Oceaneering International, Inc. (NYSE: OII) on Tuesday, plunged -2.77% from the previous trading day, before settling in for the closing price of $26.37. Within the past 52 weeks, OII’s price has moved between $18.67 and $30.45.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 5.33%. The company achieved an average annual earnings per share of 64.52%. With a float of $99.54 million, this company’s outstanding shares have now reached $100.80 million.
Considering the fact that the conglomerate employs 10100 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 16.93%, operating margin of 7.91%, and the pretax margin is 7.33%.
Oceaneering International, Inc. (OII) Insider Activity
Observing investor behavior towards Oil & Gas Equipment & Services industry stocks is more important than anything else. The insider ownership of Oceaneering International, Inc. is 1.91%, while institutional ownership is 98.85%. The most recent insider transaction that took place on Sep 10 ’24, was worth 75,702. In this transaction Director of this company sold 3,300 shares at a rate of $22.94, taking the stock ownership to the 28,229 shares. Before that another transaction happened on Sep 10 ’24, when Company’s Director proposed sale 3,300 for $22.94, making the entire transaction worth $75,702.
Oceaneering International, Inc. (OII) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.38 earnings per share (EPS) for the period topping the consensus outlook (set at 0.32) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.44 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 64.52% 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 1.42 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 27.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.22, a number that is poised to hit 0.42 in the next quarter and is forecasted to reach 1.78 in one year’s time.
Technical Analysis of Oceaneering International, Inc. (OII)
Compared to the last year’s volume of 0.83 million, its volume of 0.6 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 75.57%. Additionally, its Average True Range was 0.93.
During the past 100 days, Oceaneering International, Inc.’s (OII) raw stochastic average was set at 50.41%, which indicates a significant decrease from 56.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.15% in the past 14 days, which was lower than the 46.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.79, while its 200-day Moving Average is $23.36. Nevertheless, the first resistance level for the watch stands at $26.06 in the near term. At $26.47, the stock is likely to face the second major resistance level. The third major resistance level sits at $26.84. If the price goes on to break the first support level at $25.28, it is likely to go to the next support level at $24.91. Should the price break the second support level, the third support level stands at $24.50.
Oceaneering International, Inc. (NYSE: OII) Key Stats
Market capitalization of the company is 2.60 billion based on 101,389K outstanding shares. Right now, sales total 2,425 M and income totals 97,400 K. The company made 668,810 K in profit during its latest quarter, and 35,000 K in sales during its previous quarter.
