Oceaneering International (NYSE:OII) Upgraded by Wall Street Zen to Buy Rating

Oceaneering International (NYSE:OII) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also issued reports on OII. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oceaneering International in a research note on Friday, May 22nd. Barclays increased their price objective on Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Citigroup lifted their target price on shares of Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Finally, TD Cowen upped their target price on shares of Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.33.

Oceaneering International Stock Performance

Shares of OII stock opened at $52.98 on Friday. 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. The business’s 50 day moving average is $39.81 and its two-hundred day moving average is $36.00. The company has a market capitalization of $5.28 billion, a P/E ratio of 15.22 and a beta of 1.15.

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

Insider Buying and Selling

In related news, CEO Roderick A. Larson sold 5,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 397,279 shares of the company’s stock, valued at approximately $15,203,867.33. This trade represents a 1.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Oceaneering International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Oceaneering International during the third quarter worth $28,000. EverSource Wealth Advisors LLC boosted its holdings in Oceaneering International by 335.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 1,111 shares during the period. Quarry LP acquired a new position in Oceaneering International during the 3rd quarter worth $30,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Oceaneering International during the 1st quarter worth $53,000. Finally, Hantz Financial Services Inc. increased its holdings in Oceaneering International by 248.8% during the 4th quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 1,627 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Key Stories Impacting Oceaneering International

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

About Oceaneering International

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.