Positive Media Coverage Somewhat Unlikely to Affect Orion Group Holdings (ORN) Share Price
News articles about Orion Group Holdings (NYSE:ORN) have trended positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Orion Group Holdings earned a news sentiment score of 0.43 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 46.9131262462369 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Critical Survey: Orion Group Holdings (ORN) versus Chicago Bridge & Iron Company N.V. (CBI) (americanbankingnews.com)
- Director of Orion Group Holdings Inc (NYSE:ORN), Shanfelter Austin J, sells 2,744 shares worth $21,156 (empowerednews.net)
- $174.57 Million in Sales Expected for Orion Group Holdings, Inc. (ORN) This Quarter (americanbankingnews.com)
- Austin J. Shanfelter Sells 9,721 Shares of Orion Group Holdings, Inc. (ORN) Stock (americanbankingnews.com)
- $0.10 Earnings Per Share Expected for Orion Group Holdings, Inc. (ORN) This Quarter (americanbankingnews.com)
Orion Group Holdings (ORN) traded down $0.09 during trading on Friday, reaching $7.77. The company had a trading volume of 71,800 shares, compared to its average volume of 125,946. Orion Group Holdings has a 52-week low of $5.17 and a 52-week high of $11.11. The company has a quick ratio of 1.44, a current ratio of 1.49 and a debt-to-equity ratio of 0.30.
Orion Group Holdings (NYSE:ORN) last released its earnings results on Wednesday, November 8th. The construction company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.25). The business had revenue of $140.20 million during the quarter, compared to analyst estimates of $166.08 million. Orion Group Holdings had a negative net margin of 2.76% and a negative return on equity of 2.96%. The business’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. research analysts predict that Orion Group Holdings will post -0.05 EPS for the current year.
A number of research firms have recently weighed in on ORN. B. Riley reissued a “buy” rating on shares of Orion Group Holdings in a report on Wednesday, November 1st. FBR & Co dropped their target price on Orion Group Holdings from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, August 18th. Canaccord Genuity dropped 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. Zacks Investment Research upgraded Orion Group Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, ValuEngine lowered Orion Group Holdings 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 issued a hold rating and three have issued a buy rating to the company. Orion Group Holdings presently has a consensus rating of “Hold” and an average target price of $8.50.
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In related news, Director Austin J. Shanfelter sold 9,721 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $7.50, for a total value of $72,907.50. Following the completion of the transaction, the director now directly owns 31,430 shares in the company, valued at $235,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.00% of the company’s stock.
Orion Group Holdings Company Profile
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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