Oceaneering Intl upgraded by BofA Securities with a new price target
$OII
Oilfield Services/Equipment
Energy
BofA Securities upgraded Oceaneering Intl from Neutral to Buy and set a new price target of $15.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
SC 13G/A - OCEANEERING INTERNATIONAL INC (0000073756) (Subject)
SC 13G/A - OCEANEERING INTERNATIONAL INC (0000073756) (Subject)
SC 13G/A - OCEANEERING INTERNATIONAL INC (0000073756) (Subject)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
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. (NYSE:OII) announced today that it has acquired Global Design Innovation Ltd. (GDi), a UK-based provider of digital and software services. This acquisition is a key step in Oceaneering's strategy to advance its digital capabilities and broaden the solutions available to its global clients. As the only provider certified by the United Kingdom Accreditation Service (UKAS) to perform remote visual inspection using point cloud data and photographic images, GDi brings advanced algorithms and data solutions that, when combined with Oceaneering's engineering expertise, will strengthen Oceaneering's ability to optimize asset management for clients in industries incl
Oceaneering International, Inc. (NYSE:OII) today announced that Ms. Reema Poddar has been elected to its Board of Directors as an independent, non-executive director in Class I, effective as of February 22, 2024. Ms. Poddar has also been appointed to the Nominating, Corporate Governance and Sustainability Committee of the Board. Her initial term of office will extend until Oceaneering's Annual Meeting of Shareholders in 2026. Ms. Poddar has 30 years of software industry experience, including product strategy, product development and digital business transformation. She has been recognized as a leader in data analytics, machine learning, artificial intelligence, cloud services, cyber secur
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced that its Offshore Projects Group ("OPG") has been awarded a multi-year contract by bp Mauritania Investments Limited for the provision of subsea inspection, maintenance, and repair (IMR) services and remotely operated vehicle (ROV) services in the Greater Tortue Ahmeyim field. Oceaneering will support this contract with one of its multi-purpose vessels outfitted with two Oceaneering work class ROVs. The scope of work will also include project management, engineering, and integration services provided by Oceaneering's local and international personnel. Engineering and pre-mobilization activities have commenced, with field
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported first quarter 2025 results. Revenue of $675 million, a 13% increase year over year Operating income of $73.5 million, a 100% increase year over year Net income of $50.4 million, a 233% increase year over year Adjusted EBITDA of $96.7 million, a 57% increase year over year, which has not been adjusted for a $10.4 million inventory reserve taken in our Manufactured Products segment Cash flow used in operating activities of $(80.7) million and free cash flow of $(107) million, with an ending cash position of $382 million Share repurchases of 479,154 for approximately $10.0 million Rod Larson, President and
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announces that it will report financial results for the first quarter of 2025 on Wednesday, April 23, 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 scheduled a conference call and webcast related to its first quarter results for Thursday, April 24, 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 following t
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported first quarter 2025 results. Revenue of $675 million, a 13% increase year over year Operating income of $73.5 million, a 100% increase year over year Net income of $50.4 million, a 233% increase year over year Adjusted EBITDA of $96.7 million, a 57% increase year over year, which has not been adjusted for a $10.4 million inventory reserve taken in our Manufactured Products segment Cash flow used in operating activities of $(80.7) million and free cash flow of $(107) million, with an ending cash position of $382 million Share repurchases of 479,154 for approximately $10.0 million Rod Larson, President and
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announces that it will report financial results for the first quarter of 2025 on Wednesday, April 23, 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 scheduled a conference call and webcast related to its first quarter results for Thursday, April 24, 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 following t
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported fourth quarter and full year 2024 results. Fourth Quarter 2024 Results Revenue of $713 million, a 9% increase year over year Operating income of $77.9 million, a 64% increase year over year Net income of $56.1 million, a 26% increase year over year Adjusted EBITDA of $102 million, a 35% increase year over year Cash flow provided by operating activities of $128 million and free cash flow of $94.5 million, with an ending cash position of $498 million Full Year 2024 Results Revenue of $2.7 billion, a 10% increase year over year Operating income of $246 million, a 36% increase year over year Net income
10-Q - OCEANEERING INTERNATIONAL INC (0000073756) (Filer)
8-K - OCEANEERING INTERNATIONAL INC (0000073756) (Filer)
DEFA14A - OCEANEERING INTERNATIONAL INC (0000073756) (Filer)
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
Barclays upgraded Oceaneering Intl from Underweight to Equal Weight and set a new price target of $26.00 from $22.00 previously