Oceaneering International, Inc. (NYSE: OII): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Oceaneering Announces Dates for First Quarter 2024 Earnings Release and Conference Call.

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Stocks Info

OII belongs to the Energy sector of the NYSE while operating in the Oil & Gas Equipment & Services industry. The current market capitalization of Oceaneering International, Inc. is $2.36B. A total of 0.72 million shares were traded on the day, compared to an average of 783.47K shares.

In the most recent transaction, Beachy Karen H sold 7,600 shares of OII for 20.50 per share on Mar 07 ’24. After the transaction, the Director now owns 22,786 company shares. In a previous transaction on Sep 28 ’23, Roedel Shaun sold 2,122 shares at 26.85 per share. OII shares that SVP, Mfd. Prods. owns now total 51,429.

Among the insiders who sold shares, Curtis Alan R disposed of 31,011 shares on Sep 27 ’23 at a per-share price of $26.48. This resulted in the SVP and CFO holding 161,277 shares of OII after the transaction. In another insider transaction, Childress Earl sold 14,600 shares at $26.01 per share on Sep 26 ’23. Company shares held by the SVP, Chief Commercial Ofc. now total 64,791.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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 -$0.24 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.07 per share and a lower estimate of -$0.7. The company reported an EPS of $0.38 in the last quarter, which was 18.80% higher than expectations of $0.32.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $6.23, while its Total Shareholder’s Equity was $511.02M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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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