While Oceaneering International, Inc. has overperformed by 0.87%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OII rose by 4.06%, with highs and lows ranging from $30.45 to $18.67, whereas the simple moving average jumped by 10.40% 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.
One of the most important indicators of Oceaneering International, Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. 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.
For any stock, average volume can also provide valuable insight into volatility, and OII is recording 816.01K average volume. On a monthly basis, the volatility of the stock is set at 3.77%, whereas on a weekly basis, it is put at 3.33%, with a gain of 2.31% over the past seven days. Furthermore, long-term investors anticipate a median target price of $29.25, showing growth from the present price of $25.64, 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 Oil & Gas Equipment & Services market is dominated by Oceaneering International, Inc. (OII) based in the USA. 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 21.08, there is a growth in quarterly earnings of 83.31%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 1.91%. 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 98.85% 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 98.85% at present.
