Orion Group (NYSE:ORN) Stock Price Expected to Rise, B. Riley Financial Analyst Says

Orion Group (NYSE:ORN) had its price objective increased by research analysts at B. Riley Financial from $15.50 to $17.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. B. Riley Financial’s target price indicates a potential upside of 45.42% from the stock’s previous close.

ORN has been the topic of a number of other research reports. Roth Mkm assumed coverage on Orion Group in a research note on Tuesday, February 10th. They issued a “buy” rating and a $17.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Orion Group in a research note on Thursday, January 22nd. JPMorgan Chase & Co. initiated coverage on shares of Orion Group in a report on Thursday, January 22nd. They issued an “overweight” rating and a $16.00 target price for the company. Zacks Research raised shares of Orion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, DA Davidson boosted their price target on shares of Orion Group from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $16.25.

Orion Group Stock Performance

ORN opened at $11.69 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The firm has a market cap of $468.54 million, a PE ratio of 233.80 and a beta of 1.15. The business has a fifty day simple moving average of $12.25 and a 200-day simple moving average of $10.14. Orion Group has a fifty-two week low of $4.64 and a fifty-two week high of $15.00.

Orion Group (NYSE:ORN) last announced its earnings results on Tuesday, March 3rd. The construction company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Orion Group had a return on equity of 4.14% and a net margin of 0.29%.The company had revenue of $233.22 million for the quarter, compared to analyst estimates of $222.42 million. As a group, equities analysts predict that Orion Group will post 0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Orion Group

A number of institutional investors have recently bought and sold shares of the business. Invesco Ltd. grew its stake in Orion Group by 1.6% during the 4th quarter. Invesco Ltd. now owns 1,292,193 shares of the construction company’s stock valued at $12,844,000 after acquiring an additional 20,835 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its position in shares of Orion Group by 105.0% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 21,097 shares of the construction company’s stock worth $210,000 after purchasing an additional 10,808 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Orion Group by 790.5% during the fourth quarter. Millennium Management LLC now owns 97,758 shares of the construction company’s stock worth $972,000 after purchasing an additional 86,780 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Orion Group during the fourth quarter worth approximately $168,000. Finally, Ardsley Advisory Partners LP grew its position in Orion Group by 6.7% during the fourth quarter. Ardsley Advisory Partners LP now owns 400,000 shares of the construction company’s stock valued at $3,976,000 after purchasing an additional 25,000 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Orion Group Company Profile

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.