Orion Marine Group Inc. (ORN) Trading 2.6% Higher
Orion Marine Group Inc. (NYSE:ORN) shares traded up 2.6% during mid-day trading on Friday . The stock 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.
Several research analysts have issued reports on the company. Zacks Investment Research lowered Orion Marine Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Imperial Capital increased their price target on Orion Marine Group from $6.00 to $6.50 and gave the stock an “in-line” rating in a report on Monday, August 8th. Canaccord Genuity set a $5.50 price target on Orion Marine Group and gave the stock a “hold” rating in a report on Saturday, August 6th. DA Davidson increased their price target on Orion Marine Group from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, FBR & Co reissued a “hold” rating on shares of Orion Marine Group in a research note on Tuesday, May 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Orion Marine Group has an average rating of “Hold” and a consensus target price of $5.65.
The company’s market capitalization is $166.91 million. The company has a 50 day moving average of $5.86 and a 200 day moving average of $5.12.
Orion Marine Group (NYSE:ORN) last announced 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. During the same quarter in the previous year, the company posted ($0.07) EPS. The company earned $140.30 million during the quarter, compared to the consensus estimate of $147.21 million. Orion Marine Group’s revenue for the quarter was up 63.0% compared to the same quarter last year. On average, analysts predict that Orion Marine Group Inc. will post $0.28 EPS for the current year.
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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