Orion Marine Group Inc. (NYSE:ORN) – Equities research analysts at DA Davidson dropped their Q4 2016 earnings per share estimates for shares of Orion Marine Group in a research report issued on Wednesday. DA Davidson analyst J. Rogers now anticipates that the brokerage will post earnings per share of $0.06 for the quarter, down from their prior forecast 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.

Other research analysts have also issued research reports about the stock. Canaccord Genuity set a $5.50 target price on shares of Orion Marine Group and gave the stock a “hold” rating in a research note on Saturday, August 6th. Zacks Investment Research raised shares of Orion Marine Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Imperial Capital increased their price target on shares of Orion Marine Group from $6.00 to $6.50 and gave the stock an “in-line” rating in a research report on Monday, August 8th. TheStreet raised shares of Orion Marine Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 3rd. Finally, FBR & Co raised shares of Orion Marine Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $6.00 to $9.00 in a research report on Thursday, October 6th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $7.75.

Earnings History and Estimates for Orion Marine Group (NYSE:ORN)

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Shares of Orion Marine Group (NYSE:ORN) opened at 9.69 on Monday. The company has a market cap of $268.22 million, a price-to-earnings ratio of 63.75 and a beta of 1.19. The company’s 50-day moving average is $8.45 and its 200-day moving average is $6.40. Orion Marine Group has a one year low of $3.25 and a one year high of $10.02.

Orion Marine Group (NYSE:ORN) last released its earnings results on Thursday, November 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The firm earned $164 million during the quarter, compared to analyst estimates of $177.14 million. Orion Marine Group had a net margin of 0.70% and a return on equity of 1.83%. The business’s revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.27) EPS.

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A number of hedge funds have recently modified their holdings of the stock. Emerald Acquisition Ltd. purchased a new stake in shares of Orion Marine Group during the second quarter valued at $2,375,000. BlackRock Fund Advisors boosted its stake in shares of Orion Marine Group by 9.4% in the third quarter. BlackRock Fund Advisors now owns 2,014,886 shares of the company’s stock valued at $13,802,000 after buying an additional 173,928 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Orion Marine Group by 9.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,339,644 shares of the company’s stock valued at $7,113,000 after buying an additional 116,846 shares during the period. South Dakota Investment Council boosted its stake in shares of Orion Marine Group by 17.2% in the second quarter. South Dakota Investment Council now owns 730,500 shares of the company’s stock valued at $3,879,000 after buying an additional 107,022 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Orion Marine Group by 29,067.6% in the third quarter. JPMorgan Chase & Co. now owns 93,628 shares of the company’s stock valued at $641,000 after buying an additional 93,307 shares during the period. 86.77% of the stock is currently owned by hedge funds and other institutional investors.

About Orion Marine Group

Orion Group Holdings, Inc, formerly 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.

5 Day Chart for NYSE:ORN

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