The stock of Oceaneering International, Inc. (NYSE: OII) has decreased by -0.41 when compared to last closing price of 24.52. Despite this, the company has experienced a -4.27% fall 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.
Is It Worth Investing in Oceaneering International, Inc. (NYSE: OII) Right Now?
The price-to-earnings ratio for Oceaneering International, Inc. (NYSE: OII) is above average at 25.63x, Company’s 36-month beta value is 2.46.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 18 as “hold,” and 2 as “sell.”
The public float for OII is 98.67M, and currently, short sellers hold a 4.42% ratio of that floaft. The average trading volume of OII on April 11, 2024 was 821.65K shares.
OII’s Market Performance
The stock of Oceaneering International, Inc. (OII) has seen a -4.27% decrease in the past week, with a 19.01% rise in the past month, and a 25.23% gain in the past quarter. The volatility ratio for the week is 2.91%, and the volatility levels for the past 30 days are at 2.75% for OII. The simple moving average for the last 20 days is 5.69% for OII stock, with a simple moving average of 11.09% for the last 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 12.06% 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 -11.07% of loss for the given period.
Volatility was left at 2.75%, however, over the last 30 days, the volatility rate increased by 2.91%, as shares surge +19.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.11% upper at present.
During the last 5 trading sessions, OII fell by -4.27%, which changed the moving average for the period of 200-days by +42.56% in comparison to the 20-day moving average, which settled at $23.30. In addition, Oceaneering International, Inc. saw 14.76% 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 1.17. 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 a nutshell, Oceaneering International, Inc. (OII) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
