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D.A. Davidson Expects Reported Bookings To Decline For Orion Marine Group

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In a report published Friday, D.A. Davidson analyst John B. Rogers reiterated a Neutral rating and $11.00 price target on Orion Marine Group, Inc. (NYSE: ORN).

In the report, D.A. Davidson noted, “Orion reported $60 million of bids in the fourth quarter, a win rate of 21%. Additionally, Orion is the apparent low bidder on $50 million worth of $230 million bids outstanding. We had anticipated $133 million of bookings compared to $137 million last year. Management did not provide comments for final results for Q4 but indicated ‘strong levels of asset utilization'.”

Orion Marine Group closed on Thursday at $10.36.

Latest Ratings for ORN

DateFirmActionFromTo
Aug 2019MaintainsBuy
Jul 2019UpgradesNeutralBuy
Mar 2019MaintainsNeutralNeutral

View More Analyst Ratings for ORN
View the Latest Analyst Ratings

Posted-In: D.A. Davidson John B. RogersAnalyst Color Reiteration Analyst Ratings

 

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