NYSE:OII

Oceaneering International - OII Stock Forecast, Price & News

$17.54

+0.06 (+0.34%)

(As of 03/29/2023 12:00 AM ET)

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Today's Range: $17.25
▼
$17.82
50-Day Range: $16.19
▼
$22.11
52-Week Range: $7.25
▼
$22.26

Volume: 485,445 shs
Average Volume: 1.14 million shs
Market Capitalization: $1.76 billion

P/E Ratio: 67.46
Dividend Yield: N/A
Price Target: $18.60

Institutional Ownership

Oceaneering International MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 6.0% Upside
$18.60 Price Target
Short Interest: Healthy
4.45% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.87
Based on 6 Articles This Week
Insider Trading: Selling Shares
$167,010 Sold Last Quarter
Proj. Earnings Growth: 29.07%
From $0.86 to $1.11 Per Share

Overall MarketRank^™

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

1.99 out of 5 stars

Oils/Energy Sector

185th out of 250 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

16th out of 20 stocks

1.4

Analyst's Opinion

Consensus Rating
Oceaneering International has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.60, Oceaneering International has a forecasted upside of 6.0% from its current price of $17.54.
Amount of Analyst Coverage
Oceaneering International has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.45% 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 13.28%, indicating that investor sentiment is decreasing significantly.

0.0

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.

N/A

Sustainability and ESG

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

3.3

News and Social Media Coverage

News Sentiment
Oceaneering International has a news sentiment score of 0.87. 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 is a higher news sentiment than the 0.44 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Oceaneering International this week, compared to 2 articles on an average week.
Search Interest
16 people have searched for OII on MarketBeat in the last 30 days. This is an increase of 433% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Oceaneering International to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $167,010.00 in company stock.
Percentage Held by Insiders
Only 2.01% of the stock of Oceaneering International is held by insiders.
Percentage Held by Institutions
89.89% 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 29.07% in the coming year, from $0.86 to $1.11 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Oceaneering International is 67.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Oceaneering International is 67.46, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 61.48.
Price to Book Value per Share Ratio
Oceaneering International has a P/B Ratio of 3.35. 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. engages in the provision of engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries. It operates through the following business segments: Subsea Robotics, Manufactured Products, Offshore Projects Group (OPG), Integrity Management & Digital Solutions (IMDS), and Aerospace and Defense Technologies (ADTech). The Subsea Robotics segment includes remotely operated vehicles, survey services, and ROV tooling businesses. The Manufactured Products segment provides distribution systems, such as production control umbilicals and connection systems made up of specialty subsea hardware, and provides turnkey solutions that include project management, engineering design, fabrication/assembly, and installation of autonomous mobile robotic technology to industrial, manufacturing, healthcare, warehousing, and commercial theme park markets. The OPG segment focuses on subsea project capabilities and solutions. The IMDS segment covers asset integrity management, corrosion management, inspection, and nondestructive testing services. The ADTech segment provides government services and p

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OII Stock News Headlines

March 29, 2023 | seekingalpha.com

Why Now Is The Time To Invest In Oceaneering International, The Leading ROV Provider

March 29, 2023 | finance.yahoo.com

The 3.2% return this week takes Oceaneering International's (NYSE:OII) shareholders three-year gains to 538%

March 29, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

March 24, 2023 | finance.yahoo.com

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

March 23, 2023 | finance.yahoo.com

Eni (E) Signs Deal to Develop Offshore Wind Projects in Italy

March 21, 2023 | finance.yahoo.com

Oceaneering Stock More Than Tripled; Composite Rating Hits 96

March 21, 2023 | marketwatch.com

Oceaneering International $OII Trading Signals

March 17, 2023 | finance.yahoo.com

Oceaneering to Participate at the 2023 Piper Sandler Annual Energy Conference

March 29, 2023 | Weiss Ratings (Ad)

Bank Accounts: Frozen!

In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!

March 15, 2023 | finance.yahoo.com

Oceaneering's (OII) Q4 Earnings & Revenues Miss Estimates

March 13, 2023 | finance.yahoo.com

Is Marathon Petroleum (MPC) Outperforming Other Oils-Energy Stocks This Year?

March 8, 2023 | finance.yahoo.com

Oceaneering to Present at the J.P. Morgan 2023 Industrials Conference

February 26, 2023 | seekingalpha.com

Oceaneering International, Inc. (OII) Q4 2022 Earnings Call Transcript

February 25, 2023 | finance.yahoo.com

Can Oceaneering International, Inc. (NYSE:OII) Improve Its Returns?

February 25, 2023 | finance.yahoo.com

Q4 2022 Oceaneering International Inc Earnings Call

February 23, 2023 | finance.yahoo.com

Oceaneering International (OII) Lags Q4 Earnings and Revenue Estimates

February 23, 2023 | finance.yahoo.com

Oceaneering Reports Fourth Quarter 2022 Results

February 16, 2023 | msn.com

Oceaneering Mobile Robotics bags contracts for mobile robot forklifts

February 15, 2023 | finance.yahoo.com

Oceaneering Mobile Robotics is Awarded Significant Contracts to Supply Autonomous Mobile Robot Forklifts

February 10, 2023 | finance.yahoo.com

Is a Beat in the Cards for Sunoco (SUN) in Q4 Earnings?

February 6, 2023 | finance.yahoo.com

Oceaneering International (OII) Stock Moves -0.05%: What You Should Know

February 6, 2023 | finance.yahoo.com

Enbridge (ENB) to Report Q4 Earnings: What's in the Offing?

January 30, 2023 | finance.yahoo.com

Oceaneering International (OII) Stock Moves -0.91%: What You Should Know

January 26, 2023 | finance.yahoo.com

Oceaneering Announces Dates for Fourth Quarter 2022 Earnings Release and Conference Call

January 25, 2023 | nasdaq.com

BlackRock Inc. Cuts Stake in Oceaneering International Inc (OII)

January 24, 2023 | finance.yahoo.com

Oceaneering International (NYSE:OII) Is Looking To Continue Growing Its Returns On Capital

January 14, 2023 | thestreet.com

Oceaneering International Stock To Go Ex-dividend Tomorrow (OII)

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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OII Company Calendar

Last Earnings: 2/23/2023
Today: 3/29/2023
Next Earnings (Estimated): 4/26/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

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: $18.60
High Stock Price Forecast: $25.00
Low Stock Price Forecast: $13.00
Forecasted Upside/Downside: +6.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.26
Trailing P/E Ratio: 67.27
Forward P/E Ratio: 20.34
P/E Growth: N/A
Net Income: $25.94 million
Net Margins: 1.26%
Pretax Margin: 3.83%
Return on Equity: 6.28%
Return on Assets: 1.61%

Debt

Debt-to-Equity Ratio: 1.33
Current Ratio: 2.28
Quick Ratio: 1.96

Sales & Book Value

Annual Sales: $2.07 billion
Price / Sales: 0.85
Cash Flow: $1.64 per share
Price / Cash Flow: 10.67
Book Value: $5.24 per share
Price / Book: 3.34

Miscellaneous

Outstanding Shares: 100,150,000
Free Float: 98,134,000
Market Cap: $1.75 billion
Optionable: Optionable
Beta: 2.85

Social Links

Key Executives

Roderick A. Larson
President, Chief Executive Officer & Director

Alan R. Curtis
Chief Financial Officer & Senior Vice President

Marvin J. Migura
Senior Vice President

Benjamin M. Laura
Senior Vice President & Chief Innovation Officer

Holly D. Kriendler
Chief Human Resources Officer & Senior VP

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?: 4 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 3 buy ratings for the stock. The consensus among Wall Street equities research 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 2023?: 4 brokers have issued twelve-month price objectives for Oceaneering International's stock. Their OII share price forecasts range from $13.00 to $25.00. On average, they predict the company's stock price to reach $18.60 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price.
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 2023. Since then, OII stock has increased by 0.3% and is now trading at $17.54.
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, April 26th 2023.
View our OII earnings forecast.
How were Oceaneering International's earnings last quarter?: Oceaneering International, Inc. (NYSE:OII) released its earnings results on Thursday, February, 23rd. The oil and gas company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by $0.13. The oil and gas company earned $536.22 million during the quarter, compared to analysts' expectations of $549.29 million. Oceaneering International had a net margin of 1.26% and a trailing twelve-month return on equity of 6.28%. The firm's revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 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 Oil & Gas Equipment & Services ETF (XES), Invesco Dynamic Oil & Gas Services ETF (PXJ), VanEck Oil Services ETF (OIH), Direxion Daily Oil Services Bull 2X Shares (ONG), iShares U.S. Oil Equipment & Services ETF (IEZ), Invesco S&P SmallCap Momentum ETF (XSMO) and iShares S&P Small-Cap 600 Growth ETF (IJT).
What guidance has Oceaneering International issued on next quarter's earnings?: Oceaneering International updated its FY 2023 earnings guidance on Thursday, February, 23rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.27B-, compared to the consensus revenue estimate of $2.25 billion.
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), onsemi (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 many different retail and institutional investors. Top institutional investors include Earnest Partners LLC (4.89%), Brown Advisory Inc. (3.61%), Sourcerock Group LLC (3.13%), Van ECK Associates Corp (3.00%), Dimensional Fund Advisors LP (2.51%) and Geode Capital Management LLC (1.78%). Insiders that own company stock include 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 $17.54.
How much money does Oceaneering International make?: Oceaneering International (NYSE:OII) has a market capitalization of $1.76 billion and generates $2.07 billion in revenue each year. The oil and gas company earns $25.94 million in net income (profit) each year or $0.26 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 3/29/2023 by MarketBeat.com Staff

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Oceaneering International - OII Stock Forecast, Price & News

Oceaneering International MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Oceaneering International (NYSE:OII) Stock

OII Stock News Headlines

OII Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

OII Stock - Frequently Asked Questions

Overall MarketRank^™