Oceaneering International, Inc. (NYSE:OII) Receives $38.33 Average Target Price from Analysts

Shares of Oceaneering International, Inc. (NYSE:OII) have received a consensus rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $38.3333.

OII has been the topic of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a report on Friday, May 22nd. Citigroup lifted their price target on Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Wall Street Zen upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a research report on Saturday. TD Cowen increased their price objective on shares of Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Barclays raised their target price on shares of Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, May 8th.

Insider Buying and Selling

In other news, CEO Roderick A. Larson sold 5,000 shares of Oceaneering International stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $38.27, for a total transaction of $191,350.00. Following the completion of the sale, the chief executive officer directly owned 397,279 shares in the company, valued at $15,203,867.33. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Oceaneering International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley Institutional Investment Advisors LLC acquired a new position in shares of Oceaneering International in the 4th quarter valued at $94,847,000. Reinhart Partners LLC. acquired a new stake in shares of Oceaneering International during the 2nd quarter worth $66,795,000. Balyasny Asset Management L.P. increased its holdings in shares of Oceaneering International by 916.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,361,917 shares of the oil and gas company’s stock worth $28,219,000 after buying an additional 1,227,950 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Oceaneering International by 94.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 763,907 shares of the oil and gas company’s stock worth $18,930,000 after buying an additional 371,586 shares during the period. Finally, Tudor Investment Corp ET AL raised its position in shares of Oceaneering International by 210.8% in the 3rd quarter. Tudor Investment Corp ET AL now owns 491,928 shares of the oil and gas company’s stock worth $12,190,000 after buying an additional 333,666 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

More Oceaneering International News

Here are the key news stories impacting Oceaneering International this week:

• Positive Sentiment: Oceaneering reported Q2 revenue of $768.2 million, up 10% year over year and above estimates, while diluted EPS of $0.65 also beat expectations. Profitability improved as net income, gross profit, and operating profit all rose, and the company highlighted record EBITDA. Article Title
• Positive Sentiment: Management projected third-quarter 2026 consolidated revenue growth and EBITDA in the range of $115 million to $125 million, reinforcing expectations for continued momentum. Article Title
• Neutral Sentiment: Several follow-up articles highlighted the earnings call, record EBITDA, and “strong earnings momentum,” which may be supporting investor confidence but do not appear to add new fundamental information. Article Title
• Negative Sentiment: One post-earnings note argued that Oceaneering’s improved diversification may already be reflected in the stock, suggesting limited upside from here. Article Title

Oceaneering International Price Performance

OII stock opened at $52.98 on Wednesday. The firm has a 50 day moving average of $39.81 and a 200-day moving average of $36.00. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 15.22 and a beta of 1.15. The company has a current ratio of 2.18, a quick ratio of 1.79 and a debt-to-equity ratio of 0.42. Oceaneering International has a 12-month low of $20.79 and a 12-month high of $53.10.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The firm had revenue of $692.43 million during the quarter, compared to analyst estimates of $671.35 million. Oceaneering International had a return on equity of 18.40% and a net margin of 12.19%.The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. As a group, equities analysts expect that Oceaneering International will post 1.89 EPS for the current fiscal year.

Oceaneering International Company Profile

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.