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NYSE:OII

Oceaneering International (OII) Stock Price, News & Analysis

Oceaneering International logo
$26.81 -0.74 (-2.69%)
(As of 11/15/2024 ET)

About Oceaneering International Stock (NYSE:OII)

Key Stats

Today's Range
$26.58
$27.79
50-Day Range
$22.41
$29.00
52-Week Range
$18.67
$30.45
Volume
783,632 shs
Average Volume
820,929 shs
Market Capitalization
$2.71 billion
P/E Ratio
20.31
Dividend Yield
N/A
Price Target
$28.00
Consensus Rating
Hold

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.

Oceaneering International Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
52nd Percentile Overall Score

OII MarketRank™: 

Oceaneering International scored higher than 52% of companies evaluated by MarketBeat, and ranked 189th out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 2 research reports in the past 90 days.

  • Read more about Oceaneering International's stock forecast and price target.
  • Earnings Growth

    Earnings for Oceaneering International are expected to grow by 29.50% in the coming year, from $1.39 to $1.80 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Oceaneering International is 20.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.26.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Oceaneering International is 20.31, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.19.

  • Price to Book Value per Share Ratio

    Oceaneering International has a P/B Ratio of 3.85. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Oceaneering International's valuation and earnings.
  • Percentage of Shares Shorted

    4.39% 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 5.8.
  • Change versus previous month

    Short interest in Oceaneering International has recently decreased by 3.12%, indicating that investor sentiment is improving.
  • 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 45.45%. 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 33.33% next year. This indicates that Oceaneering International will be able to sustain or increase its dividend.

  • Read more about Oceaneering International's dividend.
  • Percentage of Shares Shorted

    4.39% 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 5.8.
  • Change versus previous month

    Short interest in Oceaneering International has recently decreased by 3.12%, indicating that investor sentiment is improving.
  • News Sentiment

    Oceaneering International has a news sentiment score of 0.67. 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 6 news articles for Oceaneering International this week, compared to 4 articles on an average week.
  • Search Interest

    4 people have searched for OII on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Oceaneering International to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • 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 $328,413.00 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.

  • Read more about Oceaneering International's insider trading history.
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OII Stock News Headlines

Zacks Research Has Bullish Estimate for OII FY2024 Earnings
There is a little known company that is changing warfare
With geo - political instability around the world investors are flocking to defense contract stocks. There is a little known company that is changing warfare. With the backing of U.S. government contracts, this startup is reshaping the future of the U.S. military.
Oceaneering price target lowered to $22 from $24 at Barclays
Barclays Sticks to Its Sell Rating for Oceaneering International (OII)
Oceaneering Acquires Global Design Innovation Ltd.
See More Headlines

OII Stock Analysis - Frequently Asked Questions

Oceaneering International's stock was trading at $21.28 at the beginning of the year. Since then, OII stock has increased by 26.0% and is now trading at $26.81.
View the best growth stocks for 2024 here
.

Oceaneering International, Inc. (NYSE:OII) announced its quarterly earnings results on Wednesday, October, 23rd. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by $0.08. The firm's quarterly revenue was up 7.0% compared to the same quarter last year.

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

Top institutional investors of Oceaneering International include State Street Corp (5.17%), FMR LLC (2.87%), Geode Capital Management LLC (2.26%) and Loomis Sayles & Co. L P (1.82%). 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, Deanna L Goodwin and Christopher J Dyer.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Oceaneering International investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH) and Southern First Bancshares (SFST).

Company Calendar

Last Earnings
10/23/2024
Today
11/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/27/2025

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
67523210
Employees
10,100
Year Founded
1969

Price Target and Rating

Average Stock Price Target
$28.00
High Stock Price Target
$34.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+4.4%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$97.40 million
Pretax Margin
7.79%

Debt

Sales & Book Value

Annual Sales
$2.60 billion
Cash Flow
$1.79 per share
Book Value
$6.97 per share

Miscellaneous

Free Float
98,736,000
Market Cap
$2.71 billion
Optionable
Optionable
Beta
2.35

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This page (NYSE:OII) was last updated on 11/17/2024 by MarketBeat.com Staff
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