Oceaneering International Stock Price, News & Analysis (NYSE:OII)

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Oceaneering International in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" OII shares.
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3 Wall Street research analysts have issued 12-month price targets for Oceaneering International's stock. Their OII share price targets range from $23.00 to $31.00. On average, they expect the company's stock price to reach $26.33 in the next year. This suggests a possible upside of 27.3% from the stock's current price.
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Oceaneering International's stock was trading at $17.49 at the beginning of the year. Since then, OII stock has increased by 18.3% and is now trading at $20.69.
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Oceaneering International saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 3,460,000 shares, an increase of 20.1% from the October 15th total of 2,880,000 shares. Based on an average trading volume of 1,080,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 3.5% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
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Oceaneering International, Inc. (NYSE:OII) announced its quarterly earnings data on Wednesday, October, 25th. The oil and gas company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.27 by $0.11. The oil and gas company had revenue of $635.18 million for the quarter, compared to analyst estimates of $635.53 million. Oceaneering International had a net margin of 3.30% and a trailing twelve-month return on equity of 12.30%. The company's revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share.

ETFs with the largest weight of Oceaneering International (NYSE:OII) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), SPDR S&P Kensho Final Frontiers ETF (ROKT), Invesco Oil & Gas Services ETF (PXJ), SPDR S&P Oil & Gas Equipment & Services ETF (XES), VanEck Oil Services ETF (OIH), iShares U.S. Oil Equipment & Services ETF (IEZ), Direxion Daily Oil Services Bull 2X Shares (ONG) and Invesco Dorsey Wright Energy Momentum ETF (PXI).

Oceaneering International updated its fourth quarter 2023 earnings guidance on Wednesday, October, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $635.18 million-$635.18 million, compared to the consensus revenue estimate of $630.00 million.

132 employees have rated Oceaneering International Chief Executive Officer Roderick A. Larson on Glassdoor.com. Roderick A. Larson has an approval rating of 79% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Oceaneering International investors own include NVIDIA (NVDA), Block (SQ), Cisco Systems (CSCO), Baidu (BIDU), Editas Medicine (EDIT), Intuitive Surgical (ISRG), ON Semiconductor (ON), Bank of America (BAC), Marvell Technology (MRVL) and Ambarella (AMBA).

Oceaneering International's stock is owned by a number of institutional and retail investors. Top institutional investors include Earnest Partners LLC (4.97%), FMR LLC (4.41%), Van ECK Associates Corp (2.07%), Brown Advisory Inc. (1.90%), Sourcerock Group LLC (1.87%) and Bank of New York Mellon Corp (1.65%). Insiders that own company stock include Alan R Curtis, Christopher J Dyer, Deanna L Goodwin, Earl Childress, Karen H Beachy, M Kevin Mcevoy, Martin J Mcdonald, Shaun Roedel, Steven A Webster and T Jay Collins.
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Shares of OII stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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