Orion Marine Group Inc. (ORN) Trading 2.6% Higher
Orion Marine Group Inc. (NYSE:ORN) traded up 2.6% on Friday . The company traded as high as $6.14 and last traded at $6.03, with a volume of 51,087 shares. The stock had previously closed at $5.88.
ORN has been the subject of a number of research reports. Canaccord Genuity set a $5.50 price objective on Orion Marine Group and gave the company a “hold” rating in a research note on Saturday, August 6th. Imperial Capital cut Orion Marine Group from an “outperform” rating to an “in-line” rating and reduced their price objective for the company from $7.00 to $6.00 in a research note on Thursday, May 12th. Zacks Investment Research cut Orion Marine Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. FBR & Co reissued a “hold” rating on shares of Orion Marine Group in a research note on Tuesday, May 10th. Finally, DA Davidson raised their price objective on Orion Marine Group from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Orion Marine Group presently has a consensus rating of “Hold” and a consensus price target of $5.65.
The stock’s 50-day moving average is $5.86 and its 200 day moving average is $5.12. The company’s market cap is $166.91 million.
Orion Marine Group (NYSE:ORN) last issued its earnings results on Thursday, August 4th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by $0.04. During the same quarter last year, the company posted ($0.07) EPS. The business earned $140.30 million during the quarter, compared to analyst estimates of $147.21 million. The company’s revenue was up 63.0% on a year-over-year basis. Equities analysts forecast that Orion Marine Group Inc. will post $0.28 EPS for the current year.
A hedge fund recently raised its stake in Orion Marine Group stock. Dimensional Fund Advisors LP boosted its position in Orion Marine Group Inc. (NYSE:ORN) by 0.8% during the fourth quarter, according to its most recent 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 4.37% of Orion Marine Group worth $4,977,000 at the end of the most recent quarter.
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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