Should You Invest in Oceaneering International, Inc. (OII) Now?

Oceaneering International, Inc. (NYSE: OII) has a higher price-to-earnings ratio of 26.77x compared to its average ratio, The 36-month beta value for OII is at 2.46. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 18 as “hold,” and 2 as “sell.”

The public float for OII is 98.67M, and currently, shorts hold a 4.63% of that float. The average trading volume for OII on April 04, 2024 was 793.22K shares.

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OII) stock’s latest price update

The stock price of Oceaneering International, Inc. (NYSE: OII) has surged by 2.90 when compared to previous closing price of 24.79, but the company has seen a 11.69% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that Zacks.com users have recently been watching Oceaneering International (OII) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.

OII’s Market Performance

OII’s stock has risen by 11.69% in the past week, with a monthly rise of 25.23% and a quarterly rise of 23.54%. The volatility ratio for the week is 2.67% while the volatility levels for the last 30 days are 2.76% for Oceaneering International, Inc. The simple moving average for the past 20 days is 16.34% for OII’s stock, with a 17.02% simple moving average for the past 200 days.

Analysts’ Opinion of OII

Many brokerage firms have already submitted their reports for OII stocks, with The Benchmark Company repeating the rating for OII by listing it as a “Buy.” The predicted price for OII in the upcoming period, according to The Benchmark Company is $25 based on the research report published on January 19, 2023 of the previous year 2023.

Barclays, on the other hand, stated in their research note that they expect to see OII reach a price target of $10, previously predicting the price at $15. The rating they have provided for OII stocks is “Equal Weight” according to the report published on October 06th, 2022.

Piper Sandler gave a rating of “Overweight” to OII, setting the target price at $21 in the report published on February 01st of the previous year.

OII Trading at 19.29% from the 50-Day Moving Average

After a stumble in the market that brought OII to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.10% of loss for the given period.

Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 2.67%, as shares surge +26.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.90% upper at present.

During the last 5 trading sessions, OII rose by +11.69%, which changed the moving average for the period of 200-days by +43.31% in comparison to the 20-day moving average, which settled at $22.20. In addition, Oceaneering International, Inc. saw 19.88% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at OII starting from Beachy Karen H, who sale 7,600 shares at the price of $20.50 back on Mar 07 ’24. After this action, Beachy Karen H now owns 22,786 shares of Oceaneering International, Inc., valued at $155,800 using the latest closing price.

Roedel Shaun, the SVP, Mfd. Prods. of Oceaneering International, Inc., sale 2,122 shares at $26.85 during a trade that took place back on Sep 28 ’23, which means that Roedel Shaun is holding 51,429 shares at $56,984 based on the most recent closing price.

Stock Fundamentals for OII

Current profitability levels for the company are sitting at:

  • 0.07 for the present operating margin
  • 0.16 for the gross margin

The net margin for Oceaneering International, Inc. stands at 0.04. The total capital return value is set at 0.12. Equity return is now at value 16.97, with 4.56 for asset returns.

Based on Oceaneering International, Inc. (OII), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 4.96.

Currently, EBITDA for the company is 286.29 million with net debt to EBITDA at 1.79. When we switch over and look at the enterprise to sales, we see a ratio of 1.22. The receivables turnover for the company is 4.29for trailing twelve months and the total asset turnover is 1.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.

Conclusion

In conclusion, Oceaneering International, Inc. (OII) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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