Canaccord Genuity Initiates Coverage on Orion Marine Group to Hold

Canaccord Genuity Initiates Coverage on Orion Marine Group(NYSE:ORN). The shares have been rated Hold. The rating by Canaccord Genuity was issued on Apr 11, 2016.

In a different note, On Mar 11, 2016, DA Davidson said it Maintains its rating on Orion Marine Group. In the research note, the firm Raises the price-target to $4.00 per share. The shares have been rated ‘Neutral’ by the firm.

Orion Marine Group (ORN) made into the market gainers list on Fridays trading session with the shares advancing 4.88% or 0.26 points. Due to strong positive momentum, the stock ended at $5.59, which is also near the day’s high of $5.63. The stock began the session at $5.28 and the volume stood at 89,600 shares. The 52-week high of the shares is $9.6 and the 52 week low is $3.25. The company has a current market capitalization of $153 M and it has 2,72,92,347 shares in outstanding.

Orion Marine Group(ORN) last announced its earnings results on Mar 10, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $161.89M. Analysts had an estimated revenue of $166.66M. Earnings per share were $0.05. Analysts had estimated an EPS of $0.02.

Several Insider Transactions has been reported to the SEC. On Dec 17, 2015, Gene G Stoever (director) sold 3,000 shares at $3.89 per share price.Also, On Dec 16, 2015, Mark R. Stauffer (CEO) purchased 1,750 shares at $3.75 per share price.

Orion Marine Group Inc. is engaged in the heavy civil construction project management business. The Company specializes in marine construction. It provides a range of heavy civil marine construction services to federal agencies state and municipal governments and private commercial and industrial customers. Its heavy civil marine construction and project management services include new construction dredging repair and maintenance and other related specialty services. It provides its heavy civil marine construction services on over and under the water in the continental United States Alaska Canada and the Caribbean Basin. It provides heavy civil marine construction services through projects that are obtained primarily through a competitive bid or contract process. Its customers include the United States Army Corps of Engineers the United States Navy the United States Coast Guard state transportation departments local port authorities and private customers.

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