Orion Marine Group Inc. (ORN) Shares Down 2.8%
Orion Marine Group Inc. (NYSE:ORN) shares fell 2.8% during trading on Thursday . The company traded as low as $5.91 and last traded at $5.93, with a volume of 117,144 shares changing hands. The stock had previously closed at $6.10.
A number of brokerages have recently commented on ORN. Zacks Investment Research raised Orion Marine Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Canaccord Genuity set a $5.50 target price on Orion Marine Group and gave the company a “hold” rating in a report on Saturday, August 6th. DA Davidson raised their target price on Orion Marine Group from $5.50 to $6.00 and gave the company a “buy” rating in a report on Friday, August 5th. Imperial Capital raised their target price on Orion Marine Group from $6.00 to $6.50 and gave the company an “in-line” rating in a report on Monday, August 8th. Finally, FBR & Co reaffirmed a “hold” rating on shares of Orion Marine Group in a report on Tuesday, May 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.65.
The stock’s market cap is $162.76 million. The firm has a 50 day moving average of $5.84 and a 200 day moving average of $5.10.
Orion Marine Group (NYSE:ORN) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.04. The business earned $140.30 million during the quarter, compared to analyst estimates of $147.21 million. The business’s revenue was up 63.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.07) EPS. On average, equities research analysts expect that Orion Marine Group Inc. will post $0.28 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Orion Marine Group stock. Dimensional Fund Advisors LP increased its position in shares of Orion Marine Group Inc. (NYSE:ORN) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 4.37% of Orion Marine Group worth $4,977,000 as of its most recent filing with the SEC.
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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