NYSE:OII

Oceaneering International (OII) Stock Forecast, Price & News

$27.24

+1.21 (+4.65%)

(As of 03:04 PM ET)

Compare

Today's Range: $26.19
▼
$27.46
50-Day Range: $20.85
▼
$26.03
52-Week Range: $7.69
▼
$27.46

Volume: 1.19 million shs
Average Volume: 951,322 shs
Market Capitalization: $2.75 billion

P/E Ratio: 42.56
Dividend Yield: N/A
Price Target: $23.75

Oceaneering International MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 12.3% Downside
$23.75 Price Target
Short Interest: Healthy
3.77% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.79
Based on 14 Articles This Week
Insider Trading: Selling Shares
$103,152 Sold Last Quarter
Proj. Earnings Growth: 66.67%
From $0.87 to $1.45 Per Share

Overall MarketRank^™

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

2.00 out of 5 stars

Oils/Energy Sector

176th out of 245 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

14th out of 19 stocks

1.3

Analyst's Opinion

Consensus Rating
Oceaneering International has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $23.75, Oceaneering International has a forecasted downside of 12.3% from its current price of $27.08.
Amount of Analyst Coverage
Oceaneering International has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.77% of the float of Oceaneering International has been sold short.
Short Interest Ratio / Days to Cover
Oceaneering International has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Oceaneering International has recently increased by 4.79%, indicating that investor sentiment is decreasing.

0.8

Dividend Strength

Dividend Yield
Oceaneering International does not currently pay a dividend.
Dividend Growth
Oceaneering International does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Oceaneering International is 93.75%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Oceaneering International will have a dividend payout ratio of 41.38% next year. This indicates that Oceaneering International will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OII.

2.7

News and Social Media Coverage

News Sentiment
Oceaneering International has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Oceaneering International this week, compared to 3 articles on an average week.
Search Interest
Only 7 people have searched for OII on MarketBeat in the last 30 days. This is a decrease of -42% compared to the previous 30 days.
MarketBeat Follows
7 people have added Oceaneering International to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Oceaneering International insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $103,152.00 in company stock.
Percentage Held by Insiders
Only 2.30% of the stock of Oceaneering International is held by insiders.
Percentage Held by Institutions
91.91% of the stock of Oceaneering International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Oceaneering International are expected to grow by 66.67% in the coming year, from $0.87 to $1.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Oceaneering International is 42.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.52.
Price to Earnings Ratio vs. Sector
The P/E ratio of Oceaneering International is 42.31, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.23.
Price to Book Value per Share Ratio
Oceaneering International has a P/B Ratio of 5.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Oceaneering International (NYSE:OII) Stock

Oceaneering International, Inc. provides engineered services and 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. 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 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; diving services; 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.

OII Price History

30 days | 90 days | 365 days | Advanced Chart

OII Stock News Headlines

September 27, 2023 | finance.yahoo.com

Oceaneering Announces Expiration and Results of Cash Tender Offer for Any and All of its Outstanding 4.650% Senior Notes due 2024

September 26, 2023 | americanbankingnews.com

Oceaneering International (NYSE:OII) Given New $31.00 Price Target at Citigroup

September 27, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

September 26, 2023 | americanbankingnews.com

Oceaneering International (NYSE:OII) Shares Gap Up After Analyst Upgrade

September 25, 2023 | msn.com

Oceaneering sparked by Citi's positive catalyst watch as expectations too low

September 25, 2023 | finance.yahoo.com

Unveiling Oceaneering International (OII)'s Value: Is It Really Priced Right? A Comprehensive Guide

September 25, 2023 | finance.yahoo.com

Decoding Oceaneering International Inc (OII)'s Performance Potential: A Deep Dive into Key Metrics

September 25, 2023 | markets.businessinsider.com

Citi Sticks to Its Buy Rating for Oceaneering International (OII)

September 27, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

September 23, 2023 | americanbankingnews.com

Oceaneering International (NYSE:OII) vs. Aris Water Solutions (NYSE:ARIS) Head to Head Review

September 21, 2023 | finance.yahoo.com

Oceaneering Announces Pricing of Private Offering of $200 Million of Senior Notes

September 20, 2023 | finance.yahoo.com

Oceaneering Announces Cash Tender Offer for Any and All of its Outstanding 4.650% Senior Notes due 2024

September 20, 2023 | finance.yahoo.com

Oceaneering Announces Private Offering of $200 Million of Senior Notes

September 7, 2023 | finance.yahoo.com

Unraveling the Future of Oceaneering International Inc (OII): A Deep Dive into Key Metrics

September 7, 2023 | finance.yahoo.com

Oceaneering International (OII): A Look into its Significant Overvaluation

September 6, 2023 | finance.yahoo.com

Oceaneering International (OII) Gains As Market Dips: What You Should Know

August 31, 2023 | msn.com

Oceaneering International (OII) Price Target Increased by 5.92% to 23.46

August 31, 2023 | finance.yahoo.com

Oceaneering International (OII) Dips More Than Broader Markets: What You Should Know

August 31, 2023 | finance.yahoo.com

Oceaneering Awarded International Contracts for Offshore Projects Group: Angola Block 17, Girassol Life Extension Project and Stabroek Block, Offshore Guyana

August 25, 2023 | finance.yahoo.com

Oceaneering International (OII) Up 3.4% Since Last Earnings Report: Can It Continue?

August 11, 2023 | finance.yahoo.com

Equinor (EQNR) Gets Approval to Upgrade Snohvit Future Project

August 9, 2023 | finance.yahoo.com

RPC (RES) Shares Dip 8% Despite Reporting Strong Q2 Earnings

August 9, 2023 | finance.yahoo.com

Equinor (EQNR) Gets Permit to Use Drilling Rig at Norway Field

August 7, 2023 | finance.yahoo.com

Zacks Investment Ideas feature highlights: Schlumberger and Oceaneering International

August 4, 2023 | finance.yahoo.com

Taking A Look At Oceaneering International, Inc.'s (NYSE:OII) ROE

August 4, 2023 | finance.yahoo.com

Crude Oil Pops, Energy Sector Rebounds: Stocks to Watch

August 1, 2023 | msn.com

Oceaneering International: Steady Growth Prospect Despite Margin Concerns

See More Headlines

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OII Company Calendar

Last Earnings: 7/26/2023
Today: 9/27/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Oil & gas field services, not elsewhere classified
Sub-Industry: Oil & Gas Equipment & Services
Sector: Oils/Energy
Current Symbol: NYSE:OII
CUSIP: 67523210
CIK: 73756
Web: www.oceaneering.com
Phone: (713) 329-4500
Fax: 713-329-4951
Employees: 9,200
Year Founded: 1969

Price Target and Rating

Average Stock Price Forecast: $23.75
High Stock Price Forecast: $31.00
Low Stock Price Forecast: $17.00
Forecasted Upside/Downside: -13.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.64
Trailing P/E Ratio: 42.78
Forward P/E Ratio: 31.47
P/E Growth: N/A
Net Income: $25.94 million
Net Margins: 2.89%
Pretax Margin: 6.02%
Return on Equity: 10.40%
Return on Assets: 2.65%

Debt

Debt-to-Equity Ratio: 1.27
Current Ratio: 2.24
Quick Ratio: 1.90

Sales & Book Value

Annual Sales: $2.23 billion
Price / Sales: 1.24
Cash Flow: $1.62 per share
Price / Cash Flow: 16.90
Book Value: $5.24 per share
Price / Book: 5.23

Miscellaneous

Outstanding Shares: 100,780,000
Free Float: 98,462,000
Market Cap: $2.76 billion
Optionable: Optionable
Beta: 2.85

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Key Executives

Mr. Roderick A. Larson (Age 56)
Pres, CEO & Director
Comp: $4.28M

Mr. Alan R. Curtis (Age 57)
Sr. VP & CFO
Comp: $1.59M

Mr. Martin J. McDonald (Age 59)
Sr. VP of Subsea Robotics
Comp: $999.24k

Mr. Earl F. Childress (Age 57)
Sr. VP & Chief Commercial Officer
Comp: $933.93k

Mr. Mark E. Peterson
VP of Corp. Devel. & Investor Relations

Ms. Jennifer Fremont Simons (Age 46)
Sr. VP, Chief Legal Officer & Sec.

Ms. Holly D. Kriendler (Age 58)
Sr. VP & Chief HR Officer

Mr. Philip G. Beierl (Age 64)
Sr. VP of Aerospace & Defense Technologies

Mr. Benjamin M. Laura (Age 44)
Sr. VP & Chief Innovation Officer

Mr. Shaun R. Roedel (Age 55)
Sr. VP of Manufactured Products

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OII Stock - Frequently Asked Questions

Should I buy or sell Oceaneering International stock right now?: 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.
View OII analyst ratings or view top-rated stocks.
What is Oceaneering International's stock price forecast for 2023?: 3 equities research analysts have issued 1 year price targets for Oceaneering International's shares. Their OII share price forecasts range from $17.00 to $31.00. On average, they predict the company's share price to reach $23.75 in the next year. This suggests that the stock has a possible downside of 13.3%.
View analysts price targets for OII or view top-rated stocks among Wall Street analysts.
How have OII shares performed in 2023?: Oceaneering International's stock was trading at $17.49 at the beginning of the year. Since then, OII shares have increased by 56.5% and is now trading at $27.38.
View the best growth stocks for 2023 here.
When is Oceaneering International's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our OII earnings forecast.
How were Oceaneering International's earnings last quarter?: Oceaneering International, Inc. (NYSE:OII) issued its quarterly earnings data on Wednesday, July, 26th. The oil and gas company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.30 by $0.12. The oil and gas company had revenue of $597.91 million for the quarter, compared to analyst estimates of $600.33 million. Oceaneering International had a net margin of 2.89% and a trailing twelve-month return on equity of 10.40%. The business's revenue was up 14.1% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS.
What ETFs hold Oceaneering International's stock?: 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).
Is Oceaneering International a good dividend stock?: Oceaneering International (NYSE:OII) pays an annual dividend of $0.60 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 93.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, OII will have a dividend payout ratio of 41.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OII.
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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.90%), Earnest Partners LLC (5.13%), State Street Corp (4.46%), Brown Advisory Inc. (3.08%), Dimensional Fund Advisors LP (2.97%) and Van ECK Associates Corp (2.50%). Insiders that own company stock include Christopher J Dyer, Deanna L Goodwin, Earl Childress, Karen H Beachy, M Kevin Mcevoy, Steven A Webster and T Jay Collins.
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 $27.38.
How much money does Oceaneering International make?: Oceaneering International (NYSE:OII) has a market capitalization of $2.76 billion and generates $2.23 billion in revenue each year. The oil and gas company earns $25.94 million in net income (profit) each year or $0.64 on an earnings per share basis.
How many employees does Oceaneering International have?: The company employs 9,200 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
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 9/27/2023 by MarketBeat.com Staff

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