Orion Marine Group Inc. (NYSE:ORN) – DA Davidson cut their Q4 2016 EPS estimates for shares of Orion Marine Group in a research report issued on Wednesday. DA Davidson analyst J. Rogers now forecasts that the brokerage will post earnings per share of $0.06 for the quarter, down from their previous estimate of $0.10. DA Davidson currently has a “Neutral” rating and a $8.00 target price on the stock. DA Davidson also issued estimates for Orion Marine Group’s Q2 2017 earnings at $0.08 EPS and Q3 2017 earnings at $0.18 EPS.

Orion Marine Group (NYSE:ORN) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The company earned $164 million during the quarter, compared to analysts’ expectations of $177.14 million. Orion Marine Group had a return on equity of 1.83% and a net margin of 0.70%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.27) EPS. COPYRIGHT VIOLATION WARNING: This article was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2016/11/30/analysts-offer-predictions-for-orion-marine-group-inc-s-q4-2016-earnings-orn.html.

Earnings History and Estimates for Orion Marine Group (NYSE:ORN)

A number of other equities research analysts also recently weighed in on the company. FBR & Co raised Orion Marine Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $6.00 to $9.00 in a research note on Thursday, October 6th. Zacks Investment Research raised Orion Marine Group from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research note on Wednesday, October 12th. TheStreet raised Orion Marine Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 3rd. Imperial Capital raised their price target on Orion Marine Group from $6.00 to $6.50 and gave the stock an “in-line” rating in a research note on Monday, August 8th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $7.00 price target on shares of Orion Marine Group in a research note on Thursday, November 3rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Orion Marine Group presently has a consensus rating of “Hold” and an average target price of $7.75.

Shares of Orion Marine Group (NYSE:ORN) opened at 9.69 on Monday. The firm has a 50-day moving average price of $8.45 and a 200 day moving average price of $6.40. Orion Marine Group has a 12-month low of $3.25 and a 12-month high of $10.02. The stock has a market cap of $268.22 million, a PE ratio of 63.75 and a beta of 1.19.

COPYRIGHT VIOLATION WARNING: This article was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2016/11/30/analysts-offer-predictions-for-orion-marine-group-inc-s-q4-2016-earnings-orn.html.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors raised its position in shares of Orion Marine Group by 9.4% in the third quarter. BlackRock Fund Advisors now owns 2,014,886 shares of the company’s stock worth $13,802,000 after buying an additional 173,928 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Orion Marine Group by 9.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,339,644 shares of the company’s stock worth $7,113,000 after buying an additional 116,846 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Orion Marine Group by 7.5% in the second quarter. Vanguard Group Inc. now owns 1,086,861 shares of the company’s stock worth $5,771,000 after buying an additional 75,409 shares in the last quarter. Foundry Partners LLC raised its position in shares of Orion Marine Group by 7.4% in the second quarter. Foundry Partners LLC now owns 785,525 shares of the company’s stock worth $4,171,000 after buying an additional 54,210 shares in the last quarter. Finally, South Dakota Investment Council raised its position in shares of Orion Marine Group by 17.2% in the second quarter. South Dakota Investment Council now owns 730,500 shares of the company’s stock worth $3,879,000 after buying an additional 107,022 shares in the last quarter. 86.77% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:ORN

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