The stock of Oceaneering International Inc. (NYSE:OII) decreased by -$0.33 on Friday to finish at $21.47, down -1.51 percent. The last five days have seen an average of 731,540 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $3.98. The average number of shares traded over the last 20 days was 822,510, while the average volume over the last 50 days totaled 921,040.
OII stock appreciated 1.85% since last month. On 08/08/23, the company’s shares reached a one-month low of $20.20. The stock touched a high of $23.81 on 07/25/23, after rallying from a low of $7.25 in 52 weeks. The price of OII stock has risen by 22.76% or $3.98 this year, reaching a new high 19 times. Still, the stock price is down -9.81% from the 52-week high.
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Insider Transactions
OII stock investors should be aware that Oceaneering International Inc. (OII) stock had its last reported insider trading activity 24 days ago on Aug 04. On Aug 04, SVP, OPGroup DYER CHRISTOPHER J sold 4,800 shares at $21.49 each. This transaction resulted in the insider making $103,157. On May 15, GOODWIN DEANNA L sold 48,303 shares at a price of US$16.57. After the transaction, the insider now owns 19,899 shares. SVP, Chief Commercial Ofc. Childress Earl had earlier sold 9,251 shares on Mar 30 for $17.50 a share. The transaction was completed for $161,874.
Valuation Metrics
Oceaneering International Inc. (OII) has a trailing price-to-earnings (P/E) ratio of 33.86. Beta for the stock is 2.84. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.98, the price-to-book (PB) ratio of 3.97, and the price-to-cash flow ratio of 16.05.
Company paid $0.15 per share in dividends, remained unchanged from $0.15 last year. A $0.12 dividend decrease was reported on Thursday October 27 2016.
Financial Health
For the three months ended June 29, Oceaneering International Inc.’s quick ratio was 1.90, while its current ratio was 2.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.28, and the total debt to equity ratio is 1.28. As far as profitability goes, gross margin for the trailing twelve months is 16.30% percent. Oceaneering International Inc.’s EBITDA margin for the year ended June 29 was 11.22%, whereas its operating margin stood at 7.40% for the same period. Based on annual data, it had gross profit of $110.86 million and revenue of $2.07 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. OII’s return on assets (ROA) during the last 12 months has been 3.20%. There was a 4.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.50%.
Earnings Surprise
According to Oceaneering International Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $597.91 million, while revenues rose by 12.36% to $536.99 million. It was predicted that Oceaneering International Inc.’s quarterly earnings would be $0.18, but it ended up being $0.29, beating the consensus by -37.90%. EBITDA was $75.25 million for the quarter. At the end of Oceaneering International Inc.’s most recent quarter ended June 29, its liabilities totaled 1.61 billion, while its total debt was $959.06 million. Equity owned by shareholders amounts to $100.78 million.
Technical Picture
Here’s a quick look at Oceaneering International Inc.’s (OII) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 48.55%, suggesting the stock is Neutral, with a 23.80% historical volatility rate.
The stochastic %K and %D were 71.83% and 71.17% respectively, while the average true range (ATR) was 0.83. Based on the 14-day stochastic reading of 54.62%, the RSI (14) reading is 50.51%. On the 9-day MACD Oscillator, the stock is at 0.31, and the 14-day reading is at 0.33.
Analyst Ratings
In its analyst report released on January 19, 2023, The Benchmark Company began covering Oceaneering International Inc. (NYSE: OII). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Oceaneering International Inc. (OII) an Overweight rating. OII is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is OII’s price target for the next 12 months?
The current consensus forecast for the stock is between $17.00 and $27.00, with a median target price of $24.00. In analyzing these forecasts, the average price target given by analysts for Oceaneering International Inc. (OII) is $23.14.
