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Noble Financial Sticks to Its Buy Rating for Orion Group Holdings (ORN)

In a report released today, Joe Gomes from Noble Financial maintained a Buy rating on Orion Group Holdings (ORNResearch Report), with a price target of $6.00. The company’s shares closed yesterday at $2.37.

Gomes covers the Services sector, focusing on stocks such as RCI Hospitality Holdings, Fat Brands, and Information Services Group. According to TipRanks, Gomes has an average return of 3.1% and a 37.50% success rate on recommended stocks.

Currently, the analyst consensus on Orion Group Holdings is a Moderate Buy with an average price target of $6.00.

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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 $194.58 million and a GAAP net loss of $3.05 million. In comparison, last year the company earned a revenue of $145.88 million and had a net profit of $3.53 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.

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