Movers and SHAKERS
Orion Group Holdings (ORN)
3Q2020 Preview - Progress Looks On Track
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.
Upcoming 3Q2020 operating results and call should be well received. ORN reports tomorrow (10/28) AMC and will host a call on Thursday (10/29) at 10am EST. Call number is 201-493-6739 and code is Orion Group Holdings.
Work on existing projects goes on with limited disruptions from COVID-19 and weather. We have been pleasantly surprised that work in Seattle (Terminal 5 upgrade and a bridge replacement) continued, and there was a negligible impact from weather in 3Q2020. We are looking for operating results to remain solid, albeit a sequential moderation is expected after stronger than expected 2Q2020 operating ...
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.