Oceaneering International, Inc (NYSE: OII) is -13.27% 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 $22.15 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $22.62, the stock is -7.39% and -10.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 2.12% at the moment leaves the stock -10.89% off its SMA200. OII registered 3.24% gain for a year compared to 6-month loss of -17.17%.
The stock witnessed a -11.22% gain in the last 1 month and extending the period to 3 months gives it a -24.68%, and is -6.34% 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 4.09% over the week and 3.38% over the month.
Oceaneering International, Inc (OII) has around 10100 employees, a market worth around $2.28B and $2.66B in sales. Current P/E ratio is 15.70 and Fwd P/E is 10.86. Profit margin for the company is 5.54%. Distance from 52-week low is 14.94% and -26.97% from its 52-week high. The company has generated returns on investments over the last 12 months (12.27%).
The EPS is expected to grow by 57.22% this year
The shares outstanding are 100.66M, and float is at 98.72M with Short Float at 5.13%.
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).
