OII Stock Summary and Trading Ideas (Oceaneering International | NYSE:OII)

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 trades on the NYSE stock market under the symbol OII.

As of April 19, 2024, OII stock price climbed to $22.60 with 826,519 million shares trading.

OII has a beta of 0.58, meaning it tends to be less sensitive to market movements. OII has a correlation of 0.03 to the broad based SPY ETF.

OII has a market cap of $2.28 billion. This is considered a Mid Cap stock.

Last quarter Oceaneering International reported $655 million in Revenue and $.19 earnings per share. This beat revenue expectation by $27 million and missed earnings estimates by -$.05.

In the last 3 years, OII stock traded as high as $27.46 and as low as $7.25.

The top ETF exchange traded funds that OII belongs to (by Net Assets): IJR, VTI, VB, IWM, OIH.

OII has outperformed the market in the last year with a return of +24.2%, while the SPY ETF gained +21.2%. In the last 3 month period, OII beat the market returning +12.8%, while SPY returned +4.3%. However, in the most recent 2 weeks OII has underperformed the stock market by returning -9.6%, while SPY returned -3.5%.

OII support price is $21.80 and resistance is $22.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OII stock will trade within this expected range on the day.