Oceaneering International (OII) Stock Forecast, Price & News

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 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%.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our OII earnings forecast.

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.

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 (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.

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 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 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.
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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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One share of OII stock can currently be purchased for approximately $27.38.

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.

The company employs 9,200 workers across the globe.

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.