings ratio of 233.80 and a beta of 1.15.

Orion Group (NYSE:ORN) last issued its quarterly earnings results on Tuesday, March 3rd. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $233.22 million for the quarter, compared to the consensus estimate of $222.42 million. Orion Group had a return on equity of 4.14% and a net margin of 0.29%. As a group, analysts forecast that Orion Group will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP bought a new position in Orion Group during the second quarter worth about $12,885,000. Invesco Ltd. grew its stake in shares of Orion Group by 79.4% in the 3rd quarter. Invesco Ltd. now owns 1,271,358 shares of the construction company’s stock valued at $10,578,000 after purchasing an additional 562,863 shares during the period. First Wilshire Securities Management Inc. bought a new stake in shares of Orion Group in the 2nd quarter valued at approximately $4,813,000. Simcoe Capital LLC acquired a new position in shares of Orion Group in the 4th quarter worth approximately $4,509,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Orion Group during the 4th quarter worth approximately $2,977,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

About Orion Group

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.