Pickering Energy Partners has recently raised Oceaneering International Inc (OII) stock to Neutral rating, as announced on April 2, 2025, according to Finviz. Earlier, on January 10, 2025, Citigroup had reduced the stock from a Buy to Neutral, setting a price target of $30. Barclays also raised Equal Weight rating with a price target of $26. Additionally, The Benchmark Company initiated Buy rating on January 19, 2023, with a target price of $25. Barclays analysts, in their report published on October 6, 2022, also reduced Equal Weight rating and set a price target of $10 for Oceaneering International Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Oceaneering International Inc (OII) Stock Trading Recap
On Thursday, Oceaneering International Inc (OII) stock saw a modest uptick, ending the day at $18.98 which represents a slight increase of $0.60 or 3.26% from the prior close of $18.38. The stock opened at $18.89 and touched a low of $18.7 during the day, reaching a high of $19.27. The volume of shares traded was 0.66 million falling short of the average volume of 1.08 million.
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OII Stock Performance and Moving Averages
In recent trading, Oceaneering International Inc (OII) stock price has shown some volatility, fluctuating 1.77% over the last five trades and 19.00% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -25.42%, and it has plunged by -23.03% in the previous three months. Currently, OII is trading at 6.52%, -2.07%, and -22.20% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, OII, a Energy sector stock, is trading -38.72% below its 52-week high but remains 22.77% above its 52-week low. The Average True Range (ATR) (14 days) of 0.96 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Oceaneering International Inc’s Profitability and Valuation Ratios
Oceaneering International Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 10.34% and a profit margin of 6.68%, with a gross margin of -25.42%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Oceaneering International Inc’s market capitalization stands at $1.91 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 10.62, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 11.00. Additionally, the Price-to-Sales Ratio is 0.70, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.47, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.88% of Oceaneering International Inc (OII)’s shares, while financial institutions hold 98.81%.
Notable insider trades include MCEVOY M KEVIN, Director at Oceaneering International Inc (OII), who sold 9,675 shares on Aug 20 ’24, at $26.12 each, totaling $0.25 million. On Aug 15 ’24, Curtis Alan R, SVP and CFO, sold 21,070 shares for $27.32 each, amounting to $0.58 million. Additionally, on Aug 08 ’24, Childress Earl sold 10,000 shares at $25.70 each, generating $0.26 million.
