​

Oceaneering (OII) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

OII Stock Forecast

Oceaneering stock forecast is as follows: an average price target of $26.00 (represents a 2.89% upside from OII’s last price of $25.27) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.

OII Price Target

The average price target for Oceaneering (OII) is $26.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $26.00 to $26.00. This represents a potential 2.89% upside from OII's last price of $25.27.

OII Analyst Ratings

Hold

According to 4 Wall Street analysts, Oceaneering's rating consensus is 'Hold'. The analyst rating breakdown for OII stock is 0 'Strong Buy' (0.00%), 1 'Buy' (25.00%), 2 'Hold' (50.00%), 1 'Sell' (25.00%), and 0 'Strong Sell' (0.00%).

Oceaneering Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 18, 2024Eddie KimBarclays$26.00$24.635.56%2.89%
May 14, 2024David AndersonBarclays$21.00$23.20-9.46%-16.90%

The latest Oceaneering stock forecast, released on Dec 18, 2024 by Eddie Kim from Barclays, set a price target of $26.00, which represents a 5.56% increase from the stock price at the time of the forecast ($24.63), and a 2.89% increase from OII last price ($25.27).

Oceaneering Price Target by Period

1M3M12M
# Anlaysts-12
Avg Price Target-$26.00$23.50
Last Closing Price$25.27$25.27$25.27
Upside/Downside-100.00%2.89%-7.00%

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 $25.27. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Jan 10, 2025CitigroupBuyNeutralDowngrade
Jan 08, 2025Cowen & Co.HoldHoldHold
Jul 31, 2024CitigroupBuyBuyHold
Jul 31, 2024BarclaysUnderweightUnderweightHold
Jul 03, 2024CitigroupBuyBuyHold
May 14, 2024Piper SandlerBuyBuyHold
May 14, 2024BarclaysUnderweightDowngrade
Oct 19, 2022CitigroupBuyBuyHold

Oceaneering's last stock rating was published by Citigroup on Jan 10, 2025. The company Downgrade its OII rating from "Buy" to "Neutral".

Oceaneering Financial Forecast

Oceaneering Revenue Forecast

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
Revenue------------------------$635.18M$597.91M$536.99M$536.22M$559.67M$524.03M
Avg Forecast$861.42M$851.29M$841.27M$831.37M$821.58M$811.91M$802.36M$792.91M$783.58M$774.36M$765.25M$739.94M$762.03M$742.84M$668.08M$728.15M$730.77M$712.21M$661.17M$681.90M$693.69M$656.87M$588.02M$624.81M$635.53M$600.33M$514.02M$546.50M$547.60M$521.02M
High Forecast$869.31M$859.08M$848.97M$838.97M$829.10M$819.34M$809.70M$800.17M$790.75M$781.45M$772.25M$746.71M$769.01M$749.64M$674.19M$734.82M$737.45M$718.73M$667.22M$688.14M$696.64M$656.87M$588.02M$624.82M$635.53M$605.82M$518.73M$551.70M$547.60M$521.02M
Low Forecast$851.48M$841.45M$831.55M$821.77M$812.09M$802.54M$793.09M$783.76M$774.53M$765.42M$756.41M$731.39M$753.23M$734.26M$660.37M$719.74M$722.33M$703.98M$653.53M$674.03M$690.74M$656.87M$588.02M$624.80M$635.53M$593.40M$508.09M$540.04M$547.60M$521.02M
# Analysts111111111111111111221113111111
Surprise %------------------------1.00%1.00%1.04%0.98%1.02%1.01%

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

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
# Analysts111111111111111111221113111111
EBITDA------------------------$63.12M$47.99M$31.93M$44.71M$47.55M$24.52M
Avg Forecast$28.61M$28.28M$27.94M$27.62M$27.29M$26.97M$26.65M$26.34M$26.03M$25.72M$25.42M$24.58M$25.31M$24.67M$22.19M$24.19M$24.27M$23.66M$21.96M$22.65M$23.04M$21.82M$435.66K$20.75M$21.11M$19.94M$344.40K$98.61M$12.55M$11.94M
High Forecast$28.88M$28.54M$28.20M$27.87M$27.54M$27.22M$26.90M$26.58M$26.27M$25.96M$25.65M$24.80M$25.54M$24.90M$22.39M$24.41M$24.50M$23.87M$22.16M$22.86M$23.14M$21.82M$522.79K$20.75M$21.11M$20.12M$413.27K$118.33M$12.55M$11.94M
Low Forecast$28.28M$27.95M$27.62M$27.30M$26.98M$26.66M$26.34M$26.03M$25.73M$25.42M$25.13M$24.29M$25.02M$24.39M$21.94M$23.91M$23.99M$23.38M$21.71M$22.39M$22.94M$21.82M$348.53K$20.75M$21.11M$19.71M$275.52K$78.89M$12.55M$11.94M
Surprise %------------------------2.99%2.41%92.72%0.45%3.79%2.05%

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

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
# Analysts111111111111111111221113111111
Net Income------------------------$29.81M$19.00M$4.06M$23.13M$18.30M$3.72M
Avg Forecast$92.23M$81.52M$61.81M$77.99M$85.95M$75.66M$57.24M$70.70M$78.41M$68.05M$49.90M$56.80M$63.23M$54.50M$38.62M$53.75M$53.54M$46.82M$33.74M$41.50M$44.20M$32.86M$-16.91M$25.86M$33.28M$30.24M$-13.37M$-51.97M$13.88M$12.41M
High Forecast$93.33M$82.49M$62.55M$78.91M$86.97M$76.56M$57.92M$71.54M$79.34M$68.86M$50.49M$57.48M$63.98M$55.15M$39.08M$54.39M$54.18M$47.38M$34.14M$45.18M$44.37M$32.88M$-13.53M$26.98M$33.30M$30.60M$-10.69M$-41.58M$13.88M$12.41M
Low Forecast$90.84M$80.29M$60.89M$76.82M$84.66M$74.52M$56.38M$69.64M$77.23M$67.03M$49.15M$55.95M$62.28M$53.68M$38.04M$52.95M$52.74M$46.12M$33.23M$36.89M$44.03M$32.85M$-20.29M$24.73M$33.27M$29.79M$-16.04M$-62.37M$13.88M$12.41M
Surprise %------------------------0.90%0.63%-0.30%-0.44%1.32%0.30%

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

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
# Analysts111111111111111111221113111111
SG&A------------------------$56.77M$51.88M$50.81M$47.92M$48.88M$53.19M
Avg Forecast$89.04M$87.99M$86.96M$85.94M$84.92M$83.92M$82.94M$81.96M$81.00M$80.04M$79.10M$76.48M$78.77M$76.78M$69.06M$75.27M$75.54M$73.62M$68.34M$70.49M$71.70M$67.90M$40.94M$64.58M$65.69M$62.05M$32.37M$89.06M$56.60M$53.86M
High Forecast$89.86M$88.80M$87.75M$86.72M$85.70M$84.69M$83.70M$82.71M$81.74M$80.78M$79.82M$77.18M$79.49M$77.49M$69.69M$75.96M$76.23M$74.29M$68.97M$71.13M$72.01M$67.90M$49.13M$64.58M$65.69M$62.62M$38.84M$106.87M$56.60M$53.86M
Low Forecast$88.01M$86.98M$85.95M$84.94M$83.94M$82.96M$81.98M$81.01M$80.06M$79.12M$78.19M$75.60M$77.86M$75.90M$68.26M$74.40M$74.66M$72.77M$67.55M$69.67M$71.40M$67.90M$32.75M$64.58M$65.69M$61.34M$25.89M$71.25M$56.60M$53.86M
Surprise %------------------------0.86%0.84%1.57%0.54%0.86%0.99%

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

Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22
# Analysts111111111111111111221113111111
EPS------------------------$0.30$0.19$0.04$0.23$0.18$0.04
Avg Forecast$0.90$0.79$0.60$0.76$0.84$0.74$0.56$0.69$0.76$0.66$0.49$0.55$0.62$0.53$0.38$0.52$0.52$0.46$0.33$0.40$0.43$0.32$0.07$0.25$0.32$0.29$0.08$0.18$0.14$0.12
High Forecast$0.91$0.80$0.61$0.77$0.85$0.75$0.56$0.70$0.77$0.67$0.49$0.56$0.62$0.54$0.38$0.53$0.53$0.46$0.33$0.44$0.43$0.32$0.07$0.26$0.32$0.30$0.08$0.18$0.14$0.12
Low Forecast$0.89$0.78$0.59$0.75$0.83$0.73$0.55$0.68$0.75$0.65$0.48$0.55$0.61$0.52$0.37$0.52$0.51$0.45$0.32$0.36$0.43$0.32$0.07$0.24$0.32$0.29$0.08$0.18$0.14$0.12
Surprise %------------------------0.92%0.64%0.49%1.29%1.33%0.31%

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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HLXHelix Energy Solutions Group$8.19$14.0070.94%Buy
OISOil States$5.23$7.5043.40%Hold
CHXChampionX$29.09$38.3331.76%Buy
DNOWNOW$15.01$18.0019.92%
FTITechnipFMC$30.18$35.5717.86%Buy
RESRPC$6.42$7.009.03%Hold
OIIOceaneering$25.27$26.002.89%Hold
AROCArchrock$28.86$22.00-23.77%Buy

OII Forecast FAQ

Is Oceaneering a good buy?

No, according to 4 Wall Street analysts, Oceaneering (OII) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 25.00% of OII's total ratings.

What is OII's price target?

Oceaneering (OII) average price target is $26 with a range of $26 to $26, implying a 2.89% from its last price of $25.27. The data is based on 4 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 up by 2.89% (from the last price of $25.27 to the average price target of $26), up by 2.89% based on the highest stock price target, and up by 2.89% based on the lowest stock price target.

Can Oceaneering stock reach $40?

OII's average twelve months analyst stock price target of $26 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 $3.14B, low $3.08B), average EBITDA is $103.51M (high $104.45M, low $102.31M), average net income is $267.06M (high $270.24M, low $263.05M), average SG&A $322.1M (high $325.05M, low $318.38M), 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 $109.52M, low $107.27M), average net income is $296.83M (high $300.36M, low $292.37M), average SG&A $337.72M (high $340.81M, low $333.82M), 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 $1.62B by 27.92%. Apple's EBITDA was $117.27M, missing the average prediction of $123.1M by -4.74%. The company's net income was $25.94M, missing the average estimation of $-25.689M by -200.98%. Apple's SG&A was $196.51M, missing the average forecast of $199.52M by -1.51%. Lastly, the company's EPS was $0.26, missing the average prediction of $0.435 by -40.26%. 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%