Oceaneering International - OII Stock Forecast, Price & News

Oceaneering International, Inc. provides engineered services, products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. The company's Subsea Robotics segment provides remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair. This segment also offers ROV tooling, and survey services, such as hydrographic survey and positioning services, as well as autonomous underwater vehicles for geoscience. As of December 31, 2021, this segment owned 250 work-class ROVs. Its Manufactured Products segment provides distribution and connection systems, including production control umbilicals and field development hardware, pipeline connection, and repair systems to the energy industry; and autonomous mobile robots and automated guided vehicle technology and entertainment systems to various industries. The company's Offshore Projects Group segment offers subsea installation and intervention, including riserless light well intervention services and inspection, and maintenance and repair services; installation and workover control systems, and ROV workover control systems; project management and engineering; and drill pipe riser services and systems, and wellhead load relief solutions. Its Integrity Management & Digital Solutions segment provides asset integrity management; software and analytical solutions for the bulk cargo maritime industry; and software, digital, and connectivity solutions for the energy industry. The company's Aerospace and Defense Technologies segment offers government services and products, including engineering and related manufacturing in defense and space exploration activities to U.S. government agencies and their prime contractors. Oceaneering International, Inc. was founded in 1964 and is headquartered in Houston, Texas.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on OII shares. Cowen set a $15.00 price objective on Oceaneering International in a research report on Monday, June 20th. Barclays decreased their price objective on Oceaneering International from $18.00 to $15.00 and set an "overweight" rating for the company in a report on Tuesday, August 2nd. StockNews.com lowered Oceaneering International from a "buy" rating to a "hold" rating in a research note on Wednesday, May 4th. Finally, Piper Sandler increased their price target on Oceaneering International from $22.50 to $25.00 and gave the stock an "overweight" rating in a research report on Monday, April 18th.

Oceaneering International Stock Up 3.5 %

Shares of NYSE:OII opened at $9.05 on Tuesday. The firm has a market cap of $907.35 million, a price-to-earnings ratio of -14.84 and a beta of 2.78. The company has a quick ratio of 2.07, a current ratio of 2.43 and a debt-to-equity ratio of 1.47. Oceaneering International has a 52-week low of $8.56 and a 52-week high of $18.20. The business's 50 day moving average is $10.60 and its two-hundred day moving average is $12.77.

Oceaneering International (NYSE:OII - Get Rating) last issued its earnings results on Wednesday, July 27th. The oil and gas company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.07). Oceaneering International had a positive return on equity of 0.91% and a negative net margin of 3.24%. The firm had revenue of $524.03 million for the quarter, compared to analyst estimates of $521.02 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The business's revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts predict that Oceaneering International will post 0.27 EPS for the current year.

Insider Activity

In other news, Director Steven A. Webster bought 25,000 shares of the firm's stock in a transaction that occurred on Thursday, June 23rd. The shares were purchased at an average price of $8.72 per share, for a total transaction of $218,000.00. Following the completion of the transaction, the director now owns 99,208 shares in the company, valued at $865,093.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.01% of the company's stock.