Orion Marine Group (ORN) was Downgraded by Imperial Capital to ” In-line” while Lowering the Price Target of the company shares to $ 6 from a previous price target of $7 . Earlier the firm had a rating of “Outperform ” on the company shares. Imperial Capital advised their investors in a research report released on May 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 $-0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.01. The company had revenue of $129.60 million for the quarter, compared to analysts expectations of $148.56 million. The company’s revenue was up 59.0% compared to the same quarter last year.
Orion Marine Group opened for trading at $5.07 and hit $5.43 on the upside on Tuesday, eventually ending the session at $5.36, with a gain of 7.41% or 0.37 points. The heightened volatility saw the trading volume jump to 72,939 shares. Company has a market cap of $146 M.
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.