Orion Marine Group Inc. (ORN) Sees Unusually-High Trading Volume
Orion Marine Group Inc. (NYSE:ORN) saw unusually-strong trading volume on Friday . Approximately 94,861 shares changed hands during mid-day trading, a decline of 1% from the previous session’s volume of 95,481 shares.The stock last traded at $6.40 and had previously closed at $6.36.
A number of equities analysts have commented on ORN shares. DA Davidson lifted their price objective on shares of Orion Marine Group from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Zacks Investment Research raised shares of Orion Marine Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. FBR & Co reissued a “hold” rating on shares of Orion Marine Group in a research note on Tuesday, May 10th. Canaccord Genuity set a $5.50 price objective on shares of Orion Marine Group and gave the stock a “hold” rating in a research note on Saturday, August 6th. Finally, Imperial Capital cut shares of Orion Marine Group from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $7.00 to $6.00 in a research note on Thursday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $5.65.
The company has a 50-day moving average price of $5.79 and a 200-day moving average price of $5.04. The stock’s market capitalization is $175.49 million.
Orion Marine Group (NYSE:ORN) last posted 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. During the same period in the prior year, the company posted ($0.07) EPS. The company had revenue of $140.30 million for the quarter, compared to analysts’ expectations of $147.21 million. Orion Marine Group’s revenue for the quarter was up 63.0% on a year-over-year basis. Equities analysts predict that Orion Marine Group Inc. will post $0.28 earnings per share for the current year.
An institutional investor recently raised its position in Orion Marine Group stock. Dimensional Fund Advisors LP increased its position in Orion Marine Group Inc. (NYSE:ORN) by 0.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,193,515 shares of the company’s stock after buying an additional 9,758 shares during the period. Dimensional Fund Advisors LP owned approximately 4.37% of Orion Marine Group worth $4,977,000 as of its most recent SEC filing.
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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