Orion Group Holdings, Inc. (NYSE:ORN) Receives $14.88 Average PT from Brokerages

Shares of Orion Group Holdings, Inc. (NYSE:ORNGet Free Report) have earned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $14.8750.

A number of analysts have commented on ORN shares. B. Riley Financial reaffirmed a “buy” rating on shares of Orion Group in a research report on Thursday, February 5th. JPMorgan Chase & Co. assumed coverage on Orion Group in a research note on Thursday, January 22nd. They issued an “overweight” rating and a $16.00 price objective on the stock. Roth Mkm started coverage on Orion Group in a research note on Tuesday, February 10th. They set a “buy” rating and a $17.00 target price for the company. DA Davidson lifted their target price on Orion Group from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Orion Group in a report on Thursday, January 22nd.

Get Our Latest Stock Report on ORN

Orion Group Stock Performance

Shares of NYSE ORN opened at $13.41 on Monday. The firm has a 50 day moving average price of $12.19 and a two-hundred day moving average price of $10.09. The stock has a market cap of $535.06 million, a P/E ratio of 268.20 and a beta of 1.15. Orion Group has a 52-week low of $4.64 and a 52-week high of $15.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.35 and a current ratio of 1.36.

Orion Group (NYSE:ORNGet Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The construction company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $233.22 million for the quarter, compared to analyst estimates of $222.42 million. Orion Group had a net margin of 0.29% and a return on equity of 4.17%. As a group, equities analysts forecast that Orion Group will post 0.06 EPS for the current year.

Institutional Investors Weigh In On Orion Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP bought a new position in shares of Orion Group during the third quarter valued at about $33,000. First Horizon Advisors Inc. lifted its position in shares of Orion Group by 171.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,487 shares of the construction company’s stock worth $41,000 after buying an additional 2,832 shares in the last quarter. Comerica Bank lifted its position in shares of Orion Group by 219.7% during the 3rd quarter. Comerica Bank now owns 5,183 shares of the construction company’s stock worth $43,000 after buying an additional 3,562 shares in the last quarter. OpenArc Corporate Advisory LLC purchased a new position in shares of Orion Group in the 4th quarter worth approximately $100,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Orion Group in the third quarter valued at approximately $86,000. 70.25% of the stock is owned by institutional investors.

Key Orion Group News

Here are the key news stories impacting Orion Group this week:

About Orion Group

(Get Free Report)

Orion Group (NYSE:ORN) is a global provider of specialized staffing and workforce solutions, serving clients across the energy, industrial, and technical sectors. The company offers a range of services including engineering and technical recruitment, information technology staffing, and comprehensive workforce management. Orion Group focuses on delivering qualified talent for complex projects, from exploration and production in the oil and gas industry to large-scale infrastructure and manufacturing initiatives.

Founded in 1972 and headquartered in Jacksonville, Florida, Orion Group has grown its operations to support projects in North America, Europe, the Middle East, and the Asia–Pacific region.

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Analyst Recommendations for Orion Group (NYSE:ORN)

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