Orion Group Holdings (ORN) Given Daily News Sentiment Score of 0.39

Media headlines about Orion Group Holdings (NYSE:ORN) have trended positive on Saturday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Orion Group Holdings earned a media sentiment score of 0.39 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 46.467573551563 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

A number of brokerages have recently issued reports on ORN. FBR & Co cut their price objective on shares of Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, August 18th. Zacks Investment Research downgraded Orion Group Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Canaccord Genuity lowered their target price on Orion Group Holdings from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Friday, August 4th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $8.25.

Orion Group Holdings (NYSE:ORN) opened at 5.35 on Friday. Orion Group Holdings has a 12-month low of $5.17 and a 12-month high of $11.11. The company’s market capitalization is $150.89 million. The firm’s 50 day moving average price is $6.51 and its 200-day moving average price is $7.62.

Orion Group Holdings (NYSE:ORN) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.16. The company had revenue of $137.40 million during the quarter, compared to analyst estimates of $161.68 million. Orion Group Holdings had a negative net margin of 0.98% and a positive return on equity of 1.37%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) EPS. On average, equities analysts anticipate that Orion Group Holdings will post $0.02 earnings per share for the current fiscal year.

In other news, COO Larry Dwayne Breaux sold 3,500 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $7.21, for a total transaction of $25,235.00. Following the transaction, the chief operating officer now owns 142,123 shares in the company, valued at approximately $1,024,706.83. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 8.00% of the company’s stock.

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About Orion Group Holdings

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.