A new trading day began on June 22, 2022, with Oceaneering International Inc. (NYSE: OII) stock priced at $9.69, down -7.26% from the previous day of trading. During the day, the shares moved up to $9.86 and dropped to $9.45 before settling in for the closing price of $10.19. OII’s price has ranged from $9.59 to $18.20 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Energy sector was -3.80%. Meanwhile, its annual earnings per share averaged 90.20%. With a float of $98.20 million, this company’s outstanding shares have now reached $99.96 million.
Considering the fact that the conglomerate employs 8500 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +14.13, operating margin of +2.13, and the pretax margin is -0.31.
Oceaneering International Inc. (OII) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Equipment & Services Industry. The insider ownership of Oceaneering International Inc. is 1.90%, while institutional ownership is 91.60%. The most recent insider transaction that took place on Dec 14, was worth 39,286. In this transaction Director of this company sold 3,500 shares at a rate of $11.22, taking the stock ownership to the 113,980 shares. Before that another transaction happened on Dec 08, when Company’s Director sold 12,429 for $12.50, making the entire transaction worth $155,367. This insider now owns 117,480 shares in total.
Oceaneering International Inc. (OII) Earnings and Forecasts
In its latest quarterly report, released on 3/30/2022, the company reported earnings of -$0.06 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -2.64 while generating a return on equity of -9.33. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 90.20% per share during the next fiscal year.
Oceaneering International Inc. (NYSE: OII) Trading Performance Indicators
Here are Oceaneering International Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.53. Likewise, its price to free cash flow for the trailing twelve months is 11.40.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.59, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 0.80 in one year’s time.
Technical Analysis of Oceaneering International Inc. (OII)
Compared to the last year’s volume of 1.0 million, its volume of 2.07 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 8.75%. Additionally, its Average True Range was 0.67.
During the past 100 days, Oceaneering International Inc.’s (OII) raw stochastic average was set at 0.00%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.86% in the past 14 days, which was lower than the 60.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.21, while its 200-day Moving Average is $13.27. Nevertheless, the first resistance level for the watch stands at $9.72 in the near term. At $10.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.13. If the price goes on to break the first support level at $9.31, it is likely to go to the next support level at $9.18. Should the price break the second support level, the third support level stands at $8.90.
Oceaneering International Inc. (NYSE: OII) Key Stats
With a market capitalization of 999.62 million, the company has a total of 100,254K Shares Outstanding. Currently, annual sales are 1,869 M while annual income is -49,310 K. The company’s previous quarter sales were 446,160 K while its latest quarter income was -19,210 K.