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The price of Oceaneering International, Inc. (NYSE: OII) closed at $23.05 in the last session, down -0.69% from day before closing price of $23.21. In other words, the price has decreased by -$0.69 from its previous closing price. On the day, 1.04 million shares were traded. OII stock price reached its highest trading level at $23.33 during the session, while it also had its lowest trading level at $22.68.
Ratios:
We take a closer look at OII’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.98. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 1.78. In the meantime, Its Debt-to-Equity ratio is 1.35 whereas as Long-Term Debt/Eq ratio is at 1.23.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on January 19, 2023, initiated with a Buy rating and assigned the stock a target price of $25.
On October 06, 2022, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $15 to $10.
Piper Sandler Upgraded its Neutral to Overweight on February 01, 2022, whereas the target price for the stock was revised from $17 to $21.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 07 ’24 when Beachy Karen H sold 7,600 shares for $20.50 per share. The transaction valued at 155,800 led to the insider holds 22,786 shares of the business.
Roedel Shaun sold 2,122 shares of OII for $56,984 on Sep 28 ’23. The SVP, Mfd. Prods. now owns 51,429 shares after completing the transaction at $26.85 per share. On Sep 27 ’23, another insider, Curtis Alan R, who serves as the SVP and CFO of the company, sold 31,011 shares for $26.48 each. As a result, the insider received 821,233 and left with 161,277 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OII now has a Market Capitalization of 2353197568 and an Enterprise Value of 2716897024. As of this moment, Oceaneering’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.19, and their Forward P/E ratio for the next fiscal year is 13.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.96 while its Price-to-Book (P/B) ratio in mrq is 3.70. Its current Enterprise Value per Revenue stands at 1.121 whereas that against EBITDA is 9.49.
Stock Price History:
Over the past 52 weeks, OII has reached a high of $27.46, while it has fallen to a 52-week low of $14.99. The 50-Day Moving Average of the stock is 3.29%, while the 200-Day Moving Average is calculated to be 3.78%.
Shares Statistics:
According to the various share statistics, OII traded on average about 839.50K shares per day over the past 3-months and 793630 shares per day over the past 10 days. A total of 100.80M shares are outstanding, with a floating share count of 98.83M. Insiders hold about 1.96% of the company’s shares, while institutions hold 94.05% stake in the company. Shares short for OII as of 1711584000 were 4357651 with a Short Ratio of 5.19, compared to 1709164800 on 4915007. Therefore, it implies a Short% of Shares Outstanding of 4357651 and a Short% of Float of 6.08.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.32.
Earnings Estimates
Currently, 3.0 analysts are dedicated to thoroughly evaluating and rating the performance of Oceaneering International, Inc. (OII) in the stock market.On average, analysts expect EPS of -$0.24 for the current quarter, with a high estimate of $0.07 and a low estimate of -$0.7, while EPS last year was $0.05. The consensus estimate for the next quarter is $0.33, with high estimates of $0.35 and low estimates of $0.3.
Analysts are recommending an EPS of between $1.21 and $1.01 for the fiscal current year, implying an average EPS of $1.11. EPS for the following year is $1.69, with 3.0 analysts recommending between $2.24 and $1.26.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $587.42M. It ranges from a high estimate of $596M to a low estimate of $580.5M. As of the current estimate, Oceaneering International, Inc.’s year-ago sales were $536.99MFor the next quarter, 4 analysts are estimating revenue of $639.78M. There is a high estimate of $645.81M for the next quarter, whereas the lowest estimate is $635M.
A total of 5 analysts have provided revenue estimates for OII’s current fiscal year. The highest revenue estimate was $2.6B, while the lowest revenue estimate was $2.58B, resulting in an average revenue estimate of $2.59B. In the same quarter a year ago, actual revenue was $2.42BBased on 5 analysts’ estimates, the company’s revenue will be $2.84B in the next fiscal year. The high estimate is $2.91B and the low estimate is $2.79B.
