OII - Oceaneering International, Inc.
Chart Events
Momentum
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 2.8400 |
| Open | 3.0100 |
| Bid | 3.1500 x 1000 |
| Ask | 0.0000 x 3100 |
| Day's Range | 3.0000 - 3.3700 |
| 52 Week Range | 2.0100 - 21.2900 |
| Volume | 1,730,845 |
| Avg. Volume | 2,036,109 |
| Market Cap | 333.537M |
| Beta (5Y Monthly) | 2.77 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -3.5240 |
| Earnings Date | Apr 26, 2020 - Apr 30, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Aug 22, 2017 |
| 1y Target Est | 7.17 |
Fair Value
Related Research
- Moody's
Oceaneering International, Inc. -- Moody's announces completion of a periodic review of ratings of Oceaneering International, Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Oceaneering International, Inc. New York, April 03, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Oceaneering International, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's assessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers, which was followed by a rating committee.
- Zacks
Oceaneering (OII) Snips 2020 Capex Plan, Sticks to Q1 View
Oceaneering's (OII) updated capital budget will help it tide over the tough market conditions and sustain its operations. However the company decides to retain its first-quarter 2020 guidance.
- PR Newswire
Oceaneering International, Inc. Announces Financial and Operational Update
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today announced that it is confirming its first quarter 2020 guidance. However, consequent to the emerging global public health threat caused by the COVID-19 virus and the sudden collapse of crude oil pricing, Oceaneering also announced that it is withdrawing its full-year 2020 financial guidance. Additionally, Oceaneering expects to lower its organic capital expenditures for 2020 to between $60 million and $80 million and reduce its Unallocated Expenses to an average per quarter in the upper $20 million range.
- Moody's
Oceaneering International, Inc. -- Moody's downgrades Oceaneering to B1, stable outlook
Rating Action: Moody's downgrades Oceaneering to B1, stable outlook. Global Credit Research- 30 Mar 2020. Approximately $1.3 billion of unsecured debt instruments affected.
- Rigzone.com
Oceaneering Wins FLNG Contract
Oceaneering International has won an FLNG vessel maintenance build and inspection contract from Golar LNG.
- Zacks
Oceaneering International (OII) Down 62.4% Since Last Earnings Report: Can It Rebound?
Oceaneering International (OII) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Zacks
Halliburton (HAL) Soars: Stock Adds 5.2% in Session
Halliburton (HAL) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.
- Simply Wall St.
Earl Childress of Oceaneering International, Inc. (NYSE:OII) Just Spent US$65k On Shares
Whilst it may not be a huge deal, we thought it was good to see that Earl Childress, who is a company insider...
- Yahoo Finance
Oil price crash is making big oil companies slash spending
The oil industry responds to the crash in oil prices.
- Thomson Reuters StreetEvents
Edited Transcript of OII earnings conference call or presentation 25-Feb-20 4:00pm GMT
Q4 2019 Oceaneering International Inc Earnings Call
- American City Business Journals
Texas firm adding at least 135 manufacturing, engineering jobs in Anne Arundel
Oceaneering International Inc. will add more than 135 new jobs to its operations in Anne Arundel County as it seeks to grow its local employee count to 600 by the end of 2023. The Houston, Texas-based company currently has 463 full-time workers in the county at three facilities it leases along Dorsey Road in Hanover. The international engineering and applied technology company provides products and services to companies in the marine, aerospace, energy, defense and commercial theme park industries.
- Simply Wall St.
Does This Valuation Of Oceaneering International, Inc. (NYSE:OII) Imply Investors Are Overpaying?
How far off is Oceaneering International, Inc. (NYSE:OII) from its intrinsic value? Using the most recent financial...
- Zacks
Oceaneerin's (OII) Q4 Earnings and Revenues Beat Estimates
Revenues from Advanced Technologies segment decline in Q4 as Oceaneering (OII) faces delays and cost overruns on various projects.
- PR Newswire
Oceaneering to Present at the Credit Suisse Energy Summit
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that President Roderick A. Larson will meet with institutional investors and make a presentation at the Credit Suisse 25th Annual Energy Summit in Vail, Colorado on Tuesday, March 3, 2020.
- Zacks
Oceaneering International (OII) Beats Q4 Earnings and Revenue Estimates
Oceaneering International (OII) delivered earnings and revenue surprises of 118.75% and 6.68%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- PR Newswire
Oceaneering Reports Fourth Quarter and Full Year 2019 Results
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported a net loss of $263 million, or $(2.66) per share, on revenue of $561 million for the three months ended December 31, 2019. Adjusted net income was $2.5 million, or $0.03 per share, reflecting the impact of $255 million of pre-tax adjustments, primarily $240 million associated with asset impairments, write-downs and write-offs recognized during the quarter. During the prior quarter ended September 30, 2019, Oceaneering reported a net loss of $25.5 million, or $(0.26) per share, on revenue of $498 million, and an adjusted net loss of $29.7 million, or $(0.30) per share.
- PR Newswire
Oceaneering Awarded Riserless Light Well Intervention Contract by BP
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced the award by units of BP p.l.c. ("BP"), of a contract to provide comprehensive riserless light well intervention (RLWI) services offshore Angola in Blocks 18 and 31. The value of this meaningful award is reflected in our December 31, 2019 Subsea Products backlog.
- PR Newswire
Oceaneering Appoints Earl Childress to Succeed Steve Barrett as Senior Vice President, Business Development
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced the appointment of Earl Childress to succeed Steve Barrett as Senior Vice President, Business Development, effective upon Mr. Childress' commencement of employment with Oceaneering, which is expected on or about March 2, 2020. Oceaneering intends that Mr. Childress will have worldwide business development responsibility for Oceaneering's energy-related segments.
- Zacks
Things You Should Know from Halliburton's (HAL) Q4 Earnings
Well aware of the tough operating environment, Halliburton (HAL) aims to protect its cash flows in 2020.
- PR Newswire
Oceaneering Announces Dates for Fourth Quarter and Full Year 2019 Earnings Release and Conference Call
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced it will report financial results for the fourth quarter and full year 2019 on Monday, February 24, 2020, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering's website at www.oceaneering.com.
- PR Newswire
Oceaneering to Participate at the Goldman Sachs Global Energy Conference 2020
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that President and Chief Executive Officer Roderick A. Larson will meet with institutional investors and participate on the Oilfield Services panel, The Pace and Health of the Offshore Recovery, at the Goldman Sachs Global Energy Conference in Miami, Florida on Tuesday, January 7, 2020.
- TipRanks
Goldman Sachs: These 3 Oil Stocks Are Set for Enormous Gains in 2020
Investment bank Goldman Sachs has been looking at the oil industry and finding the stocks to buy. The picture is looking good as we enter 2020, but there’s still background to understand.Falling prices and a slowing rate of production increases have put pressure on the US oil sector in 2019. The coming year is looking good, however, as Q1 is generally seasonally strong for US oil companies. Exploration and production budgets are renewed with the new year, and toward the end of the quarter, as the weather improves, fracking activity and rig counts begin to recover.Perhaps anticipating a rising quarter, the oil sector has gained some 10% in the past month. Headwinds remain, however, in the form of OPEC cuts and slowing American production as companies try to leverage lower production to maintain prices. Outside of OPEC and the US, however, Goldman’s analysts expect that producers will continue to boost output.The banking giant sees several important stock plays in the segment for investors to consider in coming months. One is a straight Buy; the others are upgrades and deserve a closer look. Running each stock through the Stock Screener tool at TipRanks, we’ve confirmed that Goldman Sachs is in the majority on Wall Street in recommending these equities. Here’s what you need to know about them.Schlumberger Limited (SLB)With 100,000 employees, operations in 120 countries, and a market cap of $55 billion, Schlumberger is a major player in the oilfield services industry. The company offers the array of services that drilling companies need to conduct operations, with a heavy emphasis on drilling systems and well completions, as well as production services to get oil out of the ground. SLB saw more than $32 billion in revenue for 2018, and is on track to show another good year in 2019.The third quarter results for the company were positive, with a 43-cent EPS and revenues of $8.54 billion. Both of those results came in over the estimates – industry analysts had predicted EPS of 40 cents and revenues of $8.50 billion.The strong quarter and solid earnings prop up an even stronger dividend. SLB pays out 50 cents per quarter, and has steadily since 2015. The quarterly payment is higher than the EPS, but the company’s share growth and upside can support that, at least temporarily (more below). For investors, the best part is the yield – at 5.02%, the dividend is more than double the average of S&P listed companies.Goldman Sachs' Angie Sedita included SLB in her reviews of oil industry companies. She sees it as a buying proposition, and reiterated her Buy rating on the shares. She set out a case reflecting “1) leadership in the international markets… 2) self-help story of driving margin gains both in North America and Internationally… 3) competitive moat through its technology leadership… 4) global size and scale, more than double the size of the next closest competitor… 5) new CEO’s strategy of a capital light asset model… 6) potential for long-term margin upside from SLB’s digital offerings… 7) solid free cash flow generation (7% FCF yield on 2020E) and an attractive dividend yield (~5.0%).”Overall, Sedita paints a solid picture of Schlumberger, befitting a company with a long history in the industry (it was founded in 1926) and a leading presence among its peers. She puts a $55 price target on the stock, suggesting a 36% upside potential. (To watch Sedita’s track record, click here)The rest of Wall Street echoes Sedita's bullish play, as TipRanks analytics exhibit SLB as a Strong Buy. With 9 Buys backing that rating, the consensus is unanimous. SLB shares sell for $39.71, and the average price target, of $43.33, indicates room for a modest, but likely reliable, 9% upside. (See Schlumberger’s stock analysis at TipRanks)NexTier Oilfield Solutions (NEX)The oil industry isn’t just all about extraction. The drilling companies need support services, everything from pipelines and storage facilities to waste disposal and recycling. The fracking revolution, which has revitalized the American oil fields, brings with it a need for a variety of specialized services. Water and water mixtures, chemical disposal, pumps, tubing, tanker trucks – it’s a long list, and NexTier has evolved to fill the niche.That niche is sustainable clear from the company’s third quarter earnings. NEX beat the forecast by 100%, reporting 8 cents per share – double the 4 cents predicted. This came after an even higher beat in Q2, when the company reported 6 cents EPS against a predicted loss of 5 cents. In revenue, NEX brought in $443.95 million for Q3, in line with the forecasts.The upbeat Q3 numbers came in as NexTier was forming. The company inherited the past performance of Keane Group after Keane merged with C&J Energy Services. The name change to NexTier was part of that amalgamation. The merger of equals was formed to take advantage of cost efficiencies available through the combination.Keeping in mind the company’s solid industry niche, Goldman Sachs upgraded NEX from Neutral to Buy. Analyst Angie Sedita wrote, “NEX is a top-tier player within the bifurcated pressure pumping segment. NEX has strong field execution, top tier profitability per fleet, and a high level of dedicated agreements with larger E&P operators.” She backed her Buy rating with a $9 price target that indicates a robust 34% upside potential. (To watch Sedita’s track record, click here)Overall, NEX shares are a bargain in the oil industry. At just $6.69, the share price is an easy point of entry, and the stock has a Strong Buy consensus rating based on 3 Buys and 1 Hold. The average price target, $7.63, suggests room for 15% upside growth in the next 12 months. (See NexTier’s stock analysis at TipRanks)Oceaneering International (OII)The next one may not seem like an oil sector stock, but the connection is there. Oceaneering is a sea-floor exploration technology company, offering engineering and tech services including undersea remote operated vehicles; deepwater diving, inspection, and testing systems; seafloor surveying and mapping, and project management. The company serves government customers, as well as aerospace and marine engineering and construction firms, but a large part of its business is with the oil and gas industry – specifically, of course, the off-shore components of the industry.The oil industry’s difficulties in Q3 pushed Oceaneering into net losses each quarter. The most recent, Q3, showed a loss of 30 cents per share, not only a net loss, but also a loss deeper than expected. Revenues came in at $498 million, down 4% year-over-year, but also 5.5% below the forecast. OII’s Asset Integrity and Advanced Technologies units led the losses.On a positive note, OII ended Q3 with cash on hand of $340.3 million. The company had kept capital expenditures low, at just $58 million, and carries long-term debt of just under $800 million. Overall, the company’s cash and capital picture is sustainable.Goldman’s Sedita analyzed OII’s position, and saw fit to upgrade the stock and bump up the price target. In her comments, Sedita justified her Buy rating: “We are increasing our 2020/2021 EBITDA estimates by ~7%/~10% on slightly higher margin assumptions, our view of a steadily improving offshore market environment and OII’s market leading position in ROVs…” Her $20 price target suggests room for 34% upside growth.OII shares have 6 recent reviews backing its Strong Buy consensus ratings. Those reviews include 5 Buys and 1 Hold. Shares are priced at $14.90, and the average target of $17.60 implies a strong upside of 19%. (See Oceaneering’s stock analysis at TipRanks)
- Insider Monkey
Should You Buy Oceaneering International, Inc. (OII)?
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and a 20% drop in […]
- Simply Wall St.
Did Oceaneering International, Inc. (NYSE:OII) Insiders Buy Up More Shares?
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
