Breaking Down the Components: IGE May Have a Value of $53
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 18 2025
0mins
Source: NASDAQ.COM
ETF Analysis: The iShares North American Natural Resources ETF (IGE) has an implied analyst target price of $52.62 per unit, indicating a potential upside of 15.29% from its current trading price of $45.64.
Notable Holdings: Key underlying holdings with significant upside include Alamos Gold Inc (AGI), Cenovus Energy Inc (CVE), and O-I Glass Inc (OI), with expected increases of 35.21%, 25.35%, and 22.66% respectively.
Analyst Target Justification: There are questions regarding whether analysts' targets are justified or overly optimistic, considering recent developments in the companies and industry.
Investor Research: Investors are encouraged to conduct further research to assess the validity of these analyst targets and their implications for future stock performance.
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Analyst Views on OI
Wall Street analysts forecast OI stock price to rise
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 9.010
Low
17.00
Averages
18.20
High
21.00
Current: 9.010
Low
17.00
Averages
18.20
High
21.00
About OI
O-I Glass, Inc. is a producer of glass bottles and jars around the globe. The Company specializes in the glass container segment of the rigid packaging market. Its segments include the Americas and Europe. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine. The Company also produces glass packaging for a variety of food items, soft drinks, teas, juices and pharmaceuticals. The Company manufactures glass containers in a range of sizes, shapes and colors and is active in new product development and glass container innovation. It sells most of its glass container products directly to customers under annual or multi-year supply agreements. It also sells some of its products through distributors. It operates approximately 64 glass manufacturing plants in 18 countries. It also provides engineering support for its glass manufacturing operations through facilities located in the United States, Poland and Peru.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
O-I Glass Director Acquires 12,000 Shares, Signaling Bullish Outlook
- Share Acquisition Details: On May 15, 2026, O-I Glass Director Samuel R. Chapin acquired 12,000 shares through an open-market purchase valued at approximately $102,000, increasing his direct holdings by 14% from 85,482 to 97,482 shares.
- Transaction Context: This purchase marks Chapin's only open-market transaction in the past two years, indicating his bullish sentiment towards O-I Glass, especially after the stock hit a 52-week low.
- Company Financial Overview: O-I Glass reported Q1 sales of $1.54 billion, down from $1.57 billion year-over-year, with adjusted EPS dropping to $0.05 from $0.40, leading to a reduction in full-year guidance for key financial metrics.
- Market Outlook: Despite current challenges, Chapin's acquisition suggests confidence in a potential recovery in the second half of the year, with a price-to-sales ratio of 0.21 indicating the stock may be undervalued relative to historical performance, presenting a buying opportunity for investors.
See More
O-I Glass Director Increases Shareholding
- Share Acquisition: Director Samuel Chapin acquired 12,000 shares of O-I Glass on May 15, 2026, for approximately $102,000, increasing his direct holdings by 14.04% from 85,482 to 97,482 shares, indicating confidence in the company's future prospects.
- Market Performance Insight: Despite O-I Glass facing a stock price decline in 2026, hitting a 52-week low of $8 on April 29, Chapin's purchase suggests he views the current price as attractive, potentially signaling a rebound.
- Financial Performance Decline: The company reported Q1 sales of $1.54 billion, down from $1.57 billion the previous year, with adjusted EPS dropping to $0.05 from $0.40, alongside a reduction in full-year guidance, highlighting operational challenges.
- Investor Sentiment: Chapin's acquisition may encourage other investors to consider O-I Glass, although the analyst team did not include it in their current top stock picks; however, its low price-to-sales ratio of 0.21 suggests the stock is cheap relative to historical performance, presenting a potential long-term investment opportunity.
See More
LEVIN Capital Reduces Stake in O-I Glass
- Share Reduction Details: LEVIN Capital disclosed the sale of 670,374 shares of O-I Glass in Q1 2026, with an estimated transaction value of $9.23 million, indicating a cautious approach towards its investment in the company.
- Position Value Decline: Following the sale, LEVIN's position in O-I Glass saw a decline of $14.39 million, illustrating the dual impact of stock price movements and trading activities, with the current holding at 1,058,776 shares valued at $11.13 million.
- Portfolio Adjustment: O-I Glass now represents only 0.84% of LEVIN's 13F reportable AUM, no longer making it one of the top five holdings, which signifies a decrease in its relative importance within the investment portfolio.
- Market Performance Analysis: As of May 21, 2026, O-I Glass shares were priced at $9.01, reflecting a 33.5% decline over the past year, significantly underperforming the S&P 500 by about 69 percentage points, highlighting the structural challenges and market pressures the company faces.
See More
LEVIN Capital Reduces O-I Glass Holdings
- Share Reduction Details: LEVIN Capital Strategies, L.P. disclosed the sale of 670,374 shares of O-I Glass in Q1, with an estimated transaction value of $9.23 million, indicating the company's ongoing market uncertainties and pressures.
- Position Value Decline: By quarter-end, LEVIN held 1,058,776 shares valued at $11.13 million, with a net position value decline of $14.39 million, highlighting the impact of stock price fluctuations on the investment portfolio.
- Market Environment Challenges: O-I Glass is grappling with structural challenges as glass is heavier and more expensive to ship compared to aluminum and plastic, leading to weakened demand from major customers and increasing operational risks for the company.
- Investor Confidence Issues: Given O-I Glass's heavy debt burden and competitive market pressures, analysts suggest that investors should exercise caution regarding the stock until meaningful restructuring progress is observed.
See More
O-I Glass Prices $500 Million Senior Notes Offering
- Offering Size: O-I Glass's subsidiary, Owens-Brockway Glass Container Inc., has priced a $500 million offering of senior notes at a 9.50% interest rate, with expected net proceeds of approximately $495 million, set to close on May 18.
- Debt Redemption Strategy: The proceeds from this offering will be utilized to redeem outstanding 6.625% senior notes due in 2027, aiming to reduce the company's debt costs and optimize its capital structure, thereby enhancing financial flexibility.
- Market Reaction: Following the announcement, O-I Glass's stock price declined, indicating market concerns regarding the company's future profitability, particularly in light of rising global energy costs.
- Earnings Guidance Revision: The company has lowered its adjusted EPS guidance for 2026 to between $1.00 and $1.50, highlighting the increased challenges and uncertainties O-I Glass faces in the current economic environment.
See More
O-I Glass Launches $500 Million Senior Notes Offering
- Financing Plan: O-I Glass's subsidiary OBGC intends to offer $500 million in senior notes, expected to be used to redeem the 6.625% senior notes due 2027, thereby optimizing capital structure and reducing interest burdens.
- Compliance Note: The offering will be made only to qualified institutional buyers under Rule 144A and Regulation S of the U.S. Securities Act, ensuring compliance and reducing legal risks while enhancing investor confidence.
- Financial Background: O-I Glass achieved net sales of $6.4 billion in 2025, demonstrating strong performance in the global glass container market, and this financing will further support its business expansion and competitive positioning.
- Market Outlook: With the rising global demand for sustainable packaging, O-I Glass's financing plan not only aids short-term financial stability but also provides funding for long-term growth, aligning with industry development trends.
See More
O-I Glass Director Acquires 12,000 Shares, Signaling Bullish Outlook
- Share Acquisition Details: On May 15, 2026, O-I Glass Director Samuel R. Chapin acquired 12,000 shares through an open-market purchase valued at approximately $102,000, increasing his direct holdings by 14% from 85,482 to 97,482 shares.
- Transaction Context: This purchase marks Chapin's only open-market transaction in the past two years, indicating his bullish sentiment towards O-I Glass, especially after the stock hit a 52-week low.
- Company Financial Overview: O-I Glass reported Q1 sales of $1.54 billion, down from $1.57 billion year-over-year, with adjusted EPS dropping to $0.05 from $0.40, leading to a reduction in full-year guidance for key financial metrics.
- Market Outlook: Despite current challenges, Chapin's acquisition suggests confidence in a potential recovery in the second half of the year, with a price-to-sales ratio of 0.21 indicating the stock may be undervalued relative to historical performance, presenting a buying opportunity for investors.
See More
O-I Glass Director Increases Shareholding
- Share Acquisition: Director Samuel Chapin acquired 12,000 shares of O-I Glass on May 15, 2026, for approximately $102,000, increasing his direct holdings by 14.04% from 85,482 to 97,482 shares, indicating confidence in the company's future prospects.
- Market Performance Insight: Despite O-I Glass facing a stock price decline in 2026, hitting a 52-week low of $8 on April 29, Chapin's purchase suggests he views the current price as attractive, potentially signaling a rebound.
- Financial Performance Decline: The company reported Q1 sales of $1.54 billion, down from $1.57 billion the previous year, with adjusted EPS dropping to $0.05 from $0.40, alongside a reduction in full-year guidance, highlighting operational challenges.
- Investor Sentiment: Chapin's acquisition may encourage other investors to consider O-I Glass, although the analyst team did not include it in their current top stock picks; however, its low price-to-sales ratio of 0.21 suggests the stock is cheap relative to historical performance, presenting a potential long-term investment opportunity.
See More
LEVIN Capital Reduces Stake in O-I Glass
- Share Reduction Details: LEVIN Capital disclosed the sale of 670,374 shares of O-I Glass in Q1 2026, with an estimated transaction value of $9.23 million, indicating a cautious approach towards its investment in the company.
- Position Value Decline: Following the sale, LEVIN's position in O-I Glass saw a decline of $14.39 million, illustrating the dual impact of stock price movements and trading activities, with the current holding at 1,058,776 shares valued at $11.13 million.
- Portfolio Adjustment: O-I Glass now represents only 0.84% of LEVIN's 13F reportable AUM, no longer making it one of the top five holdings, which signifies a decrease in its relative importance within the investment portfolio.
- Market Performance Analysis: As of May 21, 2026, O-I Glass shares were priced at $9.01, reflecting a 33.5% decline over the past year, significantly underperforming the S&P 500 by about 69 percentage points, highlighting the structural challenges and market pressures the company faces.
See More
LEVIN Capital Reduces O-I Glass Holdings
- Share Reduction Details: LEVIN Capital Strategies, L.P. disclosed the sale of 670,374 shares of O-I Glass in Q1, with an estimated transaction value of $9.23 million, indicating the company's ongoing market uncertainties and pressures.
- Position Value Decline: By quarter-end, LEVIN held 1,058,776 shares valued at $11.13 million, with a net position value decline of $14.39 million, highlighting the impact of stock price fluctuations on the investment portfolio.
- Market Environment Challenges: O-I Glass is grappling with structural challenges as glass is heavier and more expensive to ship compared to aluminum and plastic, leading to weakened demand from major customers and increasing operational risks for the company.
- Investor Confidence Issues: Given O-I Glass's heavy debt burden and competitive market pressures, analysts suggest that investors should exercise caution regarding the stock until meaningful restructuring progress is observed.
See More
O-I Glass Prices $500 Million Senior Notes Offering
- Offering Size: O-I Glass's subsidiary, Owens-Brockway Glass Container Inc., has priced a $500 million offering of senior notes at a 9.50% interest rate, with expected net proceeds of approximately $495 million, set to close on May 18.
- Debt Redemption Strategy: The proceeds from this offering will be utilized to redeem outstanding 6.625% senior notes due in 2027, aiming to reduce the company's debt costs and optimize its capital structure, thereby enhancing financial flexibility.
- Market Reaction: Following the announcement, O-I Glass's stock price declined, indicating market concerns regarding the company's future profitability, particularly in light of rising global energy costs.
- Earnings Guidance Revision: The company has lowered its adjusted EPS guidance for 2026 to between $1.00 and $1.50, highlighting the increased challenges and uncertainties O-I Glass faces in the current economic environment.
See More
O-I Glass Launches $500 Million Senior Notes Offering
- Financing Plan: O-I Glass's subsidiary OBGC intends to offer $500 million in senior notes, expected to be used to redeem the 6.625% senior notes due 2027, thereby optimizing capital structure and reducing interest burdens.
- Compliance Note: The offering will be made only to qualified institutional buyers under Rule 144A and Regulation S of the U.S. Securities Act, ensuring compliance and reducing legal risks while enhancing investor confidence.
- Financial Background: O-I Glass achieved net sales of $6.4 billion in 2025, demonstrating strong performance in the global glass container market, and this financing will further support its business expansion and competitive positioning.
- Market Outlook: With the rising global demand for sustainable packaging, O-I Glass's financing plan not only aids short-term financial stability but also provides funding for long-term growth, aligning with industry development trends.
See More
