Oceaneering International, Inc. (NYSE: OII) on Tuesday, plunged -2.15% from the previous trading day ,before settling in for the closing price of $25.06. Within the past 52 weeks, OII’s price has moved between $14.99 and $27.46.
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A company in the Energy sector has jumped its sales by 5.33% annually for the last half of the decade. The company achieved an average annual earnings per share of 64.87%. With a float of $98.67 million, this company’s outstanding shares have now reached $100.80 million.
In an organization with 10100 employees, it is important to assess its efficiency.
Oceaneering International, Inc. (OII) Insider Updates
Observing investor behavior towards Oil & Gas Equipment & Services industry stocks is more important than anything else. The insider ownership of Oceaneering International, Inc. is 2.13%, while institutional ownership is 94.32%. The most recent insider transaction that took place on Mar 07 ’24, was worth 155,800. In this transaction Director of this company sold 7,600 shares at a rate of $20.50, taking the stock ownership to the 22,786 shares. Before that another transaction happened on Sep 28 ’23, when Company’s SVP, Mfd. Prods. sold 2,122 for $26.85, making the entire transaction worth $56,984. This insider now owns 51,429 shares in total.
Oceaneering International, Inc. (OII) Performance Highlights and Predictions
As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.19 earnings per share (EPS) for the period falling under the consensus outlook (set at $0.24) by -$0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.33 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 64.87% per share during the next fiscal year.
Oceaneering International, Inc. (NYSE: OII) Trading Performance Indicators
Oceaneering International, Inc. (OII) is currently performing well based on its current performance indicators. A quick ratio of 1.50 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.02. Likewise, its price to free cash flow for the trailing twelve months is 26.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.95, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 1.74 in one year’s time.
Technical Analysis of Oceaneering International, Inc. (OII)
Let’s dig in a bit further. During the last 5-days, its volume was 1.08 million. That was better than the volume of 0.81 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 73.97%. Additionally, its Average True Range was 0.72.
During the past 100 days, Oceaneering International, Inc.’s (OII) raw stochastic average was set at 83.70%, which indicates a significant increase from 70.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.24% in the past 14 days, which was lower than the 35.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.79, while its 200-day Moving Average is $21.98. However, in the short run, Oceaneering International, Inc.’s stock first resistance to watch stands at $25.01. Second resistance stands at $25.50. The third major resistance level sits at $25.77. If the price goes on to break the first support level at $24.25, it is likely to go to the next support level at $23.98. Assuming the price breaks the second support level, the third support level stands at $23.49.
Oceaneering International, Inc. (NYSE: OII) Key Stats
Market capitalization of the company is 2.47 billion based on 101,387K outstanding shares. Right now, sales total 2,425 M and income totals 97,400 K. The company made 654,630 K in profit during its latest quarter, and 44,530 K in sales during its previous quarter.
