With 0.19 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.39 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $5.97 whereas the lowest price it dropped to was $5.841. The 52-week range on OBE shows that it touched its highest point at $9.06 and its lowest point at $4.87 during that stretch. It currently has a 1-year price target of $8.70. Beta for the stock currently stands at 1.46.
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 OBE was up-trending over the past week, with a rise of 1.90%, but this was up by 11.32% over a month. Three-month performance dropped to -2.96% while six-month performance fell -20.81%. The stock lost -11.94% in the past year, while it has gained 1.90% so far this year. A look at the trailing 12-month EPS for OBE yields 1.07 with Next year EPS estimates of 2.06. For the next quarter, that number is 0.53. This implies an EPS growth rate of 42.41% for this year and 52.73% for next year.
Float and Shares Shorts:
At present, 75.25 million OBE shares are outstanding with a float of 73.32 million shares on hand for trading. On 2024-12-13, short shares totaled 3.71 million, which was 499.0 higher than short shares on 1731628800. In addition to Mr. Stephen Elias Loukas as the firm’s President, CEO & Director, Mr. Peter D. Scott serves as its Senior VP & CFO.
Institutional Ownership:
Through their ownership of 0.23943001 of OBE’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, OBE reported revenue of $222000000.0 and operating income of $49400000.0. The EBITDA in the recently reported quarter was $119800000.0 and diluted EPS was $0.42.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OBE since 0 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.242 being high and $1.65261 being low. For OBE, this leads to a yearly average estimate of $1.87267.
