Insider Sells Oceaneering International Shares in 2023.
March 31, 2023
Trending News ☀️
In 2023, it was reported that insiders of Oceaneering International ($NYSE:OII), a global provider of engineered services and products, primarily to the offshore oil and gas industry, were selling their shares. According to the United States Securities and Exchange Commission (SEC), a number of executives and board members of Oceaneering International have filed forms to report their sales of the company’s stock. Other directors and executives of the company have been noted to have also been selling their shares. The move by Oceaneering International’s insiders to sell their shares has raised some questions from investors.
Many analysts have speculated whether or not there may be a lack of confidence in the company’s future growth prospects or any other financial issues that could have prompted the sale of shares. Despite this speculation, the company has not yet released any statements regarding its potential reasons for the insider sales.
Market Price
On Wednesday, Oceaneering International (OCEANEERING) stocks opened at $17.8 and closed at $17.5, up by 0.3% from last closing price of 17.5. The media exposure so far has been mostly positive, however, there were reports that an insider party sold a large number of shares on the same day. Although the share prices remained relatively stable, investors may be concerned about the sudden decrease in the number of shares held by an insider at such time. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Oceaneering International. More…
| Total Revenues | Net Income | Net Margin |
| 2.07k | 25.94 | 1.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Oceaneering International. More…
| Operations | Investing | Financing |
| 120.88 | -76.86 | -1.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Oceaneering International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.03k | 1.51k | 5.18 |
Key Ratios Snapshot
Some of the financial key ratios for Oceaneering International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.3% | -74.3% | 5.7% |
| FCF Margin | ROE | ROA |
| 1.9% | 14.8% | 3.6% |
Analysis
At GoodWhale, we strive to give our customers the best financial analysis of publicly listed companies. One of our most recent studies has been focused on OCEANEERING INTERNATIONAL and the results are in! Using our proprietary Risk Rating system, we have graded OCEANEERING INTERNATIONAL as a medium risk investment. This means that, while there are some financial and business risks associated with investing in the company, you can still expect some potential returns. In addition to our Risk Rating, we have also detected two risk warnings in the income sheet and balance sheet of the company. To get more detailed insights into this company, please register on our platform at goodwhale.com. You can access all the data and analysis we have collected, as well as any updates that may be added in the future. More…
Peers
Oceaneering International, Inc. is one of the world’s largest providers of engineered services and products to the offshore oil and gas industry, with a focus on deepwater applications. The company has a significant competitive advantage in its unique ability to operate in extremely deepwater environments. Deep Down, Inc. is a leading provider of subsea intervention, installation, and abandonment services to the oil and gas industry. The company has a strong track record of delivering complex projects safely and on time. Dolfines is a leading provider of remotely operated vehicles (ROVs) and related services to the oil and gas industry. The company has a broad range of ROVs and related services that are used in a variety of applications, including deepwater drilling and production. Bumi Armada Bhd is a leading provider of floating production, storage, and offloading (FPSO) vessels and related services to the oil and gas industry. The company has a strong track record of delivering projects on time and on budget.
– Deep Down Inc ($OTCPK:DPDW)
The company’s market capitalization is 7.25 million as of 2022. The company’s return on equity is -2.83%. The company is engaged in the development of oil and gas projects.
– Dolfines ($BER:JPZ0)
Bumi Armada is a Malaysia-based international offshore oilfield services provider. The Company is engaged in the charter, operation and maintenance of floating production, storage and offloading (FPSO) vessels, Floating LNG (FLNG) vessels, Tension Leg Platforms (TLPs), FPSO topsides, FSOs, LNG regasification units, LNG carriers, LNG/CNG carriers, other LNG related floating units, process platforms, mini-refineries, riser platforms and living quarters platforms.
Summary
Investing in Oceaneering International can be a lucrative opportunity for investors in 2023, as recent insider selling activity has been seen. With mostly positive media coverage, Oceaneering International has the potential for continued growth and profitability. Investors should consider factors such as the company’s financial performance, industry trends, competitors, and management team when making their decision.
Careful analysis of these factors can help investors decide if they should invest in Oceaneering International or not. Investors should also be aware of the potential risks associated with investing in the company and make sure they are comfortable with their level of risk tolerance before investing.
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