Oceaneering International, Inc (NYSE: OII) is -22.78% lower on its value in year-to-date trading and has touched a low of $18.87 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 $19.56 in the last trading session, with the day’s gains setting it 0.58%.
Currently trading at $20.14, the stock is -6.61% and -16.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing 2.97% at the moment leaves the stock -20.04% off its SMA200. OII registered -1.52% loss for a year compared to 6-month gain of -10.41%. The firm has a 50-day simple moving average (SMA 50) of $24.2434 and a 200-day simple moving average (SMA200) of $25.1875.
The stock witnessed a -19.15% loss in the last 1 month and extending the period to 3 months gives it a -24.77%, and is 0.95% 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 4.04% over the week and 4.20% over the month.
Oceaneering International, Inc (OII) has around 10400 employees, a market worth around $2.03B and $2.66B in sales. Current P/E ratio is 13.98 and Fwd P/E is 10.67. Profit margin for the company is 5.54%. Distance from 52-week low is 6.73% and -34.98% from its 52-week high. The company has generated returns on investments over the last 12 months (10.28%).
with sales reaching $657.64M over the same period.The EPS is expected to grow by 40.34% this year, but quarterly earnings will post 4.69% year-over-year. Quarterly sales are estimated to grow 9.77% in year-over-year returns.
Oceaneering International, Inc (OII) Top Institutional Holders
378.0 institutions hold shares in Oceaneering International, Inc (OII), with institutional investors hold 93.44% of the company’s shares. The shares outstanding are 100.66M, and float is at 98.77M with Short Float at 4.63%. Institutions hold 91.92% 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).
