Oceaneering International, Inc. (NYSE: OII) is 7.38% higher on its value in year-to-date trading and has touched a low of $18.67 and a high of $30.45 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 $22.48 in the last trading session, with the day’s gains setting it 0.37%.
Currently trading at $22.85, the stock is -11.19% and -12.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.66 million and changing 1.65% at the moment leaves the stock -0.16% off its SMA200. OII registered -12.18% loss for a year compared to 6-month gain of 9.28%.
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The stock witnessed a -13.77% loss in the last 1 month and extending the period to 3 months gives it a 3.58%, and is -7.83% down 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 4.56% over the week and 3.10% over the month.
Oceaneering International, Inc. (OII) has around 10100 employees, a market worth around $2.32B and $2.56B in sales. Current P/E ratio is 18.79 and Fwd P/E is 12.75. Profit margin for the company is 4.87%. Distance from 52-week low is 22.42% and -24.96% from its 52-week high. The company has generated returns on investments over the last 12 months (8.73%).
with sales reaching $681.45M over the same period.The EPS is expected to grow by 65.20% this year, but quarterly earnings will post 8.40% year-over-year. Quarterly sales are estimated to grow 6.90% in year-over-year returns.
340.0 institutions hold shares in Oceaneering International, Inc. (OII), with institutional investors hold 102.86% of the company’s shares. The shares outstanding are 100.80M, and float is at 99.49M with Short Float at 5.19%. Institutions hold 101.11% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 15.81 million shares valued at $374.1 million. The investor’s holdings represent 15.6509 of the OII Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.51 million shares valued at $295.87 million to account for 12.3783 of the shares outstanding. The other top investors are EARNEST PARTNERS LLC which holds 6.37 million shares representing 6.3006 and valued at over $150.6 million, while STATE STREET CORP holds 5.0618 of the shares totaling 5.11 million with a market value of $120.99 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 3,300 shares of the company’s common stock on Sep 10 ’24 at a price of $22.94 per share for a total of $75702.0. Following the sale, the insider now owns 28229.0 shares.
Still, SEC filings show that on Aug 20 ’24, MCEVOY M KEVIN (Director) disposed off 9,675 shares at an average price of $26.12 for $0.25 million. The insider now directly holds 141,837 shares of Oceaneering International, Inc. (OII).
