Orion Marine Group Inc. (NYSE:ORN)‘s stock had its “neutral” rating reaffirmed by equities researchers at DA Davidson in a research note issued on Thursday. They presently have a $8.00 price objective on the stock, up from their prior price objective of $6.00. DA Davidson’s price target indicates a potential upside of 12.52% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Orion Marine Group from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research report on Wednesday. Canaccord Genuity set a $5.50 price objective on Orion Marine Group and gave the company a “hold” rating in a research report on Saturday, August 6th. Imperial Capital upped their price objective on Orion Marine Group from $6.00 to $6.50 and gave the company an “in-line” rating in a research report on Monday, August 8th. Finally, FBR & Co raised Orion Marine Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $6.00 to $9.00 in a research note on Thursday, October 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $7.45.

Orion Marine Group (NYSE:ORN) opened at 7.11 on Thursday. Orion Marine Group has a 1-year low of $3.25 and a 1-year high of $7.56. The stock’s 50 day moving average price is $6.43 and its 200 day moving average price is $5.68. The company’s market cap is $196.80 million.

Orion Marine Group (NYSE:ORN) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.04. Orion Marine Group had a negative net margin of 1.40% and a negative return on equity of 3.52%. The company had revenue of $140.30 million for the quarter, compared to analysts’ expectations of $147.21 million. During the same quarter last year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 63.0% on a year-over-year basis. On average, equities analysts anticipate that Orion Marine Group will post $0.28 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of Orion Marine Group by 1.1% in the second quarter. Rhumbline Advisers now owns 48,330 shares of the company’s stock valued at $257,000 after buying an additional 546 shares during the period. Prudential Financial Inc. boosted its position in shares of Orion Marine Group by 1.3% in the second quarter. Prudential Financial Inc. now owns 65,128 shares of the company’s stock valued at $346,000 after buying an additional 820 shares during the period. Brandes Investment Partners LP boosted its position in shares of Orion Marine Group by 0.5% in the second quarter. Brandes Investment Partners LP now owns 243,513 shares of the company’s stock valued at $1,293,000 after buying an additional 1,170 shares during the period. Teachers Advisors Inc. boosted its position in shares of Orion Marine Group by 4.1% in the second quarter. Teachers Advisors Inc. now owns 48,012 shares of the company’s stock valued at $255,000 after buying an additional 1,896 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Orion Marine Group by 1.3% in the first quarter. Geode Capital Management LLC now owns 159,574 shares of the company’s stock valued at $826,000 after buying an additional 2,109 shares during the period. 87.81% of the stock is currently owned by institutional investors.

About Orion Marine Group

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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