Orion Marine Group (ORN) is Initiated by Canaccord Genuity to Hold, Price Target at $7

Orion Marine Group (ORN) was Initiated by Canaccord Genuity to “Hold” and the brokerage firm has set the Price Target at $7. Canaccord Genuity advised their investors in a research report released on Apr 12, 2016.

Many Wall Street Analysts have commented on Orion Marine Group. Canaccord Genuity Initiated Orion Marine Group on Apr 12, 2016 to “Hold”, Price Target of the shares are set at $7.Company shares were Reiterated by FBR Capital on Mar 11, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .

On the company’s financial health, Orion Marine Group reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 10, 2016. Analyst had a consensus of $0.02. The company had revenue of $161.90 million for the quarter, compared to analysts expectations of $166.57 million. The company’s revenue was up 50.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Orion Marine Group closed down -0.39 points or -7.01% at $5.17 with 1,14,601 shares getting traded on Monday. Post opening the session at $5.59, the shares hit an intraday low of $5.15 and an intraday high of $5.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Dec 17, 2015, Gene G Stoever (director) sold 3,000 shares at $3.89 per share price. According to the SEC, 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.

Orion Marine Group

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