Oceaneering International (OII) has disclosed a new risk, in the Technology category.
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Oceaneering International’s Integrity Management & Digital Solutions (IMDS) segment faces a potential business risk despite recent improvements in operating results. The segment’s reliance on the oil and gas, power generation, and petrochemical industries exposes it to fluctuations in these markets, which could impact demand for its asset integrity management and digital solutions. Additionally, the absence of the one-time, non-cash charge from the previous year may not be a sustainable factor for future growth. As the company continues to navigate these industry-specific challenges, maintaining consistent revenue and managing operational costs will be crucial to mitigating this risk.
The average OII stock price target is $23.50, implying -0.38% downside potential.
To learn more about Oceaneering International’s risk factors, click here.