Orion Group Holdings (ORN) Earning Favorable Press Coverage, Analysis Shows

Media stories about Orion Group Holdings (NYSE:ORN) have been trending positive on Friday, Alpha One Sentiment reports. Alpha One, a division of Accern, identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Orion Group Holdings earned a daily sentiment score of 0.36 on Alpha One’s scale. Alpha One also assigned media stories about the construction company an impact score of 71 out of 100, meaning that recent press coverage is likely to have an impact on the company’s share price in the immediate future.

Orion Group Holdings (NYSE:ORN) traded down 1.10% during trading on Friday, hitting $7.22. The stock had a trading volume of 110,416 shares. The firm has a 50 day moving average price of $7.66 and a 200-day moving average price of $9.04. The firm’s market capitalization is $200.65 million. Orion Group Holdings has a 1-year low of $4.57 and a 1-year high of $11.11.

Orion Group Holdings (NYSE:ORN) last issued its earnings results on Thursday, May 4th. The construction company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.02. The firm had revenue of $138.80 million during the quarter, compared to the consensus estimate of $126.97 million. Orion Group Holdings had a return on equity of 1.83% and a net margin of 0.70%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) EPS. On average, equities research analysts expect that Orion Group Holdings will post $0.33 EPS for the current year.

A number of brokerages have weighed in on ORN. Canaccord Genuity reissued a “hold” rating on shares of Orion Group Holdings in a research report on Friday, May 5th. FBR & Co reissued a “buy” rating and set a $12.00 price target on shares of Orion Group Holdings in a research report on Friday, May 5th. Finally, Zacks Investment Research downgraded Orion Group Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, March 16th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $9.30.

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In related news, CFO Christopher James Dealmeida sold 6,289 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $7.51, for a total transaction of $47,230.39. Following the transaction, the chief financial officer now owns 33,325 shares in the company, valued at $250,270.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.17% of the stock is owned by corporate insiders.

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.

5 Day Chart for NYSE:ORN

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