In the past week, OII stock has gone up by 8.90%, with a monthly gain of 5.74% and a quarterly surge of 9.86%. The volatility ratio for the week is 3.36%, and the volatility levels for the last 30 days are 3.81% for Oceaneering International, Inc. The simple moving average for the past 20 days is 6.56% for OII’s stock, with a 12.60% simple moving average for the past 200 days.
Is It Worth Investing in Oceaneering International, Inc. (NYSE: OII) Right Now?
The price-to-earnings ratio for Oceaneering International, Inc. (NYSE: OII) is 21.53x, which is above its average ratio. Moreover, the 36-month beta value for OII is 2.35. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 18 as “hold,” and 2 as “sell.”
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The public float for OII is 99.54M and currently, short sellers hold a 5.43% of that float. On October 04, 2024, OII’s average trading volume was 815.27K shares.
OII) stock’s latest price update
Oceaneering International, Inc. (NYSE: OII)’s stock price has soared by 2.11 in relation to previous closing price of 25.64. Nevertheless, the company has seen a gain of 8.90% in its stock price over the last five trading days. businesswire.com reported 2024-09-25 that HOUSTON–(BUSINESS WIRE)–Oceaneering Announces Dates for Third Quarter 2024 Earnings Release and Conference Call, October 23 and October 24, respectively.
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 0.84% 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 -14.02% of loss for the given period.
Volatility was left at 3.81%, however, over the last 30 days, the volatility rate increased by 3.36%, as shares surge +5.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.87% upper at present.
During the last 5 trading sessions, OII rose by +8.90%, which changed the moving average for the period of 200-days by +28.02% in comparison to the 20-day moving average, which settled at $24.64. In addition, Oceaneering International, Inc. saw 23.03% 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 3,300 shares at the price of $22.94 back on Sep 10 ’24. After this action, Beachy Karen H now owns 28,229 shares of Oceaneering International, Inc., valued at $75,702 using the latest closing price.
Beachy Karen H, the Director of Oceaneering International, Inc., proposed sale 3,300 shares at $22.94 during a trade that took place back on Sep 10 ’24, which means that Beachy Karen H is holding shares at $75,702 based on the most recent closing price.
Stock Fundamentals for OII
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.17 for the gross margin
The net margin for Oceaneering International, Inc. stands at 0.05. The total capital return value is set at 0.13. Equity return is now at value 20.81, with 5.57 for asset returns.
Based on Oceaneering International, Inc. (OII), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.92. The interest coverage ratio of the stock is 5.55.
Currently, EBITDA for the company is 286.29 million with net debt to EBITDA at 1.78. When we switch over and look at the enterprise to sales, we see a ratio of 1.24. The receivables turnover for the company is 4.06for trailing twelve months and the total asset turnover is 1.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
Conclusion
To wrap up, the performance of Oceaneering International, Inc. (OII) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
