OII

Oceaneering International Inc

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Advanced Chart

24.400

-0.2(-0.813%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

24.710

Open

24.560

VWAP

24.40

Vol

484.00K

Mkt Cap

2.45B

Low

24.260

Amount

11.81M

EV/EBITDA(TTM)

6.01

Total Shares

101.39M

2.49B

EV/OCF(TTM)

11.51

P/S(TTM)

0.90

Oceaneering International, Inc. is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. Its Subsea Robotics segment includes remotely operated vehicles (ROVs), survey services and ROV tooling businesses. The Manufactured Products segment provides distribution systems, such as production control umbilicals and connection systems made up of specialty subsea hardware, along with clamp connectors and subsea and topside control valves. The Offshore Projects Group segment provides a portfolio of integrated subsea project capabilities and solutions. The Integrity Management & Digital Solutions segment provides asset integrity management, corrosion management, inspection and nondestructive testing services. The Aerospace and Defense Technologies segment provides services and products, including engineering and related manufacturing in defense and space exploration activities.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

720.18M

+6.77%

0.305

-29.18%

691.25M

-3.11%

0.362

-2.15%

698.76M

+2.79%

0.420

+16.68%

Estimates Revision

The market is revising No Change the revenue expectations for Oceaneering International, Inc. (OII) for FY2025, with the revenue forecasts being adjusted by 0% over the past three months. During the same period, the stock price has changed by 26.36%.

Revenue Estimates for FY2025

No Change

0.00%

In Past 3 Month

EPS Estimates for FY2025

No Change

0.00%

In Past 3 Month

Stock Price

Go Up

+26.36%

In Past 3 Month

1 Analyst Rating

-9.84% Downside

Wall Street analysts forecast OII stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for OII is 22.00 USD with a low forecast of 22.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

1 Hold

0 Sell

Hold

-9.84% Downside

Current: 24.400

Low

22.00

Averages

22.00

High

22.00

-9.84% Downside

Current: 24.400

Low

22.00

Averages

22.00

High

22.00

Barclays

Equal Weight

maintain

$21 -> $22

2025-08-01

Reason

Barclays

Price Target

$21 -> $22

2025-08-01

maintain

Equal Weight

Reason

Barclays raised the firm's price target on Oceaneering to $22 from $21 and keeps an Equal Weight rating on the shares. The company's Q2 results were the latest sign that offshore drilling markets "are staying above the fray," the analyst tells investors in a research note.

Pickering Energy Partners

David Smith

Sell

Hold

Upgrades

n/a

2025-04-02

Reason

Pickering Energy Partners

David Smith

Price Target

n/a

2025-04-02

Upgrades

Sell

Hold

Reason

Pickering Energy analyst David Smith upgraded Oceaneering to Neutral from Underperform.

Barclays

David Anderson

Hold

Maintains

$26 → $22

2025-03-05

Reason

Barclays

David Anderson

Price Target

$26 → $22

2025-03-05

Maintains

Hold

Reason

Barclays lowered the firm's price target on Oceaneering to $22 from $26 and keeps an Equal Weight rating on the shares. The firm says Smid-cap offshore services guided to flattish offshore activity levels in 2025, though it now sees further downside risk following OPEC's decision to bring back barrels in April. The analyst now models the company modestly below the low end of its 2025 EBITDA guidance range.

Citigroup

Scott Gruber

Strong Buy

Hold

Downgrades

$30

2025-01-10

Reason

Citigroup

Scott Gruber

Price Target

$30

2025-01-10

Downgrades

Strong Buy

Hold

Reason

Citi analyst Scott Gruber downgraded Oceaneering to Neutral from Buy with an unchanged price target of $30. Oceaneering outperformed the group last year and has already communicated a solid EBITDA forecast for 2025, the analyst tells investors in a research note. However, Citi trimmed EBITDA estimate slightly and foresees slower growth from here resulting in limited upside for the shares.

TD Cowen

Marc Bianchi

Hold

Maintains

$26 → $27

2025-01-08

Reason

TD Cowen

Marc Bianchi

Price Target

$26 → $27

2025-01-08

Maintains

Hold

Reason

Barclays

David Anderson

Sell

Hold

Upgrades

$22 → $26

2024-12-18

Reason

Barclays

David Anderson

Price Target

$22 → $26

2024-12-18

Upgrades

Sell

Hold

Reason

Barclays analyst Eddie Kim upgraded Oceaneering to Equal Weight from Underweight with a price target of $26, up from $22. With the "bearish" oil macro environment weighing on global spending and investor sentiment, the firm downgraded the energy services sector to Neutral from Positive. The cycle is slowing and global spending is projected to be flat in 2025 with downside risk, the analyst tells investors in a research note. The firm says "it's a pause, not the end of the cycle," with the next leg driven by deepwater, but adds that upstream spending "could get worse before better." Barclays believes Oceaneering's robotics business is a "moat business" with high margins, low capex, limited competition with both rigs and vessels driving demand.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Oceaneering International Inc (OII.N) is 16.20, compared to its 5-year average forward P/E of 35.61. For a more detailed relative valuation and DCF analysis to assess Oceaneering International Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

35.61

Current PE

16.20

Overvalued PE

95.41

Undervalued PE

-24.18

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

7.50

Current EV/EBITDA

6.98

Overvalued EV/EBITDA

8.68

Undervalued EV/EBITDA

6.32

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

0.72

Current PS

0.88

Overvalued PS

0.91

Undervalued PS

0.53

Financials

Annual

Quarterly

FY2025Q2

YoY :

+4.39%

698.16M

Total Revenue

FY2025Q2

YoY :

+35.33%

81.69M

Operating Profit

FY2025Q2

YoY :

+55.56%

54.44M

Net Income after Tax

FY2025Q2

YoY :

+58.82%

0.54

EPS - Diluted

FY2025Q2

YoY :

+55.87%

46.40M

Free Cash Flow

FY2025Q2

YoY :

+20.31%

21.62

Gross Profit Margin - %

FY2025Q2

YoY :

-11.96%

3.68

FCF Margin - %

FY2025Q2

YoY :

+49.14%

7.80

Net Margin - %

FY2025Q2

YoY :

+47.69%

18.58

ROIC

Trading Trends

Insider

Insiders areSelling! The selling amount has increased 260.1% over the last month.

Sold

0-3

Months

361.5K

USD

3-6

Months

100.4K

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Hedge Fund

Hedge Funds areSelling! The selling amount has increased 65921.24% over the last quarter.

Sold

0-3

Months

0.0

Volume

3-6

Months

435.1K

Volume

6-9

Months

659.0

Volume

0-12

Months

0.0

Volume

Bought

0-3

0.0

Volume

Months

3-6

0.0

Volume

Months

6-9

448.5K

Volume

Months

0-12

0.0

Volume

Months

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

0.0

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Insider

Insiders areSelling! The selling amount has increased 260.1% over the last month.

Sold

0-3

Months

361.5K

USD

3-6

Months

100.4K

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

OII News & Events

Events Timeline

2025-08-20 (ET)

2025-08-20

17:04:07

Oceaneering Secures Contract for U.S. Navy's Corporate Component Repair Program

2025-07-23 (ET)

2025-07-23

17:03:21

Oceaneering sees FY25 revenue growth mid-single digits

2025-07-23

17:02:48

Oceaneering expects Q3 revenue to increase

News

6.0

08-29NASDAQ.COM

Oceaneering Wins Subsea Robotics Contracts from Petrobras

Oceaneering International's New Contracts with Petrobras

Contract Details: Oceaneering International, Inc. (OII) through its subsidiary Marine Production Systems do Brasil LTDA (MPS) has secured subsea robotics contracts with Petrobras, valued at approximately $180 million. These contracts were awarded in Q2 2025 and represent a significant expansion in Oceaneering's operations in Brazil's offshore energy sector.
Scope of Services: The contracts encompass a wide range of subsea support services, including inspection, maintenance, repair, and decommissioning activities essential for Petrobras’ offshore infrastructure. Oceaneering will utilize its work-class ROV fleet and specialized tooling packages on various Petrobras projects.
Contract Duration and Commencement: Each contract has a four-year duration with options for extensions, ensuring long-term stability. The contracts will commence in staggered phases starting in late 2025 and into early 2026, allowing for optimized resource allocation and project scheduling.

Strategic Importance and Technological Edge

Leadership Position: Martin McDonald, senior vice president of Subsea Robotics at Oceaneering, emphasized that these contracts solidify OII’s position as a leader in subsea robotics and strengthen its relationship with Petrobras, reflecting confidence in the offshore energy market's resilience and growth potential.
Technological Capabilities: Oceaneering is recognized for its advanced subsea robotics technology, with ROVs equipped with cutting-edge tools and sensors. This technological advantage ensures high standards of safety, efficiency, and reliability for Petrobras’ projects.

Commitment to Brazil and Future Opportunities

Long-term Presence: Oceaneering has nearly 30 years of continuous operations in Brazil, demonstrating a strong commitment to the region. The company operates critical facilities, including an ROV services center and an umbilical manufacturing plant, enhancing local supply-chain capabilities.
Impact on Offshore Energy Infrastructure: By winning these contracts, Oceaneering plays a crucial role in supporting Petrobras in maintaining and expanding Brazil’s offshore energy infrastructure, aligning with the country's goals for energy resource development and independence.

Market Position and Investment Insights

Zacks Rankings: Currently, OII holds a Zacks Rank #2 (Buy), while Petrobras has a Zacks Rank #3 (Hold). Investors may also consider other top-ranked stocks in the energy sector, such as Repsol and Precision Drilling, which have Zacks Rank #1 (Strong Buy).
Industry Growth Projections: The global semiconductor manufacturing market is projected to grow significantly, from $452 billion in 2021 to $971 billion by 2028, indicating strong demand in related sectors like Artificial Intelligence and Internet of Things.

Conclusion

Significance of Contracts: The new contracts with Petrobras not only expand Oceaneering's business but also highlight the importance of its technology and expertise in supporting Brazil’s offshore energy industry. This partnership is expected to foster continued growth and success for both companies in the future.

4.0

08-22NASDAQ.COM

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