Oceaneering International (OII) Stock Price, News & Analysis

Company Overview

Oceaneering International, Inc. provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments. The company offers 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; ROV tooling; and survey services, such as hydrographic survey, positioning services, and autonomous underwater vehicles for geoscience. It also 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 robotic technology and entertainment systems to various industries. In addition, the company offers subsea installation and intervention, including riserless light well intervention inspection, 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. Further, it provides asset integrity management, software and analytical solutions for the bulk cargo maritime industry, and software, digital, and connectivity solutions for the energy industry, as well as government services and products, including engineering and related manufacturing in defense and space exploration activities to the United States' government agencies and their prime contractors. Oceaneering International, Inc. was founded in 1964 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $25.62 to $26.37
• 50-Day Range: $22.41 to $30.02
• 52-Week Range: $18.67 to $30.45
• Volume: 2.04 million shs
• Average Volume: 832,209 shs
• Market Capitalization: $2.64 billion
• P/E Ratio: 24.55
• Dividend Yield: N/A
• Price Target: $28.67
• Consensus Rating: Hold

Oceaneering International Stock Analysis - MarketRank™

Oceaneering International scored higher than 61% of companies evaluated by MarketBeat, and ranked 147th out of 250 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Oceaneering International has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Oceaneering International has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 19.01%

Earnings Growth

Earnings for Oceaneering International are expected to grow by 19.01% in the coming year, from $1.42 to $1.69 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Oceaneering International is 24.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of Oceaneering International is 24.55, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 11.98.

Price to Book Value per Share Ratio

Oceaneering International has a P/B Ratio of 4.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.19% 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 6.5.

Change versus previous month

Short interest in Oceaneering International has recently increased by 6.83%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

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 56.60%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Oceaneering International will have a dividend payout ratio of 35.50% next year. This indicates that Oceaneering International will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.19% 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 6.5.

Change versus previous month

Short interest in Oceaneering International has recently increased by 6.83%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.89

News Sentiment

Oceaneering International has a news sentiment score of 0.89. 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 0.57 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Oceaneering International this week, compared to 4 articles on an average week.

Search Interest

6 people have searched for OII on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $585,413.00 in company stock.

Percentage Held by Insiders

Only 2.30% of the stock of Oceaneering International is held by insiders.

Percentage Held by Institutions

93.93% of the stock of Oceaneering International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OII Stock Analysis - Frequently Asked Questions

How have OII shares performed this year?

Oceaneering International's stock was trading at $21.28 at the beginning of the year. Since then, OII shares have increased by 22.3% and is now trading at $26.02.
View the best growth stocks for 2024 here.

How were Oceaneering International's earnings last quarter?

Oceaneering International, Inc. (NYSE:OII) issued its earnings results on Wednesday, July, 24th. The oil and gas company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by $0.09. The business's quarterly revenue was up 11.9% compared to the same quarter last year.

Does Oceaneering International have any subsidiaries?

Oceaneering International subsidiaries include these companies: Ecosse Subsea Systems, Socar-Dalgidj LLC, Blue Ocean Technologies, Meridian Ocean Services LLC, C & C Technologies Inc., Spectrum Sales & Services LLC, Airsis, and more.

Who are Oceaneering International's major shareholders?

Oceaneering International's top institutional investors include Earnest Partners LLC (6.28%), Dimensional Fund Advisors LP (2.67%), Bank of New York Mellon Corp (2.02%) and American Century Companies Inc. (1.99%). Insiders that own company stock include Alan R Curtis, M Kevin Mcevoy, Steven A Webster, Martin J Mcdonald, Earl Childress, Shaun Roedel, Karen H Beachy and Christopher J Dyer.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Oceaneering International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Oceaneering International investors own include NVIDIA (NVDA), Block (SQ), Cisco Systems (CSCO), Baidu (BIDU), Editas Medicine (EDIT), Intuitive Surgical (ISRG) and Onsemi (ON).

Company Calendar

• Last Earnings: 7/24/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 10/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Oil & gas field services, not elsewhere classified
• Sub-Industry: Oil & Gas Equipment & Services
• Current Symbol: NYSE:OII
• CUSIP: 67523210
• CIK: 73756
• Web: www.oceaneering.com
• Phone: (713) 329-4500
• Fax: 713-329-4951
• Employees: 10,100
• Year Founded: 1969

Price Target and Rating

• Average Stock Price Target: $28.67
• High Stock Price Target: $34.00
• Low Stock Price Target: $24.00
• Potential Upside/Downside: +9.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.06
• Trailing P/E Ratio: 24.76
• Forward P/E Ratio: 18.49
• P/E Growth: N/A
• Net Income: $97.40 million
• Net Margins: 4.87%
• Pretax Margin: 7.33%
• Return on Equity: 15.78%
• Return on Assets: 4.33%

Debt

• Debt-to-Equity Ratio: 0.73
• Current Ratio: 1.72
• Quick Ratio: 1.42

Sales & Book Value

• Annual Sales: $2.56 billion
• Price / Sales: 1.04
• Cash Flow: $2.17 per share
• Price / Cash Flow: 12.11
• Book Value: $6.30 per share
• Price / Book: 4.17

Miscellaneous

• Outstanding Shares: 101,389,000
• Free Float: 99,057,000
• Market Cap: $2.66 billion
• Optionable: Optionable
• Beta: 2.35