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NYSE:OII

Oceaneering International - OII Stock Forecast, Price & News

$9.14
+0.09 (+0.99%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$8.99
$9.38
50-Day Range
$8.65
$13.33
52-Week Range
$8.56
$18.20
Volume
772,515 shs
Average Volume
1.07 million shs
Market Capitalization
$916.38 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$18.33

Oceaneering International MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
93.3% Upside
$17.67 Price Target
Short Interest
Healthy
4.21% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.54mentions of Oceaneering International in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$218,000 Bought Last Quarter
Proj. Earnings Growth
203.70%
From $0.27 to $0.82 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Oils/Energy Sector

90th out of 254 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

9th out of 24 stocks

OII stock logo

About Oceaneering International (NYSE:OII) Stock

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.

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OII Stock News Headlines

Oceaneering Reports Second Quarter 2022 Results
Oceaneering International (NYSE:OII) Stock Price Down 6%
Oceaneering Reports First Quarter 2022 Results
See More Headlines
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OII Company Calendar

Last Earnings
7/27/2022
Today
8/09/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
67523210
Employees
8,500
Year Founded
1969

Price Target and Rating

Average Stock Price Forecast
$17.67
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+100.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-49,310,000.00
Pretax Margin
-0.78%

Debt

Sales & Book Value

Annual Sales
$1.87 billion
Cash Flow
$1.64 per share
Book Value
$5.12 per share

Miscellaneous

Free Float
98,245,000
Market Cap
$916.38 million
Optionable
Optionable
Beta
2.78

Social Links


Key Executives

  • Mr. Roderick A. Larson (Age 55)
    Pres, CEO & Director
    Comp: $4.72M
  • Mr. Alan R. Curtis (Age 56)
    Sr. VP & CFO
    Comp: $1.7M
  • Mr. David K. Lawrence (Age 62)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $1.34M
  • Mr. Eric A. Silva (Age 62)
    Sr. VP & Chief Transformation Officer
    Comp: $1.22M
  • Mr. Martin J. McDonald (Age 58)
    Sr. VP of Subsea Robotics
    Comp: $1.17M
  • Mr. Witland J. LeBlanc Jr. (Age 51)
    VP & Chief Accounting Officer
  • Mr. Mark E. Peterson
    VP of Corp. Devel. & Investor Relations
  • Ms. Holly D. Kriendler (Age 57)
    Sr. VP & Chief HR Officer
  • Mr. John R. Kreider (Age 70)
    Sr. VP of Growth Strategies
  • Mr. Philip G. Beierl (Age 63)
    Sr. VP of Aerospace & Defense Technologies













OII Stock - Frequently Asked Questions

Should I buy or sell Oceaneering International stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Oceaneering International in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" OII shares.
View OII analyst ratings
or view top-rated stocks.

What is Oceaneering International's stock price forecast for 2022?

2 Wall Street analysts have issued 1-year price targets for Oceaneering International's shares. Their OII share price forecasts range from $13.00 to $25.00. On average, they expect the company's share price to reach $17.67 in the next twelve months. This suggests a possible upside of 94.4% from the stock's current price.
View analysts price targets for OII
or view top-rated stocks among Wall Street analysts.

How has Oceaneering International's stock performed in 2022?

Oceaneering International's stock was trading at $11.31 at the start of the year. Since then, OII stock has decreased by 19.6% and is now trading at $9.09.
View the best growth stocks for 2022 here
.

Are investors shorting Oceaneering International?

Oceaneering International saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 4,120,000 shares, an increase of 16.7% from the June 30th total of 3,530,000 shares. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 4.2% of the shares of the company are sold short.
View Oceaneering International's Short Interest
.

When is Oceaneering International's next earnings date?

Oceaneering International is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our OII earnings forecast
.

How were Oceaneering International's earnings last quarter?

Oceaneering International, Inc. (NYSE:OII) announced its quarterly earnings results on Wednesday, July, 27th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by $0.07. The oil and gas company earned $524.03 million during the quarter, compared to the consensus estimate of $521.02 million. Oceaneering International had a positive trailing twelve-month return on equity of 0.91% and a negative net margin of 3.24%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share.

What is Roderick A. Larson's approval rating as Oceaneering International's CEO?

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.

What other stocks do shareholders of Oceaneering International own?

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).

What is Oceaneering International's stock symbol?

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

Who are Oceaneering International's major shareholders?

Oceaneering International's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (4.82%), Brown Advisory Inc. (0.81%), Royce & Associates LP (0.62%), Keating Investment Counselors Inc. (0.46%), Connor Clark & Lunn Investment Management Ltd. (0.36%) and Oldfield Partners LLP (0.13%). Insiders that own company stock include Alan R Curtis, David K Lawrence, Earl Childress, M Kevin Mcevoy, Roderick A Larson, Stephen P Barrett, Steven A Webster, T Jay Collins and Witland J Jr Leblanc.
View institutional ownership trends
.

How do I buy shares of Oceaneering International?

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.
Compare Top Brokerages Here.

What is Oceaneering International's stock price today?

One share of OII stock can currently be purchased for approximately $9.09.

How much money does Oceaneering International make?

Oceaneering International (NYSE:OII) has a market capitalization of $911.36 million and generates $1.87 billion in revenue each year. The oil and gas company earns $-49,310,000.00 in net income (profit) each year or ($0.61) on an earnings per share basis.

How many employees does Oceaneering International have?

Oceaneering International employs 8,500 workers across the globe.

Does Oceaneering International have any subsidiaries?

The following companies are subsidiares of Oceaneering International: AGR Field Operations Holdings AS, Airsis, Blue Ocean Technologies, C & C Technologies (Thailand) Co. Ltd., C & C Technologies Inc., C & C Technologies Inc., CET Medway Ltd., Ecosse Subsea Systems, Grayloc Products Canada Ltd., Grayloc Products L.L.C., Grayloc Products L.L.C., Grayloc Products Ltd., Ifokus Engineering AS, Marine International Ltd., Marine Production Systems Do Brasil Ltda., Marine Production Systems Ltd., Meridian Ocean Services LLC, Norse Cutting & Abandonment Inc., Oceaneering AGV Systems B.V., Oceaneering AGV Systems GmbH, Oceaneering AS, Oceaneering Asset Integrity AS, Oceaneering Australia Pty. Limited, Oceaneering Canada Limited, Oceaneering Ebene Limited, Oceaneering Equatorial Guinea S.A.R.L., Oceaneering Ghana Limited, Oceaneering Holdings Sarl, Oceaneering Holdings Sarl Saudi Arabia Limited, Oceaneering International GmbH, Oceaneering International Holdings LLC, Oceaneering International Holdings Sarl, Oceaneering International S.A. de C.V., Oceaneering International Services Limited, Oceaneering Luxembourg Sarl, Oceaneering Marine Technologies Ltd., Oceaneering Mobile Workforce LLC, Oceaneering Mobile Workforce Limited, Oceaneering Rotator AS, Oceaneering Rotator AS, Oceaneering Senegal SARL, Oceaneering Services (Malaysia) Sdn Bhd, Oceaneering Services Overseas Limited, Oceaneering Services PNG Ltd., Oceaneering Underwater GmbH, Reflange Inc, Socar-Dalgidj LLC, Solus Ocean Systems Inc., and Spectrum Sales & Services LLC.
Read More

When was Oceaneering International founded?

Oceaneering International was founded in 1969.

How can I contact Oceaneering International?

Oceaneering International's mailing address is 11911 FM 529, HOUSTON TX, 77041. The official website for the company is www.oceaneering.com. The oil and gas company can be reached via phone at (713) 329-4500, via email at investorrelations@oceaneering.com, or via fax at 713-329-4951.

This page (NYSE:OII) was last updated on 8/9/2022 by MarketBeat.com Staff

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