Oceaneering International (OII) AI Stock Analysis

• Market Cap: $2.41B
• Dividend Yield: N/A
• Average Volume (3M): 820.86K
• Price to Earnings (P/E): 12.1
• Beta (1Y): 1.11
• Revenue Growth: 8.14%
• EPS Growth: N/A
• Country: US
• Employees: 10,400
• Sector: Energy
• Sector Strength: 45
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.49
• Shares Outstanding: 100,594,530
• 10 Day Avg. Volume: 832,613
• 30 Day Avg. Volume: 820,856
• PEG Ratio: 0.21
• Price to Book (P/B): 2.70
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 22.57
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 0.20
• Enterprise Value/Gross Profit: 3.29
• Enterprise Value/Ebitda: 0.92
• 1Y Price Target: $21.00
• Price Target Upside: -12.32% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 73 Outperform
• Price Target: $27.00 ▲(12.73%Upside)

Oceaneering International receives a strong score due to its robust financial performance and positive earnings call, highlighting significant revenue and income growth. The technical analysis points to a bullish trend, although overbought indicators suggest caution. Valuation metrics further support growth potential, despite no dividend yield. Overall, the stock is well-positioned for future growth amid market demand and strategic wins.

Oceaneering International Business Overview & Revenue Model

Company Description

Oceaneering International, Inc. (OII) is a global provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. The company operates in various sectors including subsea robotics, offshore oilfield services, and engineering and project management. Core products and services include remotely operated vehicles (ROVs), built-to-order specialty subsea hardware, and engineering services geared towards enhancing operational efficiency and safety in challenging underwater environments.

How the Company Makes Money

Oceaneering International generates revenue through a diverse range of products and services tailored for the offshore energy industry. The company's primary revenue streams include the leasing and operation of ROVs, subsea products and services, and asset integrity services. Key partnerships with major oil and gas companies facilitate long-term contracts and consistent demand for their specialized equipment and expertise. Additionally, Oceaneering has expanded its offerings to include technology solutions for renewable energy projects and advanced marine services, further diversifying its income sources. The company's ability to innovate and adapt to the evolving needs of the energy sector plays a significant role in sustaining its revenue model.

Oceaneering International Financial Statement Overview

Summary

Oceaneering International exhibits a solid financial performance overall, marked by strong revenue growth and improved profitability margins. The balance sheet indicates stability with moderate leverage and strong equity utilization. While cash flow remains stable, there is room for improvement in free cash flow growth. The company should continue to enhance its profitability and cash flow generation to maintain its financial health amidst industry fluctuations.

Income Statement

Oceaneering International shows robust growth in its income statement. The company achieved a remarkable revenue growth rate of 15.1% from 2022 to 2023 and 9.8% from 2023 to 2024, indicating a strong upward trajectory. Gross profit margin for TTM is 19.3%, and the net profit margin improved significantly to 6.7% for the TTM, reflecting enhanced profitability. EBIT and EBITDA margins also exhibit positive trends, with EBIT margin at 10.3% and EBITDA margin at 13.4% for the TTM. This demonstrates effective cost management and operational efficiency. However, the volatility in net income over the years suggests potential concerns in consistent profitability.

Balance Sheet

The balance sheet of Oceaneering International portrays a stable financial position with a debt-to-equity ratio of 0.9, indicating moderate leverage. The company has successfully maintained a healthy equity ratio of 34.2% for the TTM, highlighting financial stability. Return on Equity (ROE) stands at 23.4% for the TTM, reflecting effective use of equity to generate profits. The decrease in total debt from 2023 to 2025 suggests prudent debt management. Nonetheless, the company should be cautious of its liabilities, which remain significant relative to equity.

Cash Flow

The cash flow statement reflects a stable cash flow position. Operating cash flow to net income ratio for TTM is 1.1, indicating healthy cash generation relative to net income. Free cash flow to net income ratio is 0.5 for TTM, suggesting reasonable liquidity. However, free cash flow showed a decline from 2023 to 2024 but rebounded slightly in TTM. The company should focus on improving its free cash flow growth to ensure adequate liquidity for future investments and obligations.

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: 23.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 23.95 is above the 20-day moving average (MA) of 21.38, above the 50-day MA of 20.67, and above the 200-day MA of 22.97, indicating a neutral trend. The MACD of 0.45 indicates Negative momentum. The RSI at 59.96 is Neutral, neither overbought nor oversold. The STOCH value of 82.94 is Negative, 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	77 Outperform	$1.62B	20.69	7.22%	―	4.74%	-65.65%
TDW	76 Outperform	$2.56B	15.51	16.24%	―	19.34%	31.76%
LBRT	74 Outperform	$2.10B	8.78	10.92%	2.39%	-7.45%	-44.88%
OII	73 Outperform	$2.41B	12.08	27.08%	―	8.14%	―
RES	72 Outperform	$1.06B	20.23	4.92%	3.33%	-2.74%	-54.83%
Sector *	67 Neutral	$15.28B	9.73	6.25%	5.18%	4.49%	-71.88%
HLX	59 Neutral	$907.67M	18.52	3.27%	―	-8.19%	―

Oceaneering International Corporate Events

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.

The most recent analyst rating on (OII) stock is a Hold with a $24.00 price target. To see the full list of analyst forecasts on Oceaneering International stock, see the OII Stock Forecast page.

Oceaneering International Releases Investor Handout May 2025

Oceaneering International announced that an investor handout will be available on their website starting May 19, 2025, after market close. This move is part of their efforts to engage with institutional investors, potentially impacting their investor relations and market perception.

The most recent analyst rating on (OII) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on Oceaneering International stock, see the OII Stock Forecast page.

Oceaneering International Holds Annual Shareholders Meeting

On May 9, 2025, Oceaneering International held its annual shareholders meeting where several key resolutions were passed. The company elected three Class III directors for a term ending in 2028, approved executive compensation, ratified the appointment of Ernst & Young LLP as auditors for 2025, and approved an amended incentive plan. These decisions reflect Oceaneering’s ongoing governance and operational strategies, potentially impacting its market positioning and stakeholder relations.