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Tuesday, June 6, 2023

This Is Too Hot For Oceaneering International Inc. (NYSE: OII), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Oceaneering International Inc. (OII) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.10, or 0.62%, to $16.20. The Oceaneering International Inc. has recorded 11,687 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Oceaneering to Participate at CITI 2023 Energy and Climate Technology Conference.

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Stocks Info

As a NYSE listed company, OII falls under the Energy sector while operating within the Oil & Gas Equipment & Services industry segment. At the end of the last regular session, the stock closed at $16.10 and fluctuated between $16.48 as its day high and $15.88 as its day low. The current market capitalization of Oceaneering International Inc. is $1.62B. A total of 0.59 million shares were traded on the day, compared to an average of 842.08K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, OII has seen 0 BUY and 14 SELL insider trades, representing the acquisition of 0 and the disposition of 88,120 shares. Over the last 12 months, there were 26 BUYs and 14 SELLs from insiders. Insiders purchased 420,026 shares during that period but sold 88,120.

In the most recent transaction, GOODWIN DEANNA L sold 48,303 shares of OII for 16.57 per share on May 15. After the transaction, the Director now owns 19,899 company shares. In a previous transaction on Mar 30, Childress Earl sold 9,251 shares at 17.50 per share. OII shares that SVP, Chief Commercial Ofc. owns now total 79,391.

Among the insiders who sold shares, Beachy Karen H disposed of 9,500 shares on Mar 28 at a per-share price of $17.58. This resulted in the Director holding 30,386 shares of OII after the transaction. In another insider transaction, WEBSTER STEVEN A bought 10,731 shares at $7.77 per share on Sep 29. Company shares held by the Director now total 134,939.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. OII’s most recent ex-dividend date was 8/23/2017 when it declared a $0.15 quarterly dividend that was paid in cash on 9/15/2017. Previously, the company paid the dividend on 6/16/2017 with an ex-dividend date of 5/24/2017. The OII stock dividend was $0.15 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for OII in the last 3 months, the mean price target is $22.00 with high estimates of $25.00 and low estimates of $17.00. In terms of 52-week highs and lows, OII has a high of $22.26 and a low of $7.25.

As of this writing, OII has an earnings estimate of $0.29 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.37 per share and a lower estimate of $0.22. The company reported an EPS of $0.06 in the last quarter, which was -68.40% lower than expectations of $0.19.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. OII’s latest balance sheet shows that the firm has $538.11M in Cash & Short Term Investments as of fiscal 2021. There were $702.07M in debt and $501.16M in liabilities at the time. Its Book Value Per Share was $5.18, while its Total Shareholder’s Equity was $511.02M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OII is Buy with a score of 4.00.

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