With 0.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.8 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $25.025 whereas the lowest price it dropped to was $24.505. The 52-week range on OII shows that it touched its highest point at $30.45 and its lowest point at $18.67 during that stretch. It currently has a 1-year price target of $28.75. Beta for the stock currently stands at 2.37.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OII was down-trending over the past week, with a drop of -8.35%, but this was down by -1.04% over a month. Three-month performance surged to 17.27% while six-month performance rose 23.58%. The stock gained 2.52% in the past year, while it has gained 16.49% so far this year. A look at the trailing 12-month EPS for OII yields 1.22 with Next year EPS estimates of 1.79. For the next quarter, that number is 0.43. This implies an EPS growth rate of 65.20% for this year and 35.63% for next year.
Float and Shares Shorts:
At present, 100.80 million OII shares are outstanding with a float of 99.49 million shares on hand for trading. On 2024-08-15, short shares totaled 4.83 million, which was 476.00000000000006 higher than short shares on 1721001600. In addition to Mr. Roderick A. Larson as the firm’s President, CEO & Director, Mr. Alan R. Curtis serves as its Senior VP & CFO.
Institutional Ownership:
Through their ownership of 1.0111 of OII’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, OII reported revenue of $668808000.0 and operating income of $60364000.0. The EBITDA in the recently reported quarter was $90800000.0 and diluted EPS was $0.34.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OII since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
