Orion Marine Group Inc. (ORN) Trading Down 1.2%
Orion Marine Group Inc. (NYSE:ORN)’s share price fell 1.2% during mid-day trading on Thursday . The stock traded as low as $5.68 and last traded at $5.73, with a volume of 72,633 shares. The stock had previously closed at $5.80.
Several brokerages recently issued reports on ORN. Imperial Capital cut Orion Marine Group from an “outperform” rating to an “in-line” rating and reduced their price objective for the stock from $7.00 to $6.00 in a report on Thursday, May 12th. Zacks Investment Research cut Orion Marine Group from a “hold” rating to a “sell” rating in a report on Tuesday. FBR & Co reaffirmed a “hold” rating on shares of Orion Marine Group in a report on Tuesday, May 10th. Finally, Canaccord Genuity began coverage on Orion Marine Group in a report on Monday, April 11th. They set a “hold” rating and a $7.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.38.
The company’s market capitalization is $152.89 million. The firm has a 50-day moving average of $5.23 and a 200-day moving average of $4.66.
Orion Marine Group (NYSE:ORN) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $129.60 million for the quarter, compared to analyst estimates of $147.82 million. The business’s quarterly revenue was up 59.0% compared to the same quarter last year. On average, analysts forecast that Orion Marine Group Inc. will post $0.28 EPS for the current fiscal year.
Several institutional investors recently bought and sold shares of the company. South Dakota Investment Council increased its position in Orion Marine Group by 55.6% in the fourth quarter. South Dakota Investment Council now owns 526,397 shares of the company’s stock worth $2,195,000 after buying an additional 188,011 shares during the period. Russell Frank Co increased its position in Orion Marine Group by 20.8% in the fourth quarter. Russell Frank Co now owns 551,222 shares of the company’s stock worth $2,359,000 after buying an additional 94,742 shares during the period. Dimensional Fund Advisors LP increased its position in Orion Marine Group by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,193,515 shares of the company’s stock worth $4,977,000 after buying an additional 9,758 shares during the period. Finally, Boston Partners increased its position in Orion Marine Group by 8.3% in the fourth quarter. Boston Partners now owns 2,712,614 shares of the company’s stock worth $11,312,000 after buying an additional 206,779 shares during the period.
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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