Oceaneering International, Inc (NYSE: OII) is -5.44% lower on its value in year-to-date trading and has touched a low of $19.68 and a high of $30.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OII stock was last observed hovering at around $25.34 in the last trading session, with the day’s loss setting it -0.68%.
Currently trading at $24.66, the stock is -4.95% and -7.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing -2.68% at the moment leaves the stock -2.64% off its SMA200. OII registered 21.96% gain for a year compared to 6-month gain of -1.56%. The firm has a 50-day simple moving average (SMA 50) of $26.7216 and a 200-day simple moving average (SMA200) of $25.31835.
The stock witnessed a -10.00% loss in the last 1 month and extending the period to 3 months gives it a -3.10%, and is -2.80% 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 3.98% over the week and 3.32% over the month.
Oceaneering International, Inc (OII) has around 10100 employees, a market worth around $2.49B and $2.60B in sales. Current P/E ratio is 18.59 and Fwd P/E is 13.80. Profit margin for the company is 5.22%. Distance from 52-week low is 25.30% and -20.39% from its 52-week high. The company has generated returns on investments over the last 12 months (9.37%).
with sales reaching $681.6M over the same period.The EPS is expected to grow by 60.78% this year, but quarterly earnings will post 8.43% year-over-year. Quarterly sales are estimated to grow 4.12% in year-over-year returns.
363.0 institutions hold shares in Oceaneering International, Inc (OII), with institutional investors hold 102.05% of the company’s shares. The shares outstanding are 101.06M, and float is at 99.11M with Short Float at 4.75%. Institutions hold 100.32% 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 GRANATO LEONARDO P, the company’s SVP, IMDS. SEC filings show that GRANATO LEONARDO P sold 2,000 shares of the company’s common stock on Nov 07 ’24 at a price of $28.12 per share for a total of $56240.0. Following the sale, the insider now owns 19860.0 shares.
Still, SEC filings show that on Sep 10 ’24, Beachy Karen H (Director) disposed off 3,300 shares at an average price of $22.94 for $75702.0. The insider now directly holds 28,229 shares of Oceaneering International, Inc (OII).
