Oceaneering International (NYSE:OII) Hits New 12-Month High – Time to Buy?

Oceaneering International, Inc. (NYSE:OII)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $38.98 and last traded at $38.8520, with a volume of 1977032 shares. The stock had previously closed at $37.22.

More Oceaneering International News

Here are the key news stories impacting Oceaneering International this week:

• Positive Sentiment: Analyst upgrade pushed short-term optimism — OII briefly traded up after an analyst upgrade that cited stronger outlook/valuation support. Oceaneering International (NYSE:OII) Trading Up 6.5% Following Analyst Upgrade
• Positive Sentiment: Barclays published a bullish forecast calling for significant price appreciation, giving longer-term fundamental support for the shares. Barclays Forecasts Strong Price Appreciation for Oceaneering International (NYSE:OII) Stock
• Neutral Sentiment: Market-note: coverage highlighted OII reaching a 52‑week high, reflecting strength in the NYSE composite — a positive momentum signal but not a direct company event. Oceaneering International (NYSE:OII) 52-Week High Reflects Strength In NYSE Composite
• Negative Sentiment: Large insider selling by the COO — Benjamin Laura sold ~38,282 shares across Feb. 25–26 (reducing his stake ~42%), a sizeable disposal that can signal liquidity-taking or raise governance/conviction concerns. Benjamin Laura Form 4 (SEC)
• Negative Sentiment: Multiple senior VPs executed meaningful sales — Earl Childress (~22,518 shares), Holly Kriendler (~24,805 shares across two days), Jennifer Fremont Simons (~10,284), and Christopher Dyer (~6,000) — many cuts reduced individual positions by ~20–39%, adding to downward pressure on sentiment. Earl Childress Form 4 (SEC) — representative
• Negative Sentiment: Director sale: Karen H. Beachy sold 9,800 shares (~30% reduction in her position), another governance/conviction signal that investors interpret negatively. Karen H. Beachy Form 4 (SEC)

Wall Street Analysts Forecast Growth

OII has been the subject of a number of analyst reports. Wall Street Zen raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Weiss Ratings upgraded shares of Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. TD Cowen lifted their price objective on shares of Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Monday, November 3rd. Barclays upped their target price on shares of Oceaneering International from $23.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.00.

Oceaneering International Price Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.68. The company’s 50-day moving average price is $29.31 and its 200-day moving average price is $25.89. The company has a market cap of $3.74 billion, a P/E ratio of 10.75 and a beta of 1.26.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, February 18th. The oil and gas company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $668.57 million during the quarter, compared to analyst estimates of $678.16 million. Oceaneering International had a net margin of 12.71% and a return on equity of 21.58%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 EPS. As a group, sell-side analysts predict that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Oceaneering International

In other Oceaneering International news, COO Benjamin Laura sold 33,176 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $37.51, for a total transaction of $1,244,431.76. Following the completion of the transaction, the chief operating officer owned 45,911 shares of the company’s stock, valued at $1,722,121.61. This represents a 41.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jennifer Fremont Simons sold 29,155 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $26.35, for a total transaction of $768,234.25. Following the transaction, the senior vice president directly owned 52,344 shares of the company’s stock, valued at $1,379,264.40. This represents a 35.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 140,844 shares of company stock valued at $4,972,594 in the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Lido Advisors LLC increased its stake in Oceaneering International by 2.8% in the 4th quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock valued at $299,000 after buying an additional 335 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Oceaneering International by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 54,458 shares of the oil and gas company’s stock worth $1,307,000 after buying an additional 380 shares during the last quarter. CSM Advisors LLC grew its holdings in shares of Oceaneering International by 3.1% in the 3rd quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock valued at $359,000 after acquiring an additional 428 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Oceaneering International by 15.7% in the third quarter. Smartleaf Asset Management LLC now owns 3,464 shares of the oil and gas company’s stock valued at $87,000 after acquiring an additional 469 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Oceaneering International by 2.9% in the fourth quarter. NewEdge Advisors LLC now owns 19,560 shares of the oil and gas company’s stock valued at $470,000 after acquiring an additional 545 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

About Oceaneering International

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.