Orion Marine Group Inc. (ORN) Trading Down 2.8%
Orion Marine Group Inc. (NYSE:ORN) fell 2.8% during mid-day trading on Thursday . The company traded as low as $5.91 and last traded at $5.93, with a volume of 117,144 shares trading hands. The stock had previously closed at $6.10.
A number of research firms have issued reports on ORN. Zacks Investment Research cut Orion Marine Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. 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 research note on Monday, August 8th. 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 research note on Friday, August 5th. FBR & Co reiterated a “hold” rating on shares of Orion Marine Group in a research note on Tuesday, May 10th. Finally, Canaccord Genuity set a $5.50 target price on Orion Marine Group and gave the company a “hold” rating in a research note on Saturday, August 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Orion Marine Group currently has an average rating of “Hold” and a consensus price target of $5.65.
The firm’s 50 day moving average price is $5.86 and its 200 day moving average price is $5.12. The company’s market cap is $166.91 million.
Orion Marine Group (NYSE:ORN) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The business earned $140.30 million during the quarter, compared to the consensus estimate of $147.21 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 63.0% on a year-over-year basis. On average, equities analysts predict 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 shares of Orion Marine Group Inc. (NYSE:ORN) by 0.8% during the fourth quarter, according to its most recent filing with the SEC. 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 as of its most recent SEC filing.
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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