Today: Today: Brokers Issue Forecasts for Orion Marine Group Inc.’s Q4 2016 Earnings (ORN)

Today: Brokers Issue Forecasts for Orion Marine Group Inc.’s Q4 2016 Earnings (ORN)

Orion Marine Group Inc. (NYSE:ORN) – Analysts at DA Davidson reduced their Q4 2016 earnings estimates for shares of Orion Marine Group in a research report issued to clients and investors on Wednesday. DA Davidson analyst J. Rogers now expects that the firm will post earnings per share of $0.06 for the quarter, down from their prior estimate of $0.10. DA Davidson has a “Neutral” rating and a $8.00 price objective 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 announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. The firm earned $164 million during the quarter, compared to analysts’ expectations of $177.14 million. Orion Marine Group had a net margin of 0.70% and a return on equity of 1.83%. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.27) earnings per share.

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

Orion Marine Group (NYSE:ORN) opened at 9.88 on Monday. Orion Marine Group has a 52 week low of $3.25 and a 52 week high of $10.02. The firm’s 50-day moving average is $8.38 and its 200-day moving average is $6.35. The company has a market cap of $273.48 million, a PE ratio of 65.00 and a beta of 1.19.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. bought a new position in shares of Orion Marine Group during the second quarter worth approximately $2,375,000. 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 during the last quarter. Prudential Financial Inc. raised its position in shares of Orion Marine Group by 3.4% in the first quarter. Prudential Financial Inc. now owns 64,308 shares of the company’s stock worth $333,000 after buying an additional 2,100 shares during the last quarter. Brandes Investment Partners LP raised its position in shares of 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 during the last quarter. Finally, Oxford Asset Management raised its position in shares of Orion Marine Group by 181.6% in the second quarter. Oxford Asset Management now owns 107,152 shares of the company’s stock worth $569,000 after buying an additional 69,107 shares during the last quarter. Institutional investors and hedge funds own 87.65% of the company’s stock.

Orion Marine Group Company Profile

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