At the time of writing, Oceaneering International, Inc. [OII] stock is trading at $24.55, up 6.51%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The OII shares have gain 10.19% over the last week, with a monthly amount glided 7.49%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Oceaneering International, Inc. fluctuated between $14.99 and $27.46. Oceaneering International, Inc. [NYSE: OII] shares were valued at $24.55 at the most recent close of the market.
Analyzing the OII fundamentals
According to Oceaneering International, Inc. [NYSE:OII], the company’s sales were 2.49B for trailing twelve months, which represents an 11.57% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.88.
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 22.85 points at the first support level, and at 21.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.43, and for the 2nd resistance point, it is at 26.30.
Oceaneering International, Inc. [OII] reported earnings per share of $0.14 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.24/share, meaning a difference of $0.38 and a surprise factor of 158.30%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.19 per share as compared to estimates of $0.24 per share, a difference of -$0.05 representing a surprise of -20.80%.
Ratios To Look Out For
It is important to note that Oceaneering International, Inc. [NYSE:OII] has a current ratio of 1.76. Further, the Quick Ratio stands at 1.50, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 3.94 and price to earnings (TTM) ratio is 23.14.
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.
