OII Price Prediction Next Week
Analysis and Insights
To predict the stock price of Oceaneering International (OII) for the next trading week, we analyze both news sentiment and technical indicators.
News Sentiment Analysis:
- Citi Analyst Update: Citi analyst Scott Gruber reduced the price target for OII from $30 to $22, maintaining a Neutral rating. This adjustment reflects updates in the oil and gas equipment sector following recent earnings reports.
- Contract Award: OII was awarded a multi-year contract by the U.S. Department of Defense, marking the largest initial contract value in the company's history. This demonstrates OII's technological expertise and strong partnership with government customers.
Technical Analysis:
- Current Price: $22.16 as of 2025-03-24.
- RSI (14): 48.07, indicating a neutral position.
- MACD: Slightly bearish with a value of -0.74, but the MACD histogram shows a positive signal (0.38), suggesting potential bullish momentum.
- SMA: Trading above the 20-day ($20.73) and 50-day ($21.28) moving averages, indicating bullish strength.
- Fibonacci Levels: Pivot at $20.41, resistance at $21.60 and $22.33, support at $19.21 and $18.48.
Price Prediction:
Based on the analysis, OII is expected to trade between $21.60 and $22.33 next week. The stock may face resistance at $22.33, leading to a potential pullback.
Recommendation:
Sell OII at the upper resistance level of $22.33, targeting a drop to $21.60. If the stock breaks above $22.33, the next target could be $23.53.
OII Similar Chart Price Prediction
The price of OII is predicted to go up 7%, based on the high correlation periods with FFWM. The similarity of these two price pattern on the periods is 98.73%.
OII
FFWM
Up: 7%Similarity: 98.73%
OII Revenue Forecast
OII EPS Forecast
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OII Analyst's Forecast
David Anderson
Barclays
Hold
2025-03-05
Price Target
$26 → $22
Upside
+11.62%
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.
Scott Gruber
Citigroup
Strong Buy → Hold
2025-01-10
Price Target
$30
Upside
+13.64%
David Anderson
Barclays
Sell → Hold
2024-12-18
Price Target
$22 → $26
Upside
+5.56%
