Oceaneering International, Inc. (NYSE: OII) is 17.43% higher on its value in year-to-date trading and has touched a low of $14.99 and a high of $27.46 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OII stock was last observed hovering at around $25.51 in the last trading session, with the day’s loss setting it -0.52%.
Currently trading at $24.99, the stock is 12.59% and 16.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing -2.04% at the moment leaves the stock 14.43% off its SMA200. OII registered 36.48% gain for a year compared to 6-month loss of 0.12%. The firm has a 50-day simple moving average (SMA 50) of $1.20 and a 200-day simple moving average (SMA200) of $9.65.
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The stock witnessed a 24.14% gain in the last 1 month and extending the period to 3 months gives it a 21.19%, and is 7.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.80% over the week and 2.80% over the month.
Oceaneering International, Inc. (OII) has around 10100 employees, a market worth around $2.52B and $2.42B in sales. Current P/E ratio is 26.23 and Fwd P/E is 14.38. Profit margin for the company is 4.02%. Distance from 52-week low is 66.71% and -8.99% from its 52-week high. The company has generated returns on investments over the last 12 months (6.96%).
Oceaneering International, Inc. quarterly earnings per share for the current quarter are estimated at -$0.24 with sales reaching $587.42M over the same period.The EPS is expected to grow by 64.87% this year, but quarterly earnings will post 7.00% year-over-year. Quarterly sales are estimated to grow 9.40% in year-over-year returns.
331 institutions hold shares in Oceaneering International, Inc. (OII), with institutional investors hold 97.46% of the company’s shares. The shares outstanding are 100.80M, and float is at 98.67M with Short Float at 4.63%. Institutions hold 95.83% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 16.02 million shares valued at $299.64 million. The investor’s holdings represent 15.90% of the OII Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 12.24 million shares valued at $228.95 million to account for 12.15% of the shares outstanding. The other top investors are Earnest Partners LLC which holds 5.17 million shares representing 5.13% and valued at over $96.76 million, while Neuberger Berman Group, LLC holds 4.84% of the shares totaling 4.88 million with a market value of $91.29 million.
Oceaneering International, Inc. (OII) Insider Activity
The most recent transaction is an insider sale by Beachy Karen H, the company’s Director. SEC filings show that Beachy Karen H sold 7,600 shares of the company’s common stock on Mar 07 ’24 at a price of $20.50 per share for a total of $0.16 million. Following the sale, the insider now owns 22786.0 shares.
Oceaneering International, Inc. disclosed in a document filed with the SEC on Sep 28 ’23 that Roedel Shaun (SVP, Mfd. Prods.) sold a total of 2,122 shares of the company’s common stock. The trade occurred on Sep 28 ’23 and was made at $26.85 per share for $56984.0. Following the transaction, the insider now directly holds 51429.0 shares of the OII stock.
Still, SEC filings show that on Sep 27 ’23, Curtis Alan R (SVP and CFO) disposed off 31,011 shares at an average price of $26.48 for $0.82 million. The insider now directly holds 161,277 shares of Oceaneering International, Inc. (OII).
