Orion Group (NYSE:ORN) Rating Increased to Strong-Buy at Zacks Research

Orion Group (NYSE:ORNGet Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other brokerages also recently issued reports on ORN. DA Davidson upped their price target on Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Roth Mkm assumed coverage on Orion Group in a research report on Tuesday, February 10th. They set a “buy” rating and a $17.00 target price on the stock. B. Riley Financial reissued a “buy” rating on shares of Orion Group in a report on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of Orion Group in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. started coverage on shares of Orion Group in a research report on Thursday, January 22nd. They issued an “overweight” rating and a $16.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $14.88.

View Our Latest Stock Analysis on Orion Group

Orion Group Price Performance

Shares of NYSE ORN opened at $13.41 on Tuesday. Orion Group has a 12-month low of $4.64 and a 12-month high of $15.00. The stock’s fifty day simple moving average is $12.19 and its two-hundred day simple moving average is $10.09. The stock has a market capitalization of $535.06 million, a PE ratio of 268.20 and a beta of 1.15. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.18.

Orion Group (NYSE:ORNGet Free Report) last posted its earnings results on Tuesday, March 3rd. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $233.22 million for the quarter, compared to analyst estimates of $222.42 million. Orion Group had a return on equity of 4.17% and a net margin of 0.29%. As a group, analysts expect that Orion Group will post 0.06 EPS for the current fiscal year.

Institutional Trading of Orion Group

Institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP purchased a new position in Orion Group in the 2nd quarter valued at $12,885,000. Invesco Ltd. raised its position in shares of Orion Group by 79.4% in the third quarter. Invesco Ltd. now owns 1,271,358 shares of the construction company’s stock valued at $10,578,000 after buying an additional 562,863 shares during the last quarter. First Wilshire Securities Management Inc. acquired a new stake in shares of Orion Group in the second quarter valued at about $4,813,000. Simcoe Capital LLC purchased a new position in shares of Orion Group in the fourth quarter worth about $4,509,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Orion Group during the fourth quarter worth about $2,977,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Orion Group News Summary

Here are the key news stories impacting Orion Group this week:

Orion Group Company Profile

(Get Free Report)

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.

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Analyst Recommendations for Orion Group (NYSE:ORN)

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