While Oceaneering International, Inc. has underperformed by -4.07%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OII fell by -7.65%, with highs and lows ranging from $30.45 to $18.67, whereas the simple moving average jumped by 4.00% in the last 200 days.
On January 19, 2023, The Benchmark Company started tracking Oceaneering International, Inc. (NYSE: OII) recommending Buy. A report published by Barclays on October 06, 2022, Downgraded its rating to ‘Equal Weight’ for OII. Piper Sandler also Upgraded OII shares as ‘Overweight’, setting a target price of $21 on the company’s shares in a report dated February 01, 2022. Cowen resumed its ‘Market Perform’ rating for OII, as published in its report on March 03, 2021. Cowen’s report from August 07, 2020 suggests a price prediction of $6 for OII shares, giving the stock a ‘Market Perform’ rating. Citigroup also rated the stock as ‘Buy’.
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Analysis of Oceaneering International, Inc. (OII)
Further, the quarter-over-quarter increase in sales is 11.86%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Oceaneering International, Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 20.81% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.42, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 822.07K can be a very valuable indicator of volatility for OII stock. On a monthly basis, the volatility of the stock is set at 3.74%, whereas on a weekly basis, it is put at 3.62%, with a loss of -7.04% over the past seven days. Furthermore, long-term investors anticipate a median target price of $29.25, showing growth from the present price of $24.04, which can serve as yet another indication of whether OII is worth investing in or should be passed over.
How Do You Analyze Oceaneering International, Inc. Shares?
The USA based company Oceaneering International, Inc. (OII) is one of the biggest names in Oil & Gas Equipment & Services. When comparing Oceaneering International, Inc. shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 19.77, there is a growth in quarterly earnings of 83.31%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.96%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 98.83% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OII shares are owned by institutional investors to the tune of 98.83% at present.
