In a report released today, Poe Fratt from Noble Financial maintained a Buy rating on Orion Group Holdings (ORN – Research Report), with a price target of $7.40. The company’s shares closed last Monday at $3.01.
According to TipRanks.com, Fratt has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -15.6% and a 29.4% success rate. Fratt covers the Services sector, focusing on stocks such as Energy Services of America, Great Lakes Dredge & Dock, and Eagle Bulk Shipping.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Orion Group Holdings with a $5.70 average price target.
Based on Orion Group Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $167 million and net profit of $2.72 million. In comparison, last year the company earned revenue of $143 million and had a GAAP net loss of $7.92 million.
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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.