In the latest session, Oceaneering International, Inc. (NYSE: OII) closed at $22.07 down -0.99% from its previous closing price of $22.29. In other words, the price has decreased by -$0.22 from its previous closing price. On the day, 991018 shares were traded.
Ratios:
For a deeper understanding of Oceaneering International, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.92. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2.22B and an Enterprise Value of 2.61B. As of this moment, Oceaneering’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.16, and their Forward P/E ratio for the next fiscal year is 12.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.92 while its Price-to-Book (P/B) ratio in mrq is 3.54. Its current Enterprise Value per Revenue stands at 1.08 whereas that against EBITDA is 8.63.
Stock Price History:
The Beta on a monthly basis for OII is 2.48, which has changed by 34.33% over the last 52 weeks, in comparison to a change of 32.31% over the same period for the S&P500. 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 20.79, while the 200-Day Moving Average is calculated to be 21.57.
Shares Statistics:
For the past three months, OII has traded an average of 778.57K shares per day and 833.47k over the past ten days. 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 95.02% stake in the company. Shares short for OII as of Feb 29, 2024 were 4.92M with a Short Ratio of 6.31, compared to 4.25M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.88% and a Short% of Float of 7.04%.
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
There are 3 different market analysts currently analyzing its stock. 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
A total of 4 analysts believe the company’s revenue will be $587.42M this 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.
