Oceaneering International (NYSE:OII) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

Oceaneering International (NYSE:OII – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

OII has been the subject of several other reports. TD Cowen boosted their target price on Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. Citigroup lifted their price objective on Oceaneering International from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. Finally, Barclays boosted their price objective on Oceaneering International from $32.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $38.33.

Get Our Latest Stock Analysis on OII

Oceaneering International Stock Up 0.5%

Oceaneering International stock opened at $52.98 on Friday. The firm has a market capitalization of $5.28 billion, a P/E ratio of 15.22 and a beta of 1.15. The company has a current ratio of 2.18, a quick ratio of 1.90 and a debt-to-equity ratio of 0.42. Oceaneering International has a twelve month low of $20.79 and a twelve month high of $53.10. The stock’s fifty day simple moving average is $39.81 and its 200-day simple moving average is $36.07.

Insider Buying and Selling

In related news, CEO Roderick A. Larson sold 5,000 shares of the business’s stock in a transaction on 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 directly owned 397,279 shares of the company’s stock, valued at $15,203,867.33. The trade was a 1.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oceaneering International

Several institutional investors have recently added to or reduced their stakes in OII. Wilmington Savings Fund Society FSB purchased a new position in Oceaneering International during the third quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its holdings in Oceaneering International by 335.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 1,111 shares in the last quarter. Quarry LP purchased a new stake in Oceaneering International in the 3rd quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Oceaneering International during the 1st quarter worth approximately $53,000. Finally, Hantz Financial Services Inc. increased its position 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 purchasing an additional 1,627 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

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

About Oceaneering International

(Get Free Report)

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.

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