The closing price of Oceaneering International, Inc. (NYSE: OII) was $19.76 for the day, down -4.86% from the previous closing price of $20.77. In other words, the price has decreased by -$1.01 from its previous closing price. On the day, 1746966 shares were traded.
Ratios:
Our analysis of OII’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.41. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 28 when Roedel Shaun sold 2,122 shares for $26.85 per share. The transaction valued at 56,984 led to the insider holds 51,429 shares of the business.
Curtis Alan R sold 31,011 shares of OII for $821,233 on Sep 27. The SVP and CFO now owns 161,277 shares after completing the transaction at $26.48 per share. On Sep 26, another insider, Childress Earl, who serves as the SVP, Chief Commercial Ofc. of the company, sold 14,600 shares for $26.01 each. As a result, the insider received 379,746 and left with 64,791 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 2.09B and an Enterprise Value of 2.48B. As of this moment, Oceaneering’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.74, and their Forward P/E ratio for the next fiscal year is 10.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.82 while its Price-to-Book (P/B) ratio in mrq is 3.17. Its current Enterprise Value per Revenue stands at 1.02 whereas that against EBITDA is 8.20.
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 20.87, while the 200-Day Moving Average is calculated to be 21.23.
Shares Statistics:
OII traded an average of 775.37K shares per day over the past three months and 858.12k shares per day over the past ten days. A total of 100.80M shares are outstanding, with a floating share count of 98.77M. Insiders hold about 2.02% of the company’s shares, while institutions hold 94.62% stake in the company. Shares short for OII as of Feb 15, 2024 were 4.82M with a Short Ratio of 6.22, compared to 4.29M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.78% and a Short% of Float of 6.91%.
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
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.22 for the current quarter, with a high estimate of $0.3 and a low estimate of $0.07, while EPS last year was $0.05. The consensus estimate for the next quarter is $0.39, with high estimates of $0.48 and low estimates of $0.32.
Analysts are recommending an EPS of between $1.9 and $1.43 for the fiscal current year, implying an average EPS of $1.6. EPS for the following year is $1.97, with 5 analysts recommending between $2.36 and $1.6.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $689M 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 15.30% 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 $2.8B, while the lowest revenue estimate was $2.58B, resulting in an average revenue estimate of $2.66B. In the same quarter a year ago, actual revenue was $2.42B, up 9.70% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $2.88B in the next fiscal year. The high estimate is $2.98B and the low estimate is $2.79B. The average revenue growth estimate for next year is up 8.40% from the average revenue estimate for this year.
