Oceaneering International (OII) AI Stock Analysis

• Market Cap: $2.57B
• Dividend Yield: N/A
• Average Volume (3M): 625.47K
• Price to Earnings (P/E): 12.9
• Beta (1Y): 1.13
• Revenue Growth: 8.14%
• EPS Growth: 62.72%
• Country: US
• Employees: 10,400
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.49
• Shares Outstanding: 100,207,596
• 10 Day Avg. Volume: 703,187
• 30 Day Avg. Volume: 625,466
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.96
• Enterprise Value/Revenue: 0.89
• Enterprise Value/Gross Profit: 4.44
• Enterprise Value/Ebitda: 5.84
• 1Y Price Target: $23.50
• Price Target Upside: -8.42% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 79 Outperform
• Price Target: $28.00 ▲(9.12% Upside)

Oceaneering International's stock is well-positioned with strong financial performance and positive technical indicators. The company's ability to exceed earnings guidance and maintain growth across key segments further supports a positive outlook. While valuation is fair, the lack of a dividend yield is a minor downside. Overall, the stock presents a solid investment opportunity with a focus on continued operational efficiency and strategic growth.

Oceaneering International Business Overview & Revenue Model

Company Description

Oceaneering International, Inc. provides engineered services, products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. The company's Subsea Robotics segment provides remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair. This segment also offers ROV tooling, and survey services, such as hydrographic survey and positioning services, as well as autonomous underwater vehicles for geoscience. As of December 31, 2021, this segment owned 250 work-class ROVs. Its Manufactured Products segment provides distribution and connection systems, including production control umbilicals and field development hardware, pipeline connection, and repair systems to the energy industry; and autonomous mobile robots and automated guided vehicle technology and entertainment systems to various industries. The company's Offshore Projects Group segment offers subsea installation and intervention, including riserless light well intervention services and inspection, and maintenance and repair services; installation and workover control systems, and ROV workover control systems; project management and engineering; and drill pipe riser services and systems, and wellhead load relief solutions. Its Integrity Management & Digital Solutions segment provides asset integrity management; software and analytical solutions for the bulk cargo maritime industry; and software, digital, and connectivity solutions for the energy industry. The company's Aerospace and Defense Technologies segment offers government services and products, including engineering and related manufacturing in defense and space exploration activities to U.S. government agencies and their prime contractors. Oceaneering International, Inc. was founded in 1964 and is headquartered in Houston, Texas.

How the Company Makes Money

Oceaneering generates revenue through multiple streams, primarily by providing subsea services and products to the oil and gas industry. Key revenue streams include the rental and operation of ROVs, subsea tooling, and inspection services. The company also earns money from its engineering and project management services, which help clients design and implement complex offshore projects. Significant partnerships with major oil and gas companies and a focus on innovation in robotics and technology enhance Oceaneering's competitive edge, contributing to its earnings by securing long-term contracts and expanding its service offerings in emerging markets.

Oceaneering International Financial Statement Overview

Summary

Oceaneering International is showing strong financial performance, with significant improvements in revenue, profitability, and cash flow management. However, reliance on liabilities and modest EBIT margin volatility suggest areas for improvement.

Income Statement

Oceaneering International has demonstrated solid revenue growth, with a significant increase in total revenue from previous years, indicating a strong recovery and expansion. The gross profit margin and net profit margin are both improving, reflecting better cost management and profitability. However, EBIT margins show some volatility, and the EBITDA margin, while improving, still suggests room for efficiency enhancements.

Balance Sheet

The company has a moderate debt-to-equity ratio, indicating a balanced approach to leveraging. The return on equity is improving, showcasing better utilization of shareholders' investments. However, the equity ratio suggests that a significant portion of the company's assets is financed through liabilities, which could pose risks if not managed carefully.

Cash Flow

Oceaneering International shows strong cash flow management, with positive growth in free cash flow indicating robust operational efficiency. The operating cash flow to net income ratio is healthy, indicating good cash generation relative to reported earnings. The company's ability to generate free cash flow relative to net income is a positive indicator of financial health and sustainability.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.66B	2.42B	2.07B	1.87B	1.83B
Gross Profit	485.49M	398.97M	307.38M	264.06M	163.94M
EBITDA	366.28M	302.54M	231.83M	179.52M	-269.98M
Net Income	147.47M	97.40M	25.94M	-49.31M	-496.75M
Balance Sheet
Total Assets	2.34B	2.24B	2.03B	1.96B	2.05B
Cash, Cash Equivalents and Short-Term Investments	504.52M	461.57M	575.11M	544.53M	462.19M
Total Debt	851.75M	848.66M	872.39M	879.35M	980.12M
Total Liabilities	1.62B	1.60B	1.51B	1.45B	1.49B
Stockholders Equity	714.26M	628.02M	519.74M	504.96M	552.09M
Cash Flow
Free Cash Flow	96.08M	109.23M	39.84M	175.12M	75.96M
Operating Cash Flow	203.21M	209.96M	120.88M	225.31M	136.65M
Investing Cash Flow	-124.17M	-86.35M	-76.86M	-34.16M	-52.59M
Financing Cash Flow	-27.04M	-227.30M	-1.86M	-101.68M	-1.70M

Oceaneering International Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 25.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OII, the sentiment is Positive. The current price of 25.66 is above the 20-day moving average (MA) of 24.51, above the 50-day MA of 23.27, and above the 200-day MA of 22.23, indicating a bullish trend. The MACD of 0.57 indicates Negative momentum. The RSI at 66.68 is Neutral, neither overbought nor oversold. The STOCH value of 63.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OII.

Oceaneering International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DNOW	79 Outperform	1.66B	20.16	7.18%	―	2.78%	-63.09%
OII	79 Outperform	$2.57B	12.94	27.08%	―	8.14%	62.72%
TDW	78 Outperform	2.85B	14.93	17.45%	―	7.76%	26.49%
RES	69 Neutral	1.07B	19.25	4.93%	3.29%	-2.74%	-54.52%
HLX	68 Neutral	1.02B	21.52	3.19%	―	-8.19%	―
LBRT	67 Neutral	2.06B	9.50	10.65%	2.51%	-9.32%	-48.26%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Oceaneering International Corporate Events

Oceaneering International Releases Investor Handout August 2025

Oceaneering International announced that an investor handout will be available on their website for institutional investors starting August 4, 2025, after market close. This move aims to provide stakeholders with accessible information, potentially impacting investor relations and market engagement.

Oceaneering International Announces CFO Succession Plan

Oceaneering International announced a CFO succession plan with Alan R. Curtis retiring as CFO effective January 1, 2026, after a long tenure with the company. Michael W. Sumruld will join as Senior Vice President of Finance in September 2025 and is expected to succeed Curtis, ensuring a smooth transition and continued focus on growth and shareholder value.