Orion Group (NYSE:ORN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Orion Group (NYSE:ORN) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other analysts also recently commented on ORN. DA Davidson upped their target price on Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Roth Mkm initiated coverage on Orion Group in a report on Tuesday, February 10th. They issued a “buy” rating and a $17.00 price target for the company. B. Riley Financial upped their price objective on Orion Group from $15.50 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. initiated coverage on shares of Orion Group in a research note on Thursday, January 22nd. They set an “overweight” rating and a $16.00 price objective on the stock. Finally, Zacks Research raised shares of Orion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. One 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 MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $16.25.

Orion Group Trading Up 1.4%

NYSE ORN opened at $11.83 on Friday. Orion Group has a 1 year low of $4.64 and a 1 year high of $15.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.35. The company has a market capitalization of $474.03 million, a PE ratio of 236.54 and a beta of 1.15. The company has a fifty day moving average of $12.28 and a 200 day moving average of $10.22.

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

Institutional Trading of Orion Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new position in shares of Orion Group during the 3rd quarter valued at approximately $33,000. First Horizon Advisors Inc. raised its position in Orion Group by 171.1% during the second quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company’s stock worth $41,000 after acquiring an additional 2,832 shares during the period. Comerica Bank lifted its holdings in Orion Group by 219.7% during the third quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock valued at $43,000 after purchasing an additional 3,562 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Orion Group during the third quarter valued at $86,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Orion Group in the third quarter valued at about $87,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

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.