Oceaneering International (NYSE:OII) Shares Up 7.4% – Time to Buy?

Shares of Oceaneering International, Inc. (NYSE:OII) rose 7.4% during trading on Friday . The company traded as high as $51.00 and last traded at $51.5530. Approximately 1,618,261 shares changed hands during trading, an increase of 37% from the average daily volume of 1,181,438 shares. The stock had previously closed at $48.02.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OII. TD Cowen increased their price objective on shares of Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. 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 report on Thursday, June 18th. Barclays upped their price target on shares of Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.33.

Oceaneering International Trading Up 10.3%

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.79 and a current ratio of 2.18. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 15.22 and a beta of 1.15. The business has a fifty day simple moving average of $39.81 and a 200 day simple moving average of $36.00.

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 analysts’ consensus estimates of $0.35 by ($0.05). The firm had revenue of $692.43 million for the quarter, compared to analyst estimates of $671.35 million. Oceaneering International had a return on equity of 18.40% and a net margin of 12.19%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 EPS. As a group, research analysts expect that Oceaneering International, Inc. will post 1.89 EPS for the current year.

Insider Buying and Selling

In other Oceaneering International news, CEO Roderick A. Larson sold 5,000 shares of Oceaneering International stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $38.27, for a total value of $191,350.00. Following the completion of the sale, the chief executive officer owned 397,279 shares in the company, valued at $15,203,867.33. The trade was a 1.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OII. Wilmington Savings Fund Society FSB acquired a new stake in shares of Oceaneering International in the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 buying an additional 1,111 shares during the period. Quarry LP acquired a new stake in Oceaneering International during the third quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Oceaneering International during the first quarter worth approximately $53,000. Finally, Hantz Financial Services Inc. increased its stake 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 acquiring an additional 1,627 shares during the period. 93.93% of the stock is owned by institutional investors.

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.