D.A. Davidson Believes Better Utilization And Project Mix Lift Drive Performance For Orion Marine Group

In a report published Friday, D.A. Davidson analyst John B. Rogers reiterated a Neutral rating and $12.00 price target on Orion Marine Group, Inc. (NYSE: ORN).

In the report, D.A. Davidson noted, "Orion Marine reported improved earnings for the fourth quarter of $0.19 per share, up from $0.08 last year and well above our estimate of $0.11. The improved earnings brought full-year EPS to $0.25 from $0.01 last year with sequential improvement through the year."

Orion Marine Group closed on Thursday at $10.26.