News headlines about Orion Group (NYSE:ORN) have been trending positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Orion Group earned a coverage optimism score of 0.43 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 46.9003021673757 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
ORN has been the topic of a number of analyst reports. FBR & Co lowered their target price on shares of Orion Group from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Canaccord Genuity raised shares of Orion Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. B. Riley reissued a “buy” rating on shares of Orion Group in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Orion Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, ValuEngine cut shares of Orion Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $8.50.
Shares of Orion Group (ORN) opened at $7.59 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.49 and a quick ratio of 1.44. Orion Group has a 52 week low of $5.17 and a 52 week high of $11.11.
Orion Group (NYSE:ORN) last issued its quarterly earnings data on Wednesday, November 8th. The construction company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.25). The firm had revenue of $140.20 million for the quarter, compared to the consensus estimate of $166.08 million. Orion Group had a negative return on equity of 2.96% and a negative net margin of 2.76%. Orion Group’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 earnings per share. analysts forecast that Orion Group will post -0.05 earnings per share for the current year.
In other Orion Group news, Director Austin J. Shanfelter sold 9,721 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $7.50, for a total transaction of $72,907.50. Following the sale, the director now directly owns 31,430 shares of the company’s stock, valued at $235,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.00% of the stock is currently owned by corporate insiders.
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About Orion Group
Orion Group Holdings, Inc, formerly Orion Marine Group, Inc, is engaged in 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.
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