Noble Financial analyst Poe Fratt maintained a Buy rating on Orion Group Holdings (ORN) today and set a price target of $8.25. The company’s shares closed last Friday at $3.26.
According to TipRanks.com, Fratt ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -12.3% and a 40.1% success rate. Fratt covers the Industrial Goods sector, focusing on stocks such as Energy Services of America, Grindrod Shipping Holdings, and Great Lakes Dredge & Dock.
Currently, the analyst consensus on Orion Group Holdings is a Moderate Buy with an average price target of $6.38.
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Based on Orion Group Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $184 million and net profit of $2.03 million. In comparison, last year the company earned revenue of $166 million and had a GAAP net loss of $1.63 million.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ORN in relation to earlier this year.
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Orion Group Holdings, Inc. engages in the provision of specialty construction services in the building, industrial, and infrastructure sectors. It operates through the Marine and Concrete segments. The Marine segment includes the restoration, maintenance, dredging, and repair of marine transportation facilities; pipelines, bridges, and causeways; and environmental structures. The Concrete segment involves cement pouring for products such as columns, elevated beams, sidewalks, ramps, and tilt walls. The company was founded in 1994 and is headquartered in Houston, TX.
