With 0.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.76 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $30.085 whereas the lowest price it dropped to was $28.83. 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 $26.80. Beta for the stock currently stands at 2.39.
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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 up-trending over the past week, with a rise of 12.01%, but this was up by 21.92% over a month. Three-month performance surged to 9.96% while six-month performance rose 29.11%. The stock gained 45.35% in the past year, while it has gained 41.12% so far this year. A look at the trailing 12-month EPS for OII yields 1.33 with Next year EPS estimates of 1.84. For the next quarter, that number is 0.41. This implies an EPS growth rate of 62.31% for this year and 41.81% for next year.
Float and Shares Shorts:
At present, 100.80 million OII shares are outstanding with a float of 99.12 million shares on hand for trading. On 2024-10-31, short shares totaled 4.35 million, which was 430.99999999999994 higher than short shares on 1727654400. In addition to Mr. Roderick A. Larson as the firm’s President, CEO & Director, Mr. Alan R. Curtis CPA serves as its Senior VP & CFO.
Institutional Ownership:
Through their ownership of 1.0133001 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 2024-09-30, OII reported revenue of $679811000.0 and operating income of $71333000.0. The EBITDA in the recently reported quarter was $103327000.0 and diluted EPS was $0.4.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OII since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OII analysts setting a high price target of 34.0 and a low target of 22.0, the average target price over the next 12 months is 26.8. Based on these targets, OII could surge 13.22% to reach the target high and fall by -26.74% to reach the target low. Reaching the average price target will result in a decline of -10.76% from current levels.
Analysts have provided yearly estimates in a range of $1.4283 being high and $1.15933 being low. For OII, this leads to a yearly average estimate of $1.29845. The surprise factor in the prior quarter was $0.31. Based on analyst estimates, the high estimate for the next quarter is $0.37 and the low estimate is $0.12. The average estimate for the next quarter is thus $0.25.
