Decoding 5 Analyst Evaluations For Oceaneering International

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In the preceding three months, 5 analysts have released ratings for Oceaneering International OII, presenting a wide array of perspectives from bullish to bearish.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 0 2 1 0
Last 30D 0 0 0 1 0
1M Ago 2 0 0 0 0
2M Ago 0 0 0 0 0
3M Ago 0 0 2 0 0

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $27.0, along with a high estimate of $34.00 and a low estimate of $21.00. Surpassing the previous average price target of $22.67, the current average has increased by 19.1%.

Analyzing Analyst Ratings: A Detailed Breakdown

The standing of Oceaneering International among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
David Anderson Barclays Lowers Underweight $21.00 $22.00
Kurt Hallead Benchmark Maintains Buy $34.00 -
Kurt Hallead Benchmark Maintains Buy $34.00 -
Ian Macpherson Piper Sandler Raises Neutral $24.00 $23.00
David Anderson Barclays Lowers Equal-Weight $22.00 $23.00

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Oceaneering International. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Oceaneering International compared to the broader market.
  • Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Oceaneering International's market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on Oceaneering International analyst ratings.

All You Need to Know About Oceaneering International

Oceaneering International Inc is a global provider of engineered services and products robotic solutions to the offshore energy, defense, aerospace, manufacturing and entertainment industries. Most of Oceaneering's products are produced for the offshore oil and gas market. It had a 2020 segment realignment to promote synergies and cost efficiency. The five segments are subsea robotics; manufactured products; offshore projects group; integrity management and digital solutions; and aerospace and defense technologies. Within the segments are two businesses - services and products provided primarily to the oil and gas industry. The firm is also involved in the offshore renewables and mobility solutions industries.

Oceaneering International's Financial Performance

Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.

Revenue Growth: Oceaneering International displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 11.57%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.

Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 2.53%, the company may need to address challenges in effective cost control.

Return on Equity (ROE): Oceaneering International's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.42%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): Oceaneering International's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.68%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: Oceaneering International's debt-to-equity ratio surpasses industry norms, standing at 1.46. This suggests the company carries a substantial amount of debt, posing potential financial challenges.

Understanding the Relevance of Analyst Ratings

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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