Orion Marine stock plunges to 52-week low of $5.17 amid market challenges

Orion Marine Group Inc . (NYSE:ORN) stock has faced turbulent waters over the past year, culminating in a 52-week low of $5.17. Recent market activity has been particularly challenging, with the stock dropping nearly 11% in just the past week and 12% year-to-date. InvestingPro data shows the company’s shares trading 53% below their 52-week high of $12.12. Investors have been navigating through a storm of market fluctuations and industry-specific headwinds, which have collectively battered the stock, pushing it to this low point. The company, known for providing construction services for marine infrastructure projects, has been grappling with the broader economic pressures that have left its stock adrift at these lower levels. Despite current challenges, InvestingPro analysis indicates the stock is currently undervalued, with analysts setting price targets between $10 and $14. For deeper insights, including 10 additional ProTips and comprehensive valuation metrics, explore the full Pro Research Report available on InvestingPro.

In other recent news, Orion Group Holdings reported fourth-quarter earnings that did not meet analyst expectations. The company posted adjusted earnings per share of $0.16, falling short of the consensus estimate of $0.18. Revenue for the quarter was $216.9 million, significantly below analyst projections of $265.2 million, although it marked a 7.6% year-over-year increase. For the full year 2024, Orion’s revenue rose to $796.4 million, an 11.9% increase from the previous year, with adjusted EBITDA climbing 75.9% to $41.9 million. However, the company’s 2025 guidance also fell short of Wall Street forecasts, with expected full-year earnings per share between $0.11 and $0.17, below the $0.32 consensus. Revenue for 2025 is projected to be between $800 million and $850 million, compared to analyst estimates of $850.5 million. Orion cited longer lead times on large marine projects as a factor influencing its outlook. The company’s contracted backlog at the end of the quarter was $977.3 million, with nearly $250 million in new contract awards secured in the first quarter of 2025.

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