Orion Group (NYSE:ORN) Earns Buy Rating from Noble Financial

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Noble Financial reissued their buy rating on shares of Orion Group (NYSE:ORN) in a report issued on Sunday, AnalystRatings.com reports. The brokerage currently has a $7.10 price objective on the construction company’s stock.

Several other research firms have also recently commented on ORN. Mizuho reaffirmed a buy rating and issued a $7.10 target price on shares of Orion Group in a research report on Tuesday, July 2nd. B. Riley raised their target price on shares of Orion Group from $5.00 to $5.75 and gave the stock a buy rating in a research report on Friday, August 2nd. Finally, ValuEngine cut shares of Orion Group from a strong-buy rating to a buy rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $6.54.

Shares of ORN opened at $4.30 on Friday. The stock has a market capitalization of $123.22 million, a P/E ratio of -11.62 and a beta of 1.11. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.75. The firm has a fifty day simple moving average of $4.34 and a two-hundred day simple moving average of $3.33. Orion Group has a twelve month low of $1.80 and a twelve month high of $7.29.

Orion Group (NYSE:ORN) last announced its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.15. The business had revenue of $165.99 million during the quarter, compared to analysts’ expectations of $153.44 million. Orion Group had a negative net margin of 20.68% and a negative return on equity of 12.42%. Sell-side analysts expect that Orion Group will post -0.18 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of Orion Group by 42.9% in the 1st quarter. SG Americas Securities LLC now owns 16,374 shares of the construction company’s stock worth $48,000 after purchasing an additional 4,914 shares during the period. Alambic Investment Management L.P. purchased a new stake in shares of Orion Group in the 2nd quarter worth about $38,000. Eidelman Virant Capital purchased a new stake in shares of Orion Group in the 2nd quarter worth about $80,000. RBF Capital LLC purchased a new stake in shares of Orion Group in the 2nd quarter worth about $1,946,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Orion Group by 8.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,387,323 shares of the construction company’s stock worth $11,750,000 after purchasing an additional 348,362 shares during the period. 78.92% of the stock is owned by hedge funds and other institutional investors.

About Orion Group

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the continental United States, Alaska, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company's marine construction services include construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.

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