Energy stocks are in the red currently on an otherwise pleasant day in the markets. There isn’t one clear driver behind today’s energy slump. Likely, fears of a recession, compounded by recent developments in oil production, are pushing energy companies down.
Full Answer
Is OEG stock up 70% today?
Currently, OEG stock is up more than 70% at the time of writing. This move comes on extremely heavy volume. More than 160 million shares have traded hands thus far. This compares with an average daily volume of less than 2 million shares.
What is OEG stock price targets based on analysts?
According to the data compiled by MarketBeat, OEG has a consensus target price of $14.50, which is a premium of almost 90 percent over the current prices. The stock is covered by only three analysts and all of them have a buy or equivalent rating.
Who bought orbital energy Group (OEG) stock?
OEG stock was purchased by a variety of institutional investors in the last quarter, including National Bank of Canada FI. Company insiders that have bought Orbital Energy Group stock in the last two years include Daniel Ned Ford, James F Oneil, and William J Clough.
How can I get the latest news and ratings on OEG?
Sign up to receive the latest news and ratings for OEG and its competitors with MarketBeat's FREE daily newsletter. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
What is happening with OEG stock?
Orbital Energy Group Inc (NASDAQ:OEG) The 2 analysts offering 12-month price forecasts for Orbital Energy Group Inc have a median target of 9.25, with a high estimate of 10.00 and a low estimate of 8.50. The median estimate represents a +1,150.00% increase from the last price of 0.74.
Is OEG a buy or sell?
Orbital Energy Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
What is going on with orbital energy?
Orbital Energy Group, Inc. (NASDAQ: OEG) ("Orbital") has reached an agreement in principle with the Front Line Power Construction, LLC ("Front Line") Sellers to pay $20,000,000 in exchange for an extension of the remaining sums due under the recently announced Amendment No. 2 until December 31, 2022.
Is OEG being shorted?
Short Shares Availability This table shows the number of shares of US:OEG available to be shorted at a leading prime brokerage.
Will orbital energy stock recover?
The Orbital Energy Group Inc. stock price fell by -4.98% on the last day (Friday, 3rd Jun 2022) from $1.02 to $0.97. and has now fallen 5 days in a row....Predicted Opening Price for Orbital Energy Group Inc. of Monday, June 6, 2022.Fair opening price June 6, 2022Current price$0.98$0.97 (Undervalued)
Is OEG a buy Zacks?
The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Who owns orbital energy?
Institutional ownership of OEG stands at $16.2 million shares or 16.97% of shares outstanding....Top 10 Owners of Orbital Energy Group Inc.StockholderCowen Prime Advisors LLCShares owned581,453Total value ($)633,784Shares bought / sold+54,1989 more columns
What does OEG company do?
Leading the Pursuit of Innovation Orbital Energy Group, Inc. (OEG) is a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies to create a diversified services platform.
Why is OEG up?
OEG is developing a diversified energy infrastructure services platform. In the nine months ended September 30, 2021, the company reported 110% more revenue than that in the same period in 2020. Management is making these figures thanks to inorganic and organic growth.
Is OEG profitable?
Assuming a net profit margin of 4%, $200M in sales, and a 15x long-term forward "P/E", OEG should be worth around $120M today.
What happens when hedge funds fail to deliver?
Subsequently, the pending failure to deliver creates what are called "phantom shares" in the marketplace, which may dilute the price of the underlying stock. In other words, the buyer on the other side of such trades may own shares, on paper, which do not actually exist.
What happens with FTD stock?
“Failure to deliver” is the phrase used by the investing community when one party in a transaction doesn't follow through with their side of an investment contract or transaction. Generally, it happens when shares or funds aren't delivered to the buyer or seller on the settlement date.
Is OEG stock a buy right now?
2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Orbital Energy Group in the last year. There are current...
Will Orbital Energy Group's stock price go up in 2022?
2 brokers have issued 12 month target prices for Orbital Energy Group's stock. Their forecasts range from $12.00 to $12.00. On average, they predic...
How has Orbital Energy Group's stock price performed in 2022?
Orbital Energy Group's stock was trading at $2.19 at the beginning of the year. Since then, OEG stock has decreased by 56.3% and is now trading at...
When is Orbital Energy Group's next earnings date?
Orbital Energy Group is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022. View our earnings forecast for...
How were Orbital Energy Group's earnings last quarter?
Orbital Energy Group, Inc. (NASDAQ:OEG) released its earnings results on Wednesday, March, 30th. The company reported ($0.21) earnings per share fo...
What guidance has Orbital Energy Group issued on next quarter's earnings?
Orbital Energy Group updated its FY 2022 earnings guidance on Monday, June, 6th. The company provided EPS guidance of for the period. The company i...
Who are Orbital Energy Group's key executives?
Orbital Energy Group's management team includes the following people: Mr. William J. Clough Esq. , Exec. Chairman, Pres & Chief Legal Officer (A...
Who are some of Orbital Energy Group's key competitors?
Some companies that are related to Orbital Energy Group include VOXX International (VOXX) , Richardson Electronics (RELL) , TESSCO Technologies...
What other stocks do shareholders of Orbital Energy Group own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Orbital Energy Group investors own include Walmart (WMT) ,...
What is the OEG symbol?
Orbital Energy Group trades on the NASDAQ under the ticker symbol "OEG."
When will orbital energy earnings be released?
Orbital Energy Group is scheduled to release its next quarterly earnings announcement on Tuesday, August 17th 2021. View our earnings forecast for Orbital Energy Group.
Does orbital energy pay dividends?
Orbital Energy Group does not currently pay a dividend.
What happened
Shares of Orbital Energy Group ( OEG -4.56% ) fell as much as 24% in the first hour of trading on June 2. That comes one day after the stock rocketed higher by more than 100%. There's a reason for all the volatility, but the big takeaway may not be what you think.
So what
Orbital Energy states that it is looking to maximize "shareholder value through the acquisition and development of innovative companies to create a diversified energy infrastructure services platform." It has divisions tied to renewable power, solar, gas systems, and telecommunications services, among other things.
Now what
But step back and ask yourself: What really happened? A tiny company released some good news and investors got excited. One day later they started to take profits. It's really not unusual at all in the grand scheme of things since it often doesn't take much to move the share price of small companies.
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Orbital Energy Group Inc
Orbital Energy Group, Inc. engages in the acquisition, development and commercialization of electro-mechanical products and technologies worldwide.
What is the target price of OEG?
According to the data compiled by MarketBeat, OEG has a consensus target price of $14.50, which is a premium of almost 90 percent over the current prices. The stock is covered by only three analysts and all of them have a buy or equivalent rating. The stock’s lowest target price is $12, while $16.50 is its highest target price.
Who bought Gibson Technical Services?
In April, Orbital Energy announced the acquisition of Gibson Technical Services for $48 million. On June 1, the company announced that Gibson has received a contract for approximately 700 miles of engineering and construction services across Central Mississippi. Orbital Energy said that “GTS ...
Is Orbital Energy stock a good investment?
Orbital Energy could benefit as the Biden administration plans to scale up investments to ramp up renewable energy infrastructure in the country. The rollout of the 5G spectrum would also benefit the company. Analysts expect the company’s revenues to rise over 400 percent in 2021 and over 51 percent in 2022. These estimates might not include the impact of the Central Mississippi project, which was announced this week.