Pennsylvania Public School Employees Increase Investment in Oceaneering International by 17.5%
June 17, 2023
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The Commonwealth of Pennsylvania Public School Employees Retirement System recently announced an increase of 17.5% in their investment in Oceaneering International ($NYSE:OII), Inc. stock. Oceaneering International is a leading global provider of engineered services and products, primarily to the offshore oil and gas industry. This latest investment in Oceaneering International is just one example of the sound financial decisions that the Commonwealth of Pennsylvania Public School Employees Retirement System has made over the years. The company has a strong market presence, offering an impressive portfolio of services and products to its customers.
Furthermore, Oceaneering International has consistently grown its revenue and profits over the last few years. With a strong track record in providing quality services and products, Oceaneering International has been able to establish itself as a leader in the offshore oil and gas industry. A successful investment will result in long-term returns for the retirement system.
Analysis
At GoodWhale, we recently conducted an analysis of OCEANEERING INTERNATIONAL’s wellbeing. After carefully evaluating the company’s financial and business position, we concluded that OCEANEERING INTERNATIONAL is a medium risk investment. We detected two risk warnings in the income and balance sheets of OCEANEERING INTERNATIONAL. These warnings are a result of changes in their financial situation, and it’s important to take these warnings into account when considering an investment in the company. If you’d like to find out more information about OCEANEERING INTERNATIONAL’s financial and business performance, register with us and check it out. We’re confident that our analysis can help you make informed decisions about investing in this particular company. More…
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 |
| 2.16k | 49.21 | 2.3% |
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 |
| 2.04k | 1.52k | 5.16 |
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 |
| 1.0% | -74.3% | 6.9% |
| FCF Margin | ROE | ROA |
| 1.8% | 17.9% | 4.6% |
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. is a global provider of engineered services and products, primarily to the offshore oil and gas industry. Its core services include remotely operated vehicle services, deepwater intervention, engineering and design services, and specialty product manufacturing. The 17.5% stake increase will likely contribute to the already-healthy balance sheet of Oceaneering.
Looking ahead, Oceaneering International is positioned to continue to benefit from long-term industry trends, such as an expected increase in deepwater drilling activity. With its stable financials and leading market position, investors should be confident in the company’s future prospects.
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