Orion Group Holdings (ORN) Getting Positive Press Coverage, Accern Reports
News headlines about Orion Group Holdings (NYSE:ORN) have trended positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Orion Group Holdings earned a daily sentiment score of 0.39 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 45.6222831887848 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Orion Group Holdings (NYSE:ORN) traded up 0.57% during trading on Friday, reaching $7.10. 31,333 shares of the company’s stock traded hands. The firm’s market capitalization is $200.24 million. Orion Group Holdings has a 1-year low of $5.17 and a 1-year high of $11.11. The firm has a 50 day moving average of $6.18 and a 200 day moving average of $6.93.
Orion Group Holdings (NYSE:ORN) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.16). The company had revenue of $137.40 million during the quarter, compared to the consensus estimate of $161.68 million. Orion Group Holdings had a positive return on equity of 1.37% and a negative net margin of 0.98%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) EPS. Equities analysts forecast that Orion Group Holdings will post $0.02 EPS for the current year.
ORN has been the topic of a number of recent research reports. Canaccord Genuity restated a “hold” rating and set a $7.00 price target on shares of Orion Group Holdings in a research report on Thursday, October 5th. Zacks Investment Research lowered shares of Orion Group Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, FBR & Co lowered their price target on shares of Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, August 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $8.33.
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About Orion Group Holdings
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in 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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