Oceaneering Intl downgraded by Citigroup with a new price target
$OII
Oilfield Services/Equipment
Energy
Citigroup downgraded Oceaneering Intl from Buy to Neutral and set a new price target of $30.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/3/2025 | $25.00 → $27.00 | Hold | TD Cowen |
| 4/2/2025 | Underperform → Neutral | Pickering Energy Partners | |
| 1/10/2025 | $30.00 | Buy → Neutral | Citigroup |
| 12/18/2024 | $22.00 → $26.00 | Underweight → Equal Weight | Barclays |
| 1/19/2023 | $25.00 | Buy | The Benchmark Company |
| 10/6/2022 | $15.00 → $10.00 | Overweight → Equal Weight | Barclays |
| 3/7/2022 | $21.00 → $22.50 | Overweight | Piper Sandler |
| 2/1/2022 | $17.00 → $21.00 | Neutral → Overweight | Piper Sandler |
Oceaneering International, Inc. (NYSE:OII) ("Oceaneering") today announced that Michael W. Sumruld will be appointed Senior Vice President and Chief Financial Officer effective January 1, 2026. He succeeds Alan R. Curtis, who will retire from his role on the same date. Mr. Curtis will continue to assist in an advisory capacity to ensure a smooth transition. Rod Larson, Oceaneering's President and Chief Executive Officer, said, "Alan's expertise and dedication have shaped Oceaneering's financial foundation. We are thankful for his leadership over the years. Mike has already integrated with our leadership team and is actively engaged with our operations to ensure a seamless transition and t
Oceaneering International, Inc. (NYSE:OII) ("Oceaneering") today announced that Mr. Roger Jenkins has been elected to its Board of Directors as an independent, non-executive director in Class III, effective January 1, 2026. His initial term will extend until Oceaneering's Annual Meeting of Shareholders in 2028. Mr. Jenkins has extensive governance experience in the energy and financial sectors. Most recently, Mr. Jenkins served as President and Chief Executive Officer of Murphy Oil Corporation ("Murphy") from 2013 until his retirement in 2024. Prior to joining Murphy in 2001, Mr. Jenkins spent 17 years with Texaco Inc. (now part of Chevron Corporation) from 1984 to 2001, serving in variou
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that President and Chief Executive Officer, Rod Larson and other members of management will host meetings with institutional investors at the Goldman Sachs Global Energy, CleanTech & Utilities Conference in Miami, FL on Tuesday, January 6, 2026. Oceaneering's most recent presentations are available on the Investor Relations page of Oceaneering's website at www.oceaneering.com. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. For more information, please visit www.oceaneering.com. Vi
3 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
3 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
TD Cowen reiterated coverage of Oceaneering Intl with a rating of Hold and set a new price target of $27.00 from $25.00 previously
Pickering Energy Partners upgraded Oceaneering Intl from Underperform to Neutral
Citigroup downgraded Oceaneering Intl from Buy to Neutral and set a new price target of $30.00
8-K - OCEANEERING INTERNATIONAL INC (0000073756) (Filer)
8-K - OCEANEERING INTERNATIONAL INC (0000073756) (Filer)
8-K - OCEANEERING INTERNATIONAL INC (0000073756) (Filer)
SC 13G/A - OCEANEERING INTERNATIONAL INC (0000073756) (Subject)
SC 13G/A - OCEANEERING INTERNATIONAL INC (0000073756) (Subject)
SC 13G/A - OCEANEERING INTERNATIONAL INC (0000073756) (Subject)
Oceaneering International, Inc. (NYSE:OII) ("Oceaneering") today announced that Michael W. Sumruld will be appointed Senior Vice President and Chief Financial Officer effective January 1, 2026. He succeeds Alan R. Curtis, who will retire from his role on the same date. Mr. Curtis will continue to assist in an advisory capacity to ensure a smooth transition. Rod Larson, Oceaneering's President and Chief Executive Officer, said, "Alan's expertise and dedication have shaped Oceaneering's financial foundation. We are thankful for his leadership over the years. Mike has already integrated with our leadership team and is actively engaged with our operations to ensure a seamless transition and t
Oceaneering International, Inc. (NYSE:OII) ("Oceaneering") today announced that Mr. Roger Jenkins has been elected to its Board of Directors as an independent, non-executive director in Class III, effective January 1, 2026. His initial term will extend until Oceaneering's Annual Meeting of Shareholders in 2028. Mr. Jenkins has extensive governance experience in the energy and financial sectors. Most recently, Mr. Jenkins served as President and Chief Executive Officer of Murphy Oil Corporation ("Murphy") from 2013 until his retirement in 2024. Prior to joining Murphy in 2001, Mr. Jenkins spent 17 years with Texaco Inc. (now part of Chevron Corporation) from 1984 to 2001, serving in variou
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced the appointment of William Merz to succeed Philip Beierl as Senior Vice President, Aerospace and Defense Technologies ("ADTech"), effective January 1, 2025. In his new role, Mr. Merz will have global responsibility for Oceaneering's ADTech business segment. Mr. Merz joined Oceaneering in January 2024 as Vice President of Operations, Aerospace and Defense Technologies. Prior to joining Oceaneering, Mr. Merz had a distinguished career in the U.S. Navy that included command of the U.S. Seventh Fleet and senior financial, requirements, and operations positions at the Pentagon. Mr. Merz currently serves on the Center for Nava
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported third quarter 2025 results. As compared to the third quarter of 2024: Revenue increased 9% to $743 million; Operating income increased 21% to $86.5 million; Net income increased 73% to $71.3 million; and Adjusted EBITDA increased 13% to $111 million. Cash flow provided by operating activities was $101 million and free cash flow was $77.0 million, with an ending cash position of $506 million. Shares repurchased were 440,814 for approximately $10.1 million. Rod Larson, Oceaneering's President and Chief Executive Officer, stated, "Our team continues to deliver positive results in a dynamic marke
Oceaneering International, Inc. ("Oceaneering") (NYSE: OII) announces that it will report financial results for the third quarter of 2025 on Wednesday, October 22, 2025, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering's website at oceaneering.com. Oceaneering has also scheduled a conference call and webcast related to its third quarter results for Thursday, October 23, 2025, at 10:00 a.m. Central Time. Interested parties may listen to the call through a webcast link posted in the Investor Relations section of Oceaneering's website. A replay of the conference call will be made available on the website approximately two hours
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported second quarter 2025 results. As compared to the second quarter of 2024: Revenue increased 4% to $698 million; Operating income increased 31% to $79.2 million; Net income increased 56% to $54.4 million; and Adjusted EBITDA increased 20% to $103 million. Cash flow provided by operating activities was $77.2 million and free cash flow was $46.9 million, with an ending cash position of $434 million. Shares repurchased were 471,759 for approximately $10.0 million. Rod Larson, Oceaneering's President and Chief Executive Officer, stated, "I am pleased to report another strong quarter, in which we del