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Stock Market & Financial Investment News

News Breaks
March 3, 2014
08:14 EDTORNOrion Marine upgraded to Overweight from Equal Weight at Stephens
Stephens upgraded Orion following the Q4 beat citing backlog, improved margin expectations in 2015, and better end markets. Price target raised to $14 from $11.
News For ORN From The Last 14 Days
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February 26, 2015
05:34 EDTORNOrion Marine expects continued elevated levels of domestic energy production
The company commented, "With little exposure to the upstream portion of the energy sector, we expect continued elevated levels of domestic energy production to drive ongoing demand for improved and expanded waterside infrastructure related to the storage, transportation and refining of domestically produced crude. We also continue to track a high level of opportunities related to private recreational customers expanding their facilities throughout the Caribbean. Expansion work for local port authorities also remains a solid source of bid opportunities for us as port authorities continue to execute on capital expansion plans, many of which are related to the opening of the newly widened Panama Canal in 2016. We are also hopeful for a more normalized year of lettings from the Army Corps of Engineers now that funding for the remainder of fiscal year 2015 has been approved. Additionally, fines related to the 2010 oil spill that will fund the RESTORE Act may eventually lead to material bid opportunities in the next 12 to 24 months."
05:33 EDTORNOrion Marine reports FY14-end backlog of $215.9M
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05:32 EDTORNOrion Marine reports Q4 EPS 19c, consensus 11c
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