Oceaneering International (NYSE:OII) Reaches New 52-Week High – Should You Buy?

Oceaneering International, Inc. (NYSE:OII) shares reached a new 52-week high on Tuesday . The company traded as high as $44.46 and last traded at $44.41, with a volume of 176496 shares traded. The stock had previously closed at $42.82.

Trending Headlines about 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 Wall Street estimates, signaling healthy demand across its business. Oceaneering Reports Second Quarter 2026 Results
• Positive Sentiment: Diluted EPS came in at $0.65, well ahead of the $0.46 consensus estimate, while net income rose 16.8% to $63.6 million, reinforcing the earnings beat. Oceaneering reports bullish Q2 CY2026
• Positive Sentiment: Management also appears to have improved profitability, with gross profit and operating profit both increasing, which suggests stronger margins rather than just top-line growth. Oceaneering International (OII) Stock Rises on Q2 2026 Earnings
• Neutral Sentiment: Cash and cash equivalents increased to $607.5 million, giving the company a solid liquidity position, while debt levels remained manageable overall. Oceaneering International (OII) Stock Rises on Q2 2026 Earnings
• Neutral Sentiment: Analyst sentiment remains cautious overall, with a consensus rating of “Hold” and recent price targets clustered below the current share price. Oceaneering International, Inc. Receives Consensus Rating of Hold from Analysts
• Negative Sentiment: Recent insider trading has skewed toward sales rather than purchases, which may temper some of the optimism around the earnings beat. Oceaneering International (OII) Stock Rises on Q2 2026 Earnings

Analysts Set New Price Targets

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

Oceaneering International Trading Up 0.8%

The company has a quick ratio of 1.79, a current ratio of 2.08 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average is $39.32 and its 200-day moving average is $35.72. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 13.35 and a beta of 1.15.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share for the quarter, missing the consensus estimate 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 net margin of 12.12% and a return on equity of 18.35%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Research analysts anticipate that Oceaneering International, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Activity at Oceaneering International

In related news, CEO Roderick A. Larson sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $38.27, for a total value of $191,350.00. Following the transaction, the chief executive officer directly owned 397,279 shares in the company, valued at approximately $15,203,867.33. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Oceaneering International

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

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.