Oceaneering International, Reaches 200-Day SMA of $20.52
December 30, 2023
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Oceaneering International ($NYSE:OII), Inc. (OII) has recently achieved a significant milestone by reaching a 200-day Simple Moving Average of $20.52. This achievement was reported by Knox Daily and solidifies Oceaneering International’s position as a respected provider of specialized services and products to the offshore oil and gas industry. Offering a wide range of services including subsea engineering and construction, remotely operated vehicles (ROV), diving and well intervention services as well as manufacturing and repairs, Oceaneering International is an essential player in the offshore energy industry.
Reaching a 200-day Simple Moving Average of $20.52 confirms Oceaneering International’s longstanding success and reliability as a provider in the offshore energy industry. With this achievement, the company reaffirms its position as a formidable organization that will continue to be a major contributor to the industry for many years to come.
Market Price
On Friday, Oceaneering International, Inc. stock opened at $21.7 and closed at $21.3, a decrease of 1.6% from the previous closing price of $21.6. This marked the 200-day simple moving average (SMA) of $20.52 for the company’s shares. Oceaneering is a global company that provides services to the oil and gas industry, such as underwater engineering, asset integrity and robotics and automation solutions. Despite the decrease in stock price, Oceaneering’s prospects remain positive in the long term, as demand for its services remains strong in the oil and gas industry. 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 |
| 2.31k | 76 | 3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Oceaneering International. More…
| Operations | Investing | Financing |
| 216.61 | -82.31 | -5.14 |
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 |
| 2.31k | 1.74k | 5.62 |
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 |
| 5.5% | -74.3% | 8.1% |
| FCF Margin | ROE | ROA |
| 5.4% | 21.1% | 5.1% |
Analysis
At GoodWhale, we analyze OCEANEERING INTERNATIONAL‘s fundamentals and based on our Star Chart, OCEANEERING INTERNATIONAL is classified as ‘cheetah’ – a company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. We think investors who seek higher returns with higher risk may find this company attractive. OCEANEERING INTERNATIONAL has a high health score of 8/10 with regard to its cashflows and debt, making it a company that is capable of sustaining future operations in times of crisis. In addition, the company is strong in asset, medium in growth, profitability and weak in dividend. Therefore, investors who are looking for a stable stock with higher potential of growth may want to take a closer look at OCEANEERING INTERNATIONAL. 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
Oceaneering International, Inc. (OII) is a publicly-traded corporation providing engineered services and products that relate to the offshore oil and gas industry. OII’s 200-day simple moving average (SMA) is currently at $20.52, indicating a bullish trend. Fundamental analysis of OII’s financials suggests that investors can benefit from long-term exposure to the stock. OII provides an attractive dividend yield, and its earnings-per-share have steadily increased over the last four quarters.
Furthermore, its balance sheet is highly liquid and has minimal long-term debt obligations. Overall, OII’s fundamentals are strong and make it an appealing investment for those looking for exposure to the oil and gas industry.
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