Orion Marine Group Inc. (NYSE:ORN) – Investment analysts at FBR & Co increased their Q3 2016 earnings estimates for shares of Orion Marine Group in a research report issued to clients and investors on Thursday. FBR & Co analyst A. Rygiel now expects that the firm will post earnings of $0.15 per share for the quarter, up from their previous estimate of $0.13. FBR & Co currently has a “Outperform” rating and a $9.00 target price on the stock. FBR & Co also issued estimates for Orion Marine Group’s Q4 2016 earnings at $0.19 EPS, FY2016 earnings at $0.27 EPS and FY2017 earnings at $0.57 EPS.
Several other brokerages have also recently issued reports on ORN. Zacks Investment Research cut Orion Marine Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. DA Davidson boosted their price target on Orion Marine Group from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Imperial Capital boosted their price target on Orion Marine Group from $6.00 to $6.50 and gave the company an “in-line” rating in a research note on Monday, August 8th. Finally, Canaccord Genuity set a $5.50 price target on Orion Marine Group and gave the company a “hold” rating in a research note on Saturday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Orion Marine Group currently has an average rating of “Hold” and an average price target of $6.25.
Orion Marine Group (NYSE:ORN) opened at 7.38 on Friday. The company’s market capitalization is $204.28 million. The stock has a 50 day moving average price of $6.30 and a 200 day moving average price of $5.62. Orion Marine Group has a 52-week low of $3.25 and a 52-week high of $7.42.
Orion Marine Group (NYSE:ORN) last released its earnings results on Thursday, August 4th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The firm earned $140.30 million during the quarter, compared to analyst estimates of $147.21 million. Orion Marine Group had a negative net margin of 1.40% and a negative return on equity of 3.52%. The firm’s quarterly revenue was up 63.0% on a year-over-year basis. During the same period last year, the business posted ($0.07) earnings per share.
A number of large investors have recently added to or reduced their stakes in the company. True Bearing Asset Management LP acquired a new stake in Orion Marine Group during the second quarter valued at $150,000. Guggenheim Capital LLC boosted its stake in Orion Marine Group by 2.8% in the second quarter. Guggenheim Capital LLC now owns 543,226 shares of the company’s stock valued at $2,885,000 after buying an additional 14,935 shares during the last quarter. Pacific Global Investment Management CO boosted its stake in Orion Marine Group by 0.6% in the second quarter. Pacific Global Investment Management CO now owns 481,800 shares of the company’s stock valued at $2,558,000 after buying an additional 3,000 shares during the last quarter. State Street Corp increased its position in shares of Orion Marine Group by 5.6% in the second quarter. State Street Corp now owns 553,322 shares of the company’s stock valued at $2,938,000 after buying an additional 29,254 shares during the period. Finally, Spark Investment Management LLC bought a new position in shares of Orion Marine Group during the second quarter valued at about $103,000. Hedge funds and other institutional investors own 87.81% of the company’s stock.
About Orion Marine Group