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Orchid Island CapitalNYSE: ORC

Profile

Industry:

Mortgage

Country:

United States

IPO:

14 February 2013

Next earnings report:

31 January 2025

Last dividends:

31 October 2024

Next dividends:

N/A
$591.25 M
-30%vs. 3y high
36%vs. sector
-94%vs. 3y high
6%vs. sector
-22%vs. 3y high
36%vs. sector
-90%vs. 3y high
75%vs. sector

Price

after hours | Fri, 01 Nov 2024 23:56:38 GMT
$7.54-$0.09(-1.17%)
$21.59 M$30.00 K
$21.59 M$17.32 M

Analysts recommendations

Institutional Ownership

ORC Latest News

Orca Energy Group Inc. Announces an Operational Update
globenewswire.com01 November 2024 Sentiment: NEUTRAL

TORTOLA, British Virgin Islands, Nov. 01, 2024 (GLOBE NEWSWIRE) -- November 1, 2024: Orca Energy Group Inc. ("Orca" or the "Company") and includes its subsidiaries and affiliates, including PanAfrican Energy Tanzania Limited ("PAET") and Pan African Energy Corporation (Mauritius) ("PAEM") (TSX-V: ORC.A, ORC.B) announces an operational update.

Orchid Island Capital, Inc. (ORC) Q3 2024 Earnings Call Transcript
seekingalpha.com25 October 2024 Sentiment: NEUTRAL

Orchid Island Capital, Inc. (NYSE:ORC ) Q3 2024 Earnings Conference Call October 25, 2024 10:00 AM ET Company Participants Robert Cauley - Chairman and CEO Hunter Haas - CFO Conference Call Participants Jason Weaver - JonesTrading Mikhail Goberman - Citizens JMP Jason Stewart - Janney Montgomery Scott Christopher Nolan - Landenburg Thalmann & Co. Eric Hagen - BTIG Operator Good morning and welcome to the Third Quarter 2024 Earnings Conference Call of Orchid Island Capital. This call is being recorded today, October 25th, 2024.

Orchid Island Capital to Announce Third Quarter 2024 Results
globenewswire.com07 October 2024 Sentiment: NEUTRAL

VERO BEACH, Fla., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid” or the "Company"), a real estate investment trust ("REIT"), today announced that it will release results for the third quarter of 2024 following the close of trading on the New York Stock Exchange on Thursday, October 24, 2024.

Orca Energy Group Inc. Announces Completion of Q2 2024 Interim Filings
globenewswire.com22 August 2024 Sentiment: POSITIVE

TORTOLA, British Virgin Islands, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. (“Orca” or the “Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) today announces that it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the three and six month periods ended June 30, 2024 ("Q2 2024") with the Canadian securities regulatory authorities. All amounts are in United States dollars (“$”) unless otherwise stated.

Orca Announces Quarterly Dividend
globenewswire.com21 August 2024 Sentiment: POSITIVE

TORTOLA, British Virgin Islands, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. (“Orca” or the “Company”) (TSX-V: ORC.A, ORC.B) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 (Cdn) per Class A Common Voting Share ("Class A Shares") of the Company and $0.10 (Cdn) per Class B Subordinate Voting Share ("Class B Shares") of the Company. The dividend will be payable on October 14 , 2024 to holders of Class A Shares and Class B Shares of record on September 30, 2024.

Orca Energy Group Inc. Announces $1.2 billion of Claims Against the United Republic of Tanzania and Tanzania Petroleum Development Corporation
globenewswire.com07 August 2024 Sentiment: NEGATIVE

TORTOLA, British Virgin Islands, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. ("Orca" or the "Company" and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) announces that its 100% wholly-owned subsidiaries, PanAfrican Energy (Tanzania) ("PAET") and Pan African Energy Corporation (Mauritius) ("PAEM"), have issued a notice of dispute in respect of an investment treaty claim under the Agreement on Promotion and Reciprocal Protection of Investment between the Government of the Republic of Mauritius and the Government of the United Republic of Tanzania ("Government of Tanzania")(the "BIT") against the Government of Tanzania for breach of the BIT, alongside notifying a contractual dispute against the Government of Tanzania and Tanzanian Petroleum Development Corporation ("TPDC"), a petroleum corporation owned and controlled by the Government of Tanzania, for breaches of: (i) the Production Sharing Agreement between the Government of Tanzania, TPDC, and PAET (the "PSA"), and (ii) the Gas Agreement between the Government of Tanzania, TPDC, Songas Limited ("Songas") and PAET (the "GA"), for an amount in excess of $1.2 billion. All amounts set forth herein are in United States dollars ("$") unless otherwise stated.

Orca Energy Group Inc. Announces Update on Negotiations with the United Republic of Tanzania and Tanzania Petroleum Development Corporation
globenewswire.com29 July 2024 Sentiment: NEGATIVE

TORTOLA, British Virgin Islands, July 29, 2024 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. ("Orca" or the "Company" and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) announces an update that its 100% wholly-owned subsidiary PanAfrican Energy Tanzania Limited ("PAET") has failed to reach a commercial resolution of the outstanding gas sales contract negotiations and license extension with Tanzania Petroleum Development Corporation ("TPDC"), a petroleum corporation owned and controlled by the United Republic of Tanzania ("Tanzania"), and the Government of the United Republic of Tanzania ("Government of Tanzania") under the (i) the Production Sharing Agreement between the Government of Tanzania, TPDC, and PAET dated October 11, 2001 (the "PSA"), and (ii) the terms and conditions set forth in the Gas Agreement between the Government of Tanzania, TPDC, Songas Limited ("Songas") and PAET dated October 11, 2001 (the "GA"). All amounts set forth herein are in United States dollars ("$") unless otherwise stated.

Orchid Island Capital: Q2 Earnings Show No Signs Of Turning Around
seekingalpha.com29 July 2024 Sentiment: NEGATIVE

Orchid Island Capital reported a net loss of 9 cents per share, with book value dropping from $9.12 to $8.58 and a total return margin of -1.97%. The company's high leverage, share dilution, and overpaying in dividends have led to consistent losses and underperformance for investors. Despite claims of sustainable dividends based on "Adjusted Economic Income per Share," the long-term history of dividend cuts and poor performance make investing in ORC stock risky.

Orchid Island Capital, Inc. (ORC) Q2 2024 Earnings Call Transcript
seekingalpha.com26 July 2024 Sentiment: NEUTRAL

Orchid Island Capital, Inc. (NYSE:ORC ) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants Robert Cauley - Chairman and CEO Hunter Haas - CFO Conference Call Participants Jason Stewart - Janney Eric Hagen - BTIG. Mikhail Goberman - Citizens Christopher Nolan - Ladenberg Thalman Jim Fowler - Kingsbarn Capital Operator Hello, good morning and welcome to the Second Quarter 2024 Earnings Conference Call of Orchid Island Capital.

Assessing Orchid Island's Performance For Q2 2024
seekingalpha.com22 July 2024 Sentiment: NEUTRAL

Orchid Island Capital, Inc.'s BV matched my/our expectations (well within range; only a $0.02 per share variance). ORC's core earnings equivalent also matched expectations (less than a $0.005 per share variance). No surprises. No change in Orchid Island Capital's percentage recommendation ranges or risk/performance rating. ORC is currently deemed modestly overvalued (SELL). A modest-notable pullback would first need to occur before considering a purchase. Orchid Island Capital's modest BV decrease will likely be slightly more severe than most sub-sector peers. I want to see continued improvement in the company's core earnings equivalent metric before an upgrade.

  • 1(current)

What type of business is Orchid Island Capital?

Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities. The company has elected to be taxed as a real estate investment trust (REIT) for the United States federal income tax purposes. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to stockholders, if it annually distributes dividends equal to at least 90% of its REIT taxable income to its stockholders. Orchid Island Capital, Inc. was incorporated in 2010 and is headquartered in Vero Beach, Florida.

What sector is Orchid Island Capital in?

Orchid Island Capital is in the Real Estate sector

What industry is Orchid Island Capital in?

Orchid Island Capital is in the Mortgage industry

What country is Orchid Island Capital from?

Orchid Island Capital is headquartered in United States

When did Orchid Island Capital go public?

Orchid Island Capital initial public offering (IPO) was on 14 February 2013

What is Orchid Island Capital website?

https://www.orchidislandcapital.com

Is Orchid Island Capital in the S&P 500?

No, Orchid Island Capital is not included in the S&P 500 index

Is Orchid Island Capital in the NASDAQ 100?

No, Orchid Island Capital is not included in the NASDAQ 100 index

Is Orchid Island Capital in the Dow Jones?

No, Orchid Island Capital is not included in the Dow Jones index

When was Orchid Island Capital the previous earnings report?

No data

When does Orchid Island Capital earnings report?

The next expected earnings date for Orchid Island Capital is 31 January 2025