After finishing at $24.42 in the prior trading day, Oceaneering International, Inc. (NYSE: OII) closed at $24.51, up 0.37%. In other words, the price has increased by $+0.09 from its previous closing price. On the day, 585977 shares were traded. OII stock price reached its highest trading level at $24.53 during the session, while it also had its lowest trading level at $24.04.
Ratios:
Our goal is to gain a better understanding of OII by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.56. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2.48B and an Enterprise Value of 2.87B. As of this moment, Oceaneering’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.72, and their Forward P/E ratio for the next fiscal year is 14.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.02 while its Price-to-Book (P/B) ratio in mrq is 3.93. Its current Enterprise Value per Revenue stands at 1.18 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 21.91, while the 200-Day Moving Average is calculated to be 22.05.
Shares Statistics:
The stock has traded on average 834.80K shares per day over the past 3-months and 991.22k shares per day over the last 10 days, according to various share statistics. A total of 100.80M shares are outstanding, with a floating share count of 98.67M. Insiders hold about 2.13% of the company’s shares, while institutions hold 94.32% stake in the company. Shares short for OII as of Mar 28, 2024 were 4.36M with a Short Ratio of 5.22, compared to 4.92M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.30% and a Short% of Float of 6.08%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.32. The current Payout Ratio is 0.00% for OII, which recently paid a dividend on Sep 15, 2017 with an ex-dividend date of Aug 23, 2017. Stock splits for the company last occurred on Jun 13, 2011 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. 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 analysts recommending between $2.24 and $1.26.
Revenue Estimates
4 analysts predict $587.42M in revenue for the current quarter. 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 $536.99M, an estimated increase of 9.40% from the year-ago figure.
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 $2.42B, up 7.00% from the average estimate. Based 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. The average revenue growth estimate for next year is up 9.60% from the average revenue estimate for this year.
