Orion Marine Group Inc. (ORN) Sees Large Volume Increase
Shares of Orion Marine Group Inc. (NYSE:ORN) saw an uptick in trading volume on Friday . 94,861 shares traded 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.
Several brokerages have recently weighed in on ORN. Zacks Investment Research cut shares of Orion Marine Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Imperial Capital increased their price objective on shares of Orion Marine Group from $6.00 to $6.50 and gave the stock an “in-line” rating in a research note on Monday, August 8th. 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. DA Davidson increased 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. Finally, FBR & Co reiterated 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 assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $5.65.
The stock’s market capitalization is $175.49 million. The stock has a 50 day moving average of $5.77 and a 200-day moving average of $5.03.
Orion Marine Group (NYSE:ORN) last released its earnings results on Thursday, August 4th. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.04. During the same period last year, the business earned ($0.07) earnings per share. The company earned $140.30 million during the quarter, compared to analysts’ expectations of $147.21 million. The firm’s revenue for the quarter was up 63.0% on a year-over-year basis. On average, equities research analysts predict that Orion Marine Group Inc. will post $0.28 earnings per share for the current fiscal year.
An institutional investor recently raised its position 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 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 about 4.37% of Orion Marine Group worth $4,977,000 at the end of the most recent reporting period.
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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