Movers and SHAKERS
Orion Group Holdings (ORN)
Conference Presentation Should Highlight Favorable Outlook
Orion Group Holdings, based in Houston, Texas, is a specialty construction company within the Marine and Industrial Construction sectors, with operations focused in the continental United States and Caribbean. Revenue is split roughly 50/50 between a Marine Construction segment that provides marine facility, pipeline and structural construction services and a Commercial Concrete segment that provides turnkey concrete services in the light commercial and structural construction markets.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Tune into Noble Capital Markets Seventeenth Annual Small & Microcap Investor Conference for an update. ORN management will present live at our annual conference today (January 19th) at 12pm EST (noon). Please see www.channelchek.com for details.
Due to solid execution, we are increasing 2020 EBITDA to $53.7 million from $52.3 million but lowering 2021 EBITDA estimate to $48.7 million from $52.3 million to reflect more conservation tack. Tough comps but profitability remains solid. Industry fundamentals remain positive despite state level concerns about COVID-19. Recent awards on two Marine projects in Florida of $21 million were ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.