Orion Marine Group Inc. (ORN) Given Average Rating of “Hold” by Brokerages
Shares of Orion Marine Group Inc. (NYSE:ORN) have been given a consensus rating of “Hold” by the six brokerages that are covering the company. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $7.63.
Several brokerages have commented on ORN. Zacks Investment Research downgraded Orion Marine Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. TheStreet upgraded Orion Marine Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 3rd. Canaccord Genuity reiterated a “hold” rating and set a $7.00 price target on shares of Orion Marine Group in a research report on Thursday, November 3rd. DA Davidson reiterated a “neutral” rating and set a $8.00 price target (up previously from $6.00) on shares of Orion Marine Group in a research report on Thursday, October 13th. Finally, FBR & Co upgraded Orion Marine Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $6.00 to $9.00 in a research report on Thursday, October 6th.
Orion Marine Group (NYSE:ORN) traded down 0.72% on Tuesday, hitting $9.68. The stock had a trading volume of 99,181 shares. The company has a 50-day moving average price of $8.08 and a 200-day moving average price of $6.26. The stock has a market capitalization of $267.94 million, a price-to-earnings ratio of 63.68 and a beta of 1.19. Orion Marine Group has a 1-year low of $3.25 and a 1-year high of $9.79.
Orion Marine Group (NYSE:ORN) last issued its earnings results on Thursday, November 3rd. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Orion Marine Group had a return on equity of 1.83% and a net margin of 0.70%. The business earned $164 million during the quarter, compared to the consensus estimate of $177.14 million. During the same quarter last year, the company earned ($0.27) EPS. The firm’s revenue was up 19.6% compared to the same quarter last year. Equities analysts predict that Orion Marine Group will post $0.18 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Advisors LLC increased its stake in Orion Marine Group by 15.5% in the third quarter. BlackRock Advisors LLC now owns 14,587 shares of the company’s stock worth $100,000 after buying an additional 1,962 shares during the last quarter. Spark Investment Management LLC purchased a new stake in Orion Marine Group during the second quarter worth $103,000. Acrospire Investment Management LLC purchased a new stake in Orion Marine Group during the third quarter worth $111,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Orion Marine Group during the third quarter worth $123,000. Finally, BlackRock Group LTD increased its stake in Orion Marine Group by 7.8% in the third quarter. BlackRock Group LTD now owns 18,055 shares of the company’s stock worth $124,000 after buying an additional 1,310 shares during the last quarter. Institutional investors own 87.65% of the company’s stock.
Orion Marine Group Company Profile
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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