Oceaneering (OII) Stock Forecast, Price Target & Predictions

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OII Stock Forecast

Oceaneering stock forecast is as follows: an average price target of $21.00 (represents a -14.46% downside from OII’s last price of $24.55) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.

OII Price Target

The average price target for Oceaneering (OII) is $21.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $21.00 to $21.00. This represents a potential -14.46% downside from OII's last price of $24.55.

OII Analyst Ratings

Buy

According to 3 Wall Street analysts, Oceaneering's rating consensus is 'Buy'. The analyst rating breakdown for OII stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 0 'Hold' (0.00%), 1 'Sell' (33.33%), and 0 'Strong Sell' (0.00%).

Oceaneering Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
May 14, 2024	David Anderson	Barclays	$21.00	$23.20	-9.46%	-14.46%

The latest Oceaneering stock forecast, released on May 14, 2024 by David Anderson from Barclays, set a price target of $21.00, which represents a -9.46% decrease from the stock price at the time of the forecast ($23.20), and a -14.46% decrease from OII last price ($24.55).

Oceaneering Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	1
Avg Price Target	-	-	$21.00
Last Closing Price	$24.55	$24.55	$24.55
Upside/Downside	-100.00%	-100.00%	-14.46%

In the current month, the average price target of Oceaneering stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Oceaneering's last price of $24.55. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Jul 31, 2024	Citigroup	Buy	Buy	Hold
Jul 31, 2024	Barclays	Underweight	Underweight	Hold
Jul 03, 2024	Citigroup	Buy	Buy	Hold
May 14, 2024	Piper Sandler	Buy	Buy	Hold
May 14, 2024	Barclays		Underweight	Downgrade
Oct 19, 2022	Citigroup	Buy	Buy	Hold

Oceaneering's last stock rating was published by Citigroup on Jul 31, 2024. The company gave OII a "Buy" rating, the same as its previous rate.

Oceaneering Financial Forecast

Oceaneering Revenue Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$635.18M	$597.91M	$536.99M	$536.22M	$559.67M	$524.03M	$446.16M	$466.71M	$466.81M
Avg Forecast	$831.37M	$821.58M	$811.91M	$802.36M	$792.91M	$783.58M	$774.36M	$765.25M	$742.35M	$765.17M	$745.87M	$672.10M	$717.41M	$729.80M	$712.55M	$658.88M	$686.33M	$693.69M	$656.87M	$588.02M	$624.81M	$635.53M	$600.33M	$514.02M	$546.50M	$547.60M	$521.02M	$440.39M	$469.35M	$485.42M
High Forecast	$839.28M	$829.40M	$819.64M	$810.00M	$800.46M	$791.04M	$781.73M	$772.53M	$749.42M	$772.46M	$752.97M	$678.50M	$724.24M	$736.75M	$719.34M	$665.16M	$692.86M	$696.64M	$656.87M	$588.02M	$624.82M	$635.53M	$606.05M	$518.92M	$551.70M	$547.60M	$521.02M	$440.39M	$469.35M	$485.42M
Low Forecast	$821.54M	$811.87M	$802.32M	$792.87M	$783.54M	$774.32M	$765.21M	$756.20M	$733.58M	$756.13M	$737.05M	$664.16M	$708.93M	$721.17M	$704.13M	$651.10M	$678.21M	$690.74M	$656.87M	$588.02M	$624.80M	$635.53M	$593.23M	$507.95M	$540.04M	$547.60M	$521.02M	$440.39M	$469.35M	$485.42M
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	3	1	1	1	1	1	1	1	1	1
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00%	1.00%	1.04%	0.98%	1.02%	1.01%	1.01%	0.99%	0.96%

Oceaneering's average Quarter revenue forecast for Dec 23 based on 3 analysts is $624.81M, with a low forecast of $624.80M, and a high forecast of $624.82M. OII's average Quarter revenue forecast represents a -1.63% decrease compared to the company's last Quarter revenue of $635.18M (Sep 23).

Oceaneering EBITDA Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	3	1	1	1	1	1	1	1	1	1
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$63.12M	$47.99M	$31.93M	$44.71M	$47.55M	$24.52M	$495.00K	$15.77M	$50.05M
Avg Forecast	$27.62M	$27.29M	$26.97M	$26.65M	$26.34M	$26.03M	$25.72M	$25.42M	$24.66M	$25.42M	$24.78M	$22.32M	$23.83M	$24.24M	$23.67M	$21.89M	$22.80M	$23.04M	$21.82M	$435.66K	$20.75M	$21.11M	$19.94M	$344.40K	$98.61M	$12.55M	$11.94M	$272.25K	$10.76M	$11.13M
High Forecast	$27.88M	$27.55M	$27.23M	$26.91M	$26.59M	$26.28M	$25.97M	$25.66M	$24.89M	$25.66M	$25.01M	$22.54M	$24.06M	$24.47M	$23.89M	$22.09M	$23.01M	$23.14M	$21.82M	$522.79K	$20.75M	$21.11M	$20.13M	$413.27K	$118.33M	$12.55M	$11.94M	$326.70K	$10.76M	$11.13M
Low Forecast	$27.29M	$26.97M	$26.65M	$26.34M	$26.03M	$25.72M	$25.42M	$25.12M	$24.37M	$25.12M	$24.48M	$22.06M	$23.55M	$23.95M	$23.39M	$21.63M	$22.53M	$22.94M	$21.82M	$348.53K	$20.75M	$21.11M	$19.71M	$275.52K	$78.89M	$12.55M	$11.94M	$217.80K	$10.76M	$11.13M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.99%	2.41%	92.72%	0.45%	3.79%	2.05%	1.82%	1.47%	4.50%

3 analysts predict OII's average Quarter EBITDA for Dec 23 to be $20.75M, with a high of $20.75M and a low of $20.75M. This is -67.12% lower than Oceaneering's previous annual EBITDA (Sep 23) of $63.12M.

Oceaneering Net Income Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	3	1	1	1	1	1	1	1	1	1
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$29.81M	$19.00M	$4.06M	$23.13M	$18.30M	$3.72M	$-19.21M	$-38.81M	$-7.37M
Avg Forecast	$77.99M	$85.95M	$75.66M	$57.24M	$70.70M	$78.41M	$68.05M	$49.90M	$60.23M	$67.13M	$57.99M	$41.73M	$55.43M	$56.57M	$48.20M	$33.79M	$41.90M	$44.20M	$32.86M	$-16.91M	$25.86M	$33.28M	$30.24M	$-13.37M	$-51.97M	$13.88M	$12.41M	$-10.57M	$-131.78K	$2.75M
High Forecast	$78.95M	$87.01M	$76.59M	$57.95M	$71.58M	$79.38M	$68.90M	$50.52M	$60.97M	$67.96M	$58.71M	$42.25M	$56.12M	$57.27M	$48.80M	$34.21M	$42.42M	$44.37M	$32.88M	$-13.53M	$26.98M	$33.30M	$30.61M	$-10.69M	$-41.58M	$13.88M	$12.41M	$-8.45M	$-131.78K	$2.75M
Low Forecast	$76.79M	$84.63M	$74.49M	$56.36M	$69.61M	$77.20M	$67.01M	$49.13M	$59.30M	$66.10M	$57.10M	$41.09M	$54.58M	$55.70M	$47.46M	$33.28M	$41.26M	$44.03M	$32.85M	$-20.29M	$24.73M	$33.27M	$29.77M	$-16.04M	$-62.37M	$13.88M	$12.41M	$-12.68M	$-131.78K	$2.75M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.90%	0.63%	-0.30%	-0.44%	1.32%	0.30%	1.82%	294.53%	-2.68%

Oceaneering's average Quarter net income forecast for Dec 23 is $25.86M, with a range of $24.73M to $26.98M. OII's average Quarter net income forecast represents a -13.27% decrease compared to the company's last Quarter net income of $29.81M (Sep 23).

Oceaneering SG&A Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	3	1	1	1	1	1	1	1	1	1
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$56.77M	$51.88M	$50.81M	$47.92M	$48.88M	$53.19M	$46.52M	$91.73M	$44.08M
Avg Forecast	$85.94M	$84.92M	$83.92M	$82.94M	$81.96M	$81.00M	$80.04M	$79.10M	$76.73M	$79.09M	$77.10M	$69.47M	$74.16M	$75.44M	$73.65M	$68.11M	$70.94M	$71.70M	$67.90M	$40.94M	$64.58M	$65.69M	$62.05M	$32.37M	$89.06M	$56.60M	$53.86M	$25.59M	$48.51M	$50.18M
High Forecast	$86.75M	$85.73M	$84.72M	$83.73M	$82.74M	$81.77M	$80.80M	$79.85M	$77.46M	$79.85M	$77.83M	$70.13M	$74.86M	$76.15M	$74.36M	$68.75M	$71.62M	$72.01M	$67.90M	$49.13M	$64.58M	$65.69M	$62.64M	$38.84M	$106.87M	$56.60M	$53.86M	$30.70M	$48.51M	$50.18M
Low Forecast	$84.92M	$83.92M	$82.93M	$81.96M	$80.99M	$80.04M	$79.10M	$78.17M	$75.83M	$78.16M	$76.19M	$68.65M	$73.28M	$74.54M	$72.78M	$67.30M	$70.10M	$71.40M	$67.90M	$32.75M	$64.58M	$65.69M	$61.32M	$25.89M	$71.25M	$56.60M	$53.86M	$20.47M	$48.51M	$50.18M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.86%	0.84%	1.57%	0.54%	0.86%	0.99%	1.82%	1.89%	0.88%

Oceaneering's average Quarter SG&A projection for Dec 23 is $64.58M, based on 3 Wall Street analysts, with a range of $64.58M to $64.58M. The forecast indicates a 13.77% rise compared to OII last annual SG&A of $56.77M (Sep 23).

Oceaneering EPS Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	3	1	1	1	1	1	1	1	1	1
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.30	$0.19	$0.04	$0.23	$0.18	$0.04	$-0.19	$-0.39	$-0.07
Avg Forecast	$0.76	$0.84	$0.74	$0.56	$0.69	$0.76	$0.66	$0.49	$0.59	$0.65	$0.57	$0.41	$0.54	$0.55	$0.47	$0.33	$0.41	$0.43	$0.32	$0.07	$0.25	$0.32	$0.29	$0.08	$0.18	$0.14	$0.12	$-0.01	$-0.00	$0.03
High Forecast	$0.77	$0.85	$0.75	$0.56	$0.70	$0.77	$0.67	$0.49	$0.59	$0.66	$0.57	$0.41	$0.55	$0.56	$0.48	$0.33	$0.41	$0.43	$0.32	$0.07	$0.26	$0.32	$0.30	$0.08	$0.18	$0.14	$0.12	$-0.01	$-0.00	$0.03
Low Forecast	$0.75	$0.82	$0.73	$0.55	$0.68	$0.75	$0.65	$0.48	$0.58	$0.64	$0.56	$0.40	$0.53	$0.54	$0.46	$0.32	$0.40	$0.43	$0.32	$0.07	$0.24	$0.32	$0.29	$0.08	$0.18	$0.14	$0.12	$-0.01	$-0.00	$0.03
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.92%	0.64%	0.49%	1.29%	1.33%	0.31%	15.04%	303.27%	-2.75%

According to 3 Wall Street analysts, Oceaneering's projected average Quarter EPS for Dec 23 is $0.25, with a low estimate of $0.24 and a high estimate of $0.26. This represents a -16.01% decrease compared to OII previous annual EPS of $0.30 (Sep 23).

Oceaneering Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
HLX	Helix Energy Solutions Group	$9.19	$14.00	52.34%	Buy
OIS	Oil States	$4.95	$7.50	51.52%	Hold
NR	Newpark Resources	$7.62	$11.00	44.36%	Buy
CHX	ChampionX	$27.54	$38.33	39.18%	Buy
DNOW	NOW	$13.80	$18.00	30.43%
RES	RPC	$5.93	$7.00	18.04%	Hold
FTI	TechnipFMC	$29.96	$34.50	15.15%	Buy
AROC	Archrock	$25.59	$22.00	-14.03%	Buy
OII	Oceaneering	$25.29	$21.00	-16.96%	Buy

OII Forecast FAQ

Is Oceaneering a good buy?

Yes, according to 3 Wall Street analysts, Oceaneering (OII) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 66.67% of OII's total ratings.

What is OII's price target?

Oceaneering (OII) average price target is $21 with a range of $21 to $21, implying a -14.46% from its last price of $24.55. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Oceaneering stock go up soon?

According to Wall Street analysts' prediction for OII stock, the company can go down by -14.46% (from the last price of $24.55 to the average price target of $21), down by -14.46% based on the highest stock price target, and down by -14.46% based on the lowest stock price target.

Can Oceaneering stock reach $40?

OII's average twelve months analyst stock price target of $21 does not support the claim that Oceaneering can reach $40 in the near future.

What are Oceaneering's analysts' financial forecasts?

Oceaneering's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $3.12B (high $3.15B, low $3.08B), average EBITDA is $103.51M (high $104.49M, low $102.28M), average net income is $267.06M (high $270.37M, low $262.96M), average SG&A $322.1M (high $325.17M, low $318.29M), and average EPS is $2.6 (high $2.63, low $2.56). OII's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $3.27B (high $3.3B, low $3.23B), average EBITDA is $108.53M (high $109.56M, low $107.24M), average net income is $296.83M (high $300.5M, low $292.27M), average SG&A $337.72M (high $340.94M, low $333.73M), and average EPS is $2.89 (high $2.93, low $2.85).

Did the OII's actual financial results beat the analysts' financial forecasts?

Based on Oceaneering's last annual report (Dec 2022), the company's revenue was $2.07B, beating the average analysts forecast of $2.06B by 0.51%. Apple's EBITDA was $117.27M, missing the average prediction of $123.38M by -4.95%. The company's net income was $25.94M, missing the average estimation of $-36.254M by -171.55%. Apple's SG&A was $196.51M, missing the average forecast of $225.11M by -12.70%. Lastly, the company's EPS was $0.26, missing the average prediction of $0.423 by -38.47%. In terms of the last quarterly report (Sep 2023), Oceaneering's revenue was $635.18M, missing the average analysts' forecast of $635.53M by -0.05%. The company's EBITDA was $63.12M, beating the average prediction of $21.11M by 199.00%. Oceaneering's net income was $29.81M, missing the average estimation of $33.28M by -10.43%. The company's SG&A was $56.77M, missing the average forecast of $65.69M by -13.58%. Lastly, the company's EPS was $0.3, missing the average prediction of $0.324 by -7.51%