Analyst Expects Oceaneering International, Inc. (NYSE: OII) To Make Big Moves

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. Earlier, Yahoo Finance discussed this stock as it revealed Oceaneering’s Manufactured Products Segment Books Contracts of Approximately $200 Million.

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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 $22.05 and fluctuated between $22.26 as its day high and $21.35 as its day low. The current market capitalization of Oceaneering International, Inc. is $2.22B. A total of 0.81 million shares were traded on the day, compared to an average of 743.84K 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 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 20 SELLs from insiders. Insiders purchased 302,613 shares during that period but sold 188,956.

In the most recent transaction, Roedel Shaun sold 2,122 shares of OII for 26.85 per share on Sep 28. After the transaction, the SVP, Mfd. Prods. now owns 51,429 company shares. In a previous transaction on Sep 27, Curtis Alan R sold 31,011 shares at 26.48 per share. OII shares that SVP and CFO owns now total 161,277.

Among the insiders who sold shares, Childress Earl disposed of 14,600 shares on Sep 26 at a per-share price of $26.01. This resulted in the SVP, Chief Commercial Ofc. holding 64,791 shares of OII after the transaction. In another insider transaction, DYER CHRISTOPHER J sold 4,800 shares at $21.49 per share on Aug 04. Company shares held by the SVP, OPGroup now total 12,601.

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 $26.17 with high estimates of $34.00 and low estimates of $23.00. In terms of 52-week highs and lows, OII has a high of $27.46 and a low of $14.99.

As of this writing, OII has an earnings estimate of $Omega Healthcare Investors, Inc per share for the current quarter. EPS was calculated based on a consensus of OIL estimates, with a high estimate of $Polaris Inc. per share and a lower estimate of $Organigram Holdings Inc.

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 $544.53M in Cash & Short Term Investments as of fiscal 2021. There were $872.78M in debt and $501.16M in liabilities at the time. Its Book Value Per Share was $5.62, 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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