Oceaneering International, Inc. [OII] stock prices are up 2.25% to $20.91 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OII shares have gain 4.24% over the last week, with a monthly amount drifted -1.32%, and not seem to be holding up well over a long-time horizon.
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On 11, March 2024, Oceaneering to Participate at Investor Conferences: Annual Roth Conference and Piper Sandler Energy Conference. In a post published today on Yahoo Finance, Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced today that President and Chief Executive Officer, Rod Larson, will participate on the Roth Conference panel “Oilfield Services/Oilfield Technology: Beyond Barrels: Exploring the Cross-Industry Impact of OFS/OFT in Emerging Industrial Markets.” Mr. Larson will also meet with institutional investors at the 36th Annual Roth Conference on Monday, March 18, in Dana Point, CA and at the 24th Annual Piper Sandler Energy Conference on Tuesday, March 19, in Las Vegas, NV.
From an analyst’s perspective:
Oceaneering International, Inc. [NYSE: OII] stock has seen the most recent analyst activity on January 19, 2023, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $25. Previously, Barclays downgraded its rating to Equal Weight on October 06, 2022, and dropped its price target to $10. On February 01, 2022, upgrade upgraded it’s rating to Overweight and revised its price target to $21 on the stock. BofA Securities upgraded its rating to a Buy but stick to its price target of $15 on May 05, 2021. Cowen reiterated its recommendation of a Market Perform and raised its price target to $14 on March 03, 2021. Cowen reiterated a Market Perform rating for this stock on August 07, 2020, and upped its price target to $6. In a note dated April 24, 2020, Citigroup upgraded an Buy rating on this stock and boosted its target price from $4 to $7.
The stock price of Oceaneering International, Inc. [OII] has been fluctuating between $14.99 and $27.46 over the past year. Oceaneering International, Inc. [NYSE: OII] shares were valued at $20.91 at the most recent close of the market.
Analyzing the OII fundamentals
The Oceaneering International, Inc. [NYSE:OII] reported sales of 2.42B for trailing twelve months, representing a surge of 22.08%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.17 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.88.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.59 points at the first support level, and at 20.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.20, and for the 2nd resistance point, it is at 21.50.
Oceaneering International, Inc. [OII] reported earnings per share of $0.19 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.24/share, meaning a difference of -$0.05 and a surprise factor of -20.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.38 per share as compared to estimates of $0.32 per share, a difference of $0.06 representing a surprise of 18.80%.
Ratios To Look Out For
It’s worth pointing out that Oceaneering International, Inc. [NYSE:OII]’s Current Ratio is 1.78. As well, the Quick Ratio is 1.50, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 0.87, the price to book ratio is 3.36 and price to earnings (TTM) ratio is 21.95.
Transactions by insiders
Recent insider trading involved Beachy Karen H, Director, that happened on Mar 07 ’24 when 7600.0 shares were sold. SVP, Mfd. Prods., Roedel Shaun completed a deal on Sep 28 ’23 to sell 2122.0 shares. Meanwhile, SVP and CFO Curtis Alan R sold 31011.0 shares on Sep 27 ’23.
