Orion Marine Group Inc. (NYSE:ORN)‘s stock had its “neutral” rating reissued by DA Davidson in a research report issued on Thursday. They presently have a $8.00 price objective on the stock, up from their previous price objective of $6.00. DA Davidson’s price target suggests a potential upside of 9.74% from the company’s current price.
ORN has been the subject of several other reports. Zacks Investment Research cut shares of Orion Marine Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. FBR & Co raised shares of Orion Marine Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $6.00 to $9.00 in a research report on Thursday, October 6th. Imperial Capital raised their price objective on shares of 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, Canaccord Genuity set a $5.50 price objective on shares of Orion Marine Group and gave the company a “hold” rating in a research report on Saturday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $7.45.
Orion Marine Group (NYSE:ORN) opened at 7.29 on Thursday. The firm’s 50-day moving average is $6.47 and its 200-day moving average is $5.70. Orion Marine Group has a 1-year low of $3.25 and a 1-year high of $7.56. The company’s market capitalization is $201.79 million.
Orion Marine Group (NYSE:ORN) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by $0.04. The company had revenue of $140.30 million for the quarter, compared to analyst estimates of $147.21 million. Orion Marine Group had a negative return on equity of 3.52% and a negative net margin of 1.40%. The business’s revenue for the quarter was up 63.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.07) earnings per share. Equities research analysts predict that Orion Marine Group will post $0.28 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in Orion Marine Group by 1.1% in the second quarter. Rhumbline Advisers now owns 48,330 shares of the company’s stock worth $257,000 after buying an additional 546 shares in the last quarter. Prudential Financial Inc. raised its position in Orion Marine Group by 1.3% in the second quarter. Prudential Financial Inc. now owns 65,128 shares of the company’s stock worth $346,000 after buying an additional 820 shares in the last quarter. Brandes Investment Partners LP raised its position in Orion Marine Group by 0.5% in the second quarter. Brandes Investment Partners LP now owns 243,513 shares of the company’s stock worth $1,293,000 after buying an additional 1,170 shares in the last quarter. Teachers Advisors Inc. raised its position in Orion Marine Group by 4.1% in the second quarter. Teachers Advisors Inc. now owns 48,012 shares of the company’s stock worth $255,000 after buying an additional 1,896 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Orion Marine Group by 1.3% in the first quarter. Geode Capital Management LLC now owns 159,574 shares of the company’s stock worth $826,000 after buying an additional 2,109 shares in the last quarter. 87.81% of the stock is currently owned by institutional investors.
Orion Marine Group Company Profile