Orion Group Holdings Inc (NYSE:ORN) Receives $6.99 Average Target Price from Analysts

Orion Group Holdings Inc (NYSE:ORN) has received an average rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $6.99.

A number of brokerages have recently weighed in on ORN. ValuEngine upgraded Orion Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. B. Riley upped their price target on shares of Orion Group from $5.00 to $5.75 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Zacks Investment Research raised shares of Orion Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Mizuho restated a “buy” rating and issued a $7.10 price objective on shares of Orion Group in a research report on Tuesday, July 2nd. Finally, Noble Financial reaffirmed a “buy” rating and issued a $7.10 target price on shares of Orion Group in a research note on Friday, August 9th.

Several hedge funds and other institutional investors have recently modified their holdings of ORN. White Pine Capital LLC bought a new position in shares of Orion Group in the 2nd quarter worth $27,000. Alambic Investment Management L.P. bought a new stake in Orion Group in the second quarter valued at about $38,000. SG Americas Securities LLC increased its holdings in Orion Group by 42.9% in the first quarter. SG Americas Securities LLC now owns 16,374 shares of the construction company’s stock valued at $48,000 after purchasing an additional 4,914 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Orion Group in the second quarter valued at about $55,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Orion Group in the second quarter valued at about $57,000. 79.23% of the stock is currently owned by institutional investors.



Shares of ORN traded up $0.31 on Friday, hitting $4.98. The company’s stock had a trading volume of 13,085 shares, compared to its average volume of 115,726. The company has a market capitalization of $138.00 million, a PE ratio of -13.27 and a beta of 1.10. Orion Group has a fifty-two week low of $1.80 and a fifty-two week high of $8.30. The company has a 50 day moving average price of $4.23 and a 200 day moving average price of $3.29. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.35 and a quick ratio of 1.34.

Orion Group (NYSE:ORN) last issued its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.15. The firm had revenue of $165.99 million during the quarter, compared to the consensus estimate of $153.44 million. Orion Group had a negative return on equity of 12.42% and a negative net margin of 20.68%. On average, equities analysts forecast that Orion Group will post -0.18 EPS for the current year.

About Orion Group

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

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