With 0.55 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.08 million shares. The 52-week range on OII shows that it touched its highest point at $30.98 and its lowest point at $15.46 during that stretch. It currently has a 1-year price target of $20.50. Beta for the stock currently stands at 1.50.
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 3.55%, but this was up by 7.67% over a month. Three-month performance dropped to -27.47% while six-month performance fell -24.80%. The stock lost -19.70% in the past year, while it has lost -29.52% so far this year. A look at the trailing 12-month EPS for OII yields 1.79 with Next year EPS estimates of 1.72. For the next quarter, that number is 0.41. This implies an EPS growth rate of 42.58% for this year and 6.11% for next year.
Float and Shares Shorts:
At present, 100.59 million OII shares are outstanding with a float of 98.70 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.
