Oceaneering International, Inc. provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company's Subsea Robotics segment provides remotely operated vehicles (ROVs) to customers in the energy industry for drilling support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance and repair. As of December 31, 2020, this segment owned 250 work-class ROVs. Its Manufactured Products segment provides production control umbilicals and connection systems; and program management, engineering design, fabrication/assembly, and installation to the commercial theme park industry, as well as mobile robotics solutions, including AGV technology to various industries. The company's Projects Group segment offers subsea installation and intervention, including riserless light well intervention services and inspection, and maintenance and repair services; installation and workover control systems, and ROV workover control systems; project management and engineering; and seabed preparation, route clearance, and trenching services for submarine cables for the renewable energy markets. Its Integrity Management & Digital Solutions segment provides asset integrity management, corrosion management, and inspection and non-destructive testing services to customers in the oil and gas, power generation, and petrochemical industries; software, digital, and connectivity solution for the energy industry; and software and analytical solutions for the bulk cargo maritime industry. The company's Aerospace and Defense Technologies segment offers government services and products, including engineering and related manufacturing in defense and space exploration activities principally to U.S. government agencies and their prime contractors. The company was founded in 1964 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: oceaneering.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
4 - OCEANEERING INTERNATIONAL INC (0000073756) (Issuer)
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 promotion of Benjamin M. Laura to Senior Vice President and Chief Operating Officer ("COO"), effective January 1, 2025. Mr. Laura currently serves as Oceaneering's Senior Vice President and Chief Innovation Officer, a position he has held since 2022. He joined Oceaneering in 2014 as Director, Subsea Services, and has held roles with progressively more responsibility during his tenure. Before joining Oceaneering, he worked for Baker Hughes Incorporated as Vice President and Managing Director for Baker Hughes do Brasil. Mr. Laura holds a Bachelor of Science degree in Mechanical Engineering from Mississippi State Univer
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that President and Chief Executive Officer Rod Larson is scheduled to meet with institutional investors at the Bank of America Global Energy Conference in Houston, TX on November 12, 2024. Chief Financial Officer Alan Curtis is scheduled to deliver a presentation at the Baird Global Industrial Conference in Chicago, IL on Wednesday, November 13, 2024. Mr. Curtis and Senior Director, Investor Relations, Hilary Frisbie, will also meet with institutional investors. The third quarter presentation will be available on the Investor Relations page of Oceaneering's website at www.oceaneering.com after market Wednesday, Nove
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. ("Oceaneering") (NYSE:OII) today reported net income of $41.2 million, or $0.40 per share, on revenue of $680 million for the three months ended September 30, 2024. Adjusted net income was $37.2 million, or $0.36 per share, reflecting the impact of $(0.4) million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter, $0.6 million tax effect on adjustments associated with foreign exchange gains, and $(4.2) million of discrete tax adjustments. Summary of Results (in thousands, except per share amounts) For the Three Months Ended For t
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announces that it will report financial results for the third quarter of 2024 on Wednesday, October 23, 2024, 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 24, 2024, 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 af
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that President and Chief Executive Officer Roderick A. Larson will participate in a fireside chat at the Barclays CEO Energy-Power Conference on Wednesday, September 4, 2024. Mr. Larson and other members of management will also host meetings with institutional investors. The conference handout is 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, manufacturing, and entertainment industries. For more information on Oceaneer
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $35.0 million, or $0.34 per share, on revenue of $669 million for the three months ended June 30, 2024. Adjusted net income was $28.6 million, or $0.28 per share, reflecting the impact of $(1.0) million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter, along with $(5.5) million of expenses related to discrete tax adjustments. Summary of Results (in thousands, except per share amounts) For the Three Months Ended For the Six M
Oceaneering International, Inc. ("Oceaneering") announced that its Offshore Projects Group (OPG) segment has been awarded multiple contractual agreements for vessel services with global energy companies, covering operations in the Gulf of Mexico. The scope of work under the first contract includes a mix of basic and heavy inspection, maintenance, and repair (IMR) services, including vessel-based inspections, maintenance of smaller equipment, and replacement of jumpers. The contract also encompasses intervention services and installation work, which are currently scheduled for the second half of 2024. It covers an initial 60-day work commitment. The second contract's scope of work primaril
Oceaneering International, Inc. ("Oceaneering") announces that it will report financial results for the second quarter of 2024 on Wednesday, July 24, 2024, 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 second quarter results for Thursday, July 25, 2024, 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 the conclus
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced that its Manufactured Products segment has secured a large contract with a domestic independent energy company. The anticipated revenue from this contract is approximately $50 million. Oceaneering is contracted to supply an electro-hydraulic, steel tube dynamic umbilical totaling approximately 27 kilometers (17 miles) in length for a project in the Gulf of Mexico. Manufacturing is scheduled for the Panama City, Florida facility, to commence in 2025 with final delivery expected in the second quarter of 2026. Shaun R. Roedel, Senior Vice President of Manufactured Products, stated, "This contract award reflects the confid
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $41.2 million, or $0.40 per share, on revenue of $680 million for the three months ended September 30, 2024. Adjusted net income was $37.2 million, or $0.36 per share, reflecting the impact of $(0.4) million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter, $0.6 million tax effect on adjustments associated with foreign exchange gains, and $(4.2) million of discrete tax adjustments. Summary of Results (in thousands, except per share amounts) For the Three Months Ended For t
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announces that it will report financial results for the third quarter of 2024 on Wednesday, October 23, 2024, 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 24, 2024, 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 af
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $35.0 million, or $0.34 per share, on revenue of $669 million for the three months ended June 30, 2024. Adjusted net income was $28.6 million, or $0.28 per share, reflecting the impact of $(1.0) million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter, along with $(5.5) million of expenses related to discrete tax adjustments. Summary of Results (in thousands, except per share amounts) For the Three Months Ended For the Six M
Oceaneering International, Inc. ("Oceaneering") announces that it will report financial results for the second quarter of 2024 on Wednesday, July 24, 2024, 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 second quarter results for Thursday, July 25, 2024, 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 the conclus
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $15.1 million, or $0.15 per share, on revenue of $599 million for the three months ended March 31, 2024. Adjusted net income was $13.9 million, or $0.14 per share, reflecting the positive impact of $(2.2) million in foreign exchange gains, and the associated $0.8 million of tax effects, along with $0.2 million of expenses related to discrete tax adjustments. Summary of Results (in thousands, except per share amounts) For the Three Months Ended Mar 31, Dec 31,
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced that it will report financial results for the first quarter of 2024 on Wednesday, April 24, 2024, after the close of trading on the New York Stock Exchange. The earnings release will be available on Oceaneering's website at oceaneering.com. The previously announced conference call and webcast related to the first quarter results has been rescheduled to 9:00 a.m. Central Time on Thursday, April 25, 2024. 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 h
Oceaneering International, Inc. (NYSE:OII) announced today that it will host an invitation-only Investor & Analyst Day, Thursday, May 9, 2024 in Houston, Texas. Presentations will feature Oceaneering's 60 years of innovative technology. The presentation handout will be available on the Investor Relations page of Oceaneering's website at www.oceaneering.com after market close on Wednesday, May 8, 2024. Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries. For more information on Oceaneering, please visit www.oceaneering.com. View source versio
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announces that it will report financial results for the first quarter of 2024 on Wednesday, April 24, 2024, 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 25, 2024, 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
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) today reported net income of $44.5 million, or $0.43 per share, on revenue of $655 million for the three months ended December 31, 2023. Adjusted net income was $19.4 million, or $0.19 per share, reflecting the impact of $(23.7) million benefit from discrete tax adjustments, primarily due to changes in valuation allowances, uncertain tax positions and prior year estimates; $2.3 million of pre-tax adjustments associated with foreign exchange gains recognized during the quarter; and $0.9 million tax effect on adjustments associated with foreign exchange gains. Adjusted net income (loss) and earnings (loss) per share; EBITDA and adju
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that Vice President, Corporate Development and Investor Relations, Mark Peterson, and Senior Director, Investor Relations, Hilary Frisbie, will meet with institutional investors in Miami, FL at the J.P. Morgan Global High Yield & Leveraged Finance Conference on Tuesday, February 27 and the Scotiabank Energy & Power Conference on Wednesday, February 28, 2024. The conference handout will be available on the Investor Relations page of Oceaneering's website at www.oceaneering.com after market close on Monday, February 26, 2024. Oceaneering is a global technology company delivering engineered services and products and
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Oceaneering International (NYSE:OII) reported quarterly earnings of $0.28 per share which missed the analyst consensus estimate of $0.30 by 6.67 percent. The company reported quarterly sales of $668.808 million which beat the analyst consensus estimate of $653.475 million by 2.35 percent. This is a 11.86 percent increase over sales of $597.910 million the same period last year.
4 analysts have expressed a variety of opinions on Oceaneering International (NYSE:OII) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 0 1 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 1 0 3M Ago 2 0 0 0 0 Analysts have recently evaluated Oceaneering International and provided 12-month price targets. The average target is $29.25, accompanied by a high estimate of $34.00 and a low es
Citigroup analyst Scott Gruber maintains Oceaneering International (NYSE:OII) with a Buy and raises the price target from $25 to $28.
Oceaneering is contracted to supply an electro-hydraulic, steel tube dynamic umbilical totaling approximately 27 kilometers (17 miles) in length for a project in the Gulf of Mexico. Manufacturing is scheduled for the Panama City, Florida facility, to commence in 2025 with final delivery expected in the second quarter of 2026.
In the preceding three months, 5 analysts have released ratings for Oceaneering International (NYSE: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. S
Barclays analyst David Anderson downgrades Oceaneering International (NYSE:OII) from Equal-Weight to Underweight and lowers the price target from $22 to $21.
Across the recent three months, 4 analysts have shared their insights on Oceaneering International (NYSE:OII), expressing a variety of opinions spanning from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 2 0 0 3M Ago 0 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $28.5, a high estimate of $34.00, and a low estimate of $22.00. Marking an increase of 23.91%, the c
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 Hilary Frisbie has been appointed to succeed Mark Peterson as Senior Director, Investor Relations, effective January 10, 2024. Ms. Frisbie joined Oceaneering's legal department in 2011 and has served most recently as Associate General Counsel. She has led Oceaneering's global contracting programs, including initiatives on contract risk management, market entry, and compliance. Prior to joining Oceaneering, she practiced law with a private law firm. Ms. Frisbie received her law degree from The University of Texas School of Law and holds a Bachelor's degree from The University of Texas at Austin. Mr. Peterson has no
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced the appointment of Jennifer Simons to succeed David Lawrence as Senior Vice President, Chief Legal Officer and Secretary, effective upon Ms. Simons' commencement of employment with Oceaneering, which is expected on or about January 1, 2023. In this role, Ms. Simons will be responsible for Oceaneering's global legal function. Ms. Simons has worked for Parker Wellbore since 2010, serving in roles of increasing seniority and responsibility. She most recently served as Senior Vice President, Chief Administration Officer, General Counsel and Corporate Secretary, a role held since 2020, and Vice President, General Counsel and C
HOUSTON, Jan. 27, 2021 /PRNewswire/ -- Oceaneering International, Inc. (NYSE:OII) today announced that Ms. Karen H. Beachy and Dr. Kavitha Velusamy have joined Oceaneering's Board of Directors as independent, non-executive directors in Classes II and III, respectively. Ms. Beachy's and Dr. Velusamy's initial terms of office extend until Oceaneering's Annual Meeting of Shareholders in 2021 and 2022, respectively. Ms. Beachy has been appointed to the Compensation Committee of the Board and Dr. Velusamy has been appointed to the Audit Committee of the Board. Ms. Beachy has over 25 years of corporate strategy, operations management and consulting experience with energy and utilities busi
The Benchmark Company initiated coverage of Oceaneering Intl with a rating of Buy and set a new price target of $25.00
Barclays downgraded Oceaneering Intl from Overweight to Equal Weight and set a new price target of $10.00 from $15.00 previously
Piper Sandler reiterated coverage of Oceaneering International with a rating of Overweight and set a new price target of $22.50 from $21.00 previously
Piper Sandler upgraded Oceaneering Intl from Neutral to Overweight and set a new price target of $21.00 from $17.00 previously
BofA Securities upgraded Oceaneering Intl from Neutral to Buy and set a new price target of $15.00
Citigroup reiterated coverage of Oceaneering International with a rating of and set a new price target of $18.00 from $10.00 previously
Cowen reiterated coverage of Oceaneering Intl with a rating of Market Perform and set a new price target of $14.00 from $10.00 previously
Barclays reiterated coverage of Oceaneering International with a rating of Overweight and set a new price target of $16.00 from $12.00 previously