Oceaneering International, Inc (NYSE: OII) is -24.42% lower on its value in year-to-date trading and has touched a low of $19.62 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 $20.15 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $19.71, the stock is -16.27% and -21.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -2.18% at the moment leaves the stock -22.18% off its SMA200. OII registered -4.51% loss for a year compared to 6-month loss of -26.97%.
The stock witnessed a -20.30% gain in the last 1 month and extending the period to 3 months gives it a -34.26%, and is -11.02% 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 5.26% over the week and 3.87% over the month.
Oceaneering International, Inc (OII) has around 10400 employees, a market worth around $2.18B and $2.66B in sales. Current P/E ratio is 13.68 and Fwd P/E is 9.85. Profit margin for the company is 5.54%. Distance from 52-week low is 0.46% and -36.37% from its 52-week high. The company has generated returns on investments over the last 12 months (10.28%).
with sales reaching $664.81M over the same period.The EPS is expected to grow by 50.55% this year, but quarterly earnings will post 6.81% year-over-year. Quarterly sales are estimated to grow 10.97% in year-over-year returns.
The shares outstanding are 100.66M, and float is at 98.58M with Short Float at 5.14%.
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
A total of 0 insider transactions have happened at Oceaneering International, Inc (OII) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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).
Oceaneering International, Inc (OII): Who are the competitors?
One of the company’s main competitors (and peers) include Helix Energy Solutions Group Inc. (HLX) that is trading -15.81% down over the past 12 months.Forum Energy Technologies Inc. (FET) lies in the list of competitors of the Oceaneering International, Inc and is -6.80% lower over the same period from OIITetra Technologies Inc. (TTI) is -13.52% down on the 1-year trading charts.
