Oceaneering International - OII Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Oceaneering International in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" OII shares.
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4 analysts have issued 1-year price targets for Oceaneering International's stock. Their OII share price forecasts range from $13.00 to $25.00. On average, they anticipate the company's stock price to reach $18.60 in the next twelve months. This suggests a possible upside of 6.4% 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 decreased by 0.1% and is now trading at $17.48.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Oceaneering International, Inc. (NYSE:OII) posted its earnings results on Thursday, February, 23rd. The oil and gas company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.13. The oil and gas company earned $536.22 million during the quarter, compared to analyst estimates 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 business's revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 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 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).

Oceaneering International issued an update on its FY 2023 earnings guidance on Thursday, February, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.27B-, compared to the consensus revenue estimate of $2.25 billion.

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), onsemi (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 institutional and retail investors. Top institutional shareholders 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.
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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 $17.48.

Oceaneering International (NYSE:OII) has a market capitalization of $1.75 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.

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.