With 1.02 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.78 million shares. The 52-week range on OII shows that it touched its highest point at $30.98 and its lowest point at $19.68 during that stretch. It currently has a 1-year price target of $29.25. Beta for the stock currently stands at 2.43.
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 -6.34%, but this was down by -11.22% over a month. Three-month performance dropped to -24.68% while six-month performance fell -17.17%. The stock gained 3.24% in the past year, while it has lost -13.27% so far this year. A look at the trailing 12-month EPS for OII yields 1.44 with Next year EPS estimates of 2.08. For the next quarter, that number is 0.31. This implies an EPS growth rate of 57.22% for this year and 16.16% for next year.
Float and Shares Shorts:
At present, 100.66 million OII shares are outstanding with a float of 98.72 million shares on hand for trading.
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.
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 $1.38009 being high and $1.19233 being low. For OII, this leads to a yearly average estimate of $1.28621. Based on analyst estimates, the high estimate for the next quarter is $0.47 and the low estimate is $0.45. The average estimate for the next quarter is thus $0.46.
