Oceaneering International Inc. (NYSE:OII) saw an upside of 2.06% to close Friday at $24.22 after adding $0.49 on the day. The 5-day average trading volume is 782,980 shares of the company’s common stock. It has gained $25.27 in the past week and touched a new high 1 time within the past 5 days. An average of 1,092,390 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 967,206.
OII’s 1-month performance is 9.84% or $2.85 on its low of $20.79 reached on 08/23/23. The company’s shares have touched a 52-week low of $7.25 and high of $26.35, with the stock’s rally to the 52-week high happening on 09/13/23. YTD, OII has achieved 38.48% or $6.73 and has reached a new high 24 times. However, the current price is down -8.08% from the 52-week high price.
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Insider Transactions
OII stock investors last saw insider trading activity on Aug 04.DYER CHRISTOPHER J (SVP, OPGroup) most recently sold 4,800 shares at $21.49 per share on Aug 04. This transaction cost the insider $103,157. Director, GOODWIN DEANNA L, sold 48,303 shares at a price of $16.57 on May 15. Then, on Mar 30, SVP, Chief Commercial Ofc. Childress Earl sold 9,251 shares at a price of $17.50 per share. This transaction amounted to $161,874.
Valuation Metrics
OII stock has a beta of 2.82. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.09 while the price-to-book (PB) in the most recent quarter is 4.48, with the price to cash flow ratio at 18.77.
Oceaneering International Inc.’s quick ratio for the period ended June 30 was 1.90, with the current ratio over the same period at 2.24. As well, the company’s long term debt to equity for the quarter ending June 30 was 1.67, while the total debt to equity was 1.76. In terms of profitability, the gross margin trailing 12 months is 16.34%. The trailing 12-month EBITDA margin is 11.22% while for the period ending June 30, Oceaneering International Inc.’s operating margin was 7.40%. The firm’s gross profit as reported stood at $110.86 million against revenue of $2.07 billion.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 80.42% to $19.0 million, while revenue of $4.06 million was 78.63% off the previous quarter. Analysts expected OII to announce $0.29 per share in earnings in its latest quarter, but it posted $0.18, representing a -37.90% surprise. EBITDA for the quarter stood at more than $75.25 million. OII stock balance sheet for the quarter ending June 30 shows that total liabilities totaled 1.61 billion, with total debt at $959.06 million. Shareholders hold equity totaling $100.78 million.
Let’s look briefly at Oceaneering International Inc. (OII) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 53.01% to suggest the stock is trending Neutral, with historical volatility in this time period at 39.18%.
The stock’s 5-day moving average is $24.08, reflecting a -2.02% or -$0.50 change from its current price. OII is currently trading +11.10% above its 20-day SMA, +40.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.46% and SMA200 by+62.01%.
Stochastic %K and %D was 29.97% and 36.35% and the average true range (ATR) pointed at 0.96. The RSI (14) points at 55.97%, while the 14-day stochastic is at 31.73% with the period’s ATR at 0.95. The stock’s 9-day MACD Oscillator is pointing at -0.59 and -0.63 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Oceaneering International Inc. (NYSE: OII), The Benchmark Company launched coverage with a Buy rating. Analysts offering their rating for OII stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate OII as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is OII’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $17.00 and a high of $27.00, with their median price target at $24.00. Looking at these predictions, the average price target given by analysts is for Oceaneering International Inc. (OII) stock is $23.14.
