NYSE:OIIOceaneering International Stock Price, Forecast & News

Oceaneering International's stock was trading at $3.57 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, OII shares have increased by 72.5% and is now trading at $6.16.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Oceaneering International in the last year. There are currently 1 sell rating, 9 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Oceaneering International is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Oceaneering International (NYSE:OII) issued its earnings results on Wednesday, July, 29th. The oil and gas company reported ($0.14) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.21) by $0.07. The oil and gas company earned $427.22 million during the quarter, compared to analysts' expectations of $458.30 million. Oceaneering International had a negative return on equity of 4.16% and a negative net margin of 33.67%. The firm's revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.32) earnings per share.
View Oceaneering International's earnings history.

12 brokers have issued 12-month price objectives for Oceaneering International's stock. Their forecasts range from $4.00 to $20.00. On average, they expect Oceaneering International's stock price to reach $11.21 in the next twelve months. This suggests a possible upside of 82.0% from the stock's current price.
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News coverage about OII stock has been trending somewhat positive recently, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Oceaneering International earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave media headlines about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future.
View the latest news about Oceaneering International.

Oceaneering International saw a decline in short interest in February. As of February 15th, there was short interest totaling 3,840,000 shares, a decline of 13.9% from the January 31st total of 4,460,000 shares. Based on an average daily trading volume, of 1,210,000 shares, the short-interest ratio is currently 3.2 days. Approximately 3.9% of the company's stock are sold short.
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Some companies that are related to Oceaneering International include Schlumberger (SLB), Halliburton (HAL), National-Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), RPC (RES), Helix Energy Solutions Group (HLX), Seacor (CKH), Era Group (ERA), Tidewater (TDW), Oil States International (OIS), Matrix Service (MTRX), Newpark Resources (NR), Geospace Technologies (GEOS) and Natural Gas Services Group (NGS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Oceaneering International investors own include NVIDIA (NVDA), Cisco Systems (CSCO), Bank of America (BAC), Square (SQ), Baidu (BIDU), Editas Medicine (EDIT), Telefonaktiebolaget LM Ericsson (ERIC), Intuitive Surgical (ISRG), Marvell Technology Group (MRVL) and ON Semiconductor (ON).

Oceaneering International trades on the New York Stock Exchange (NYSE) under the ticker symbol "OII."

Oceaneering International's stock is owned by a number of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (2.56%), Principal Financial Group Inc. (0.76%), Healthcare of Ontario Pension Plan Trust Fund (0.31%), Swiss National Bank (0.22%), Sumitomo Mitsui Trust Holdings Inc. (0.14%) and Comerica Bank (0.11%). Company insiders that own Oceaneering International stock include Alan R Curtis, David K Lawrence, Earl Childress, M Kevin Mcevoy, Roderick A Larson, Stephen P Barrett and Witland J Jr Leblanc.
View institutional ownership trends for Oceaneering International.

OII stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Principal Financial Group Inc., Texas Permanent School Fund, and Wedge Capital Management L L P NC.
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OII stock was purchased by a variety of institutional investors in the last quarter, including Healthcare of Ontario Pension Plan Trust Fund, First Quadrant L P CA, UBS Group AG, Nisa Investment Advisors LLC, Sumitomo Mitsui Trust Holdings Inc., Swiss National Bank, Mitsubishi UFJ Kokusai Asset Management Co. Ltd., and Alberta Investment Management Corp. Company insiders that have bought Oceaneering International stock in the last two years include Alan R Curtis, David K Lawrence, Earl Childress, M Kevin Mcevoy, Roderick A Larson, Stephen P Barrett, and Witland J Jr Leblanc.
View insider buying and selling activity for Oceaneering International.

Shares of OII can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of OII stock can currently be purchased for approximately $6.16.

Oceaneering International has a market capitalization of $611.61 million and generates $2.05 billion in revenue each year. The oil and gas company earns $-348,440,000.00 in net income (profit) each year or ($0.82) on an earnings per share basis. Oceaneering International employs 9,100 workers across the globe.

The official website for Oceaneering International is www.oceaneering.com.

Oceaneering International's mailing address is 11911 FM 529, HOUSTON TX, 77041. The oil and gas company can be reached via phone at 713-329-4500 or via email at [email protected]