Oceaneering (OII) Stock Forecast, Price Target & Predictions
OII Stock Forecast
Oceaneering stock forecast is as follows: an average price target of $21.00 (represents a -17.49% downside from OII’s last price of $25.45) 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 -17.49% downside from OII's last price of $25.45.
OII Analyst Ratings
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% | -17.49% |
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 -17.49% decrease from OII last price ($25.45).
Oceaneering Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $21.00 |
| Last Closing Price | $25.45 | $25.45 | $25.45 |
| Upside/Downside | -100.00% | -100.00% | -17.49% |
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 $25.45. 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 | $748.30M | $773.81M | $749.26M | $675.81M | $726.54M | $735.69M | $715.53M | $662.55M | $689.24M | $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 | $831.37M | $821.58M | $811.91M | $802.36M | $792.91M | $783.58M | $774.36M | $765.25M | $748.30M | $773.81M | $749.26M | $675.81M | $726.54M | $735.69M | $715.53M | $662.55M | $689.24M | $696.64M | $656.87M | $588.02M | $624.82M | $635.53M | $600.33M | $514.02M | $546.50M | $547.60M | $521.02M | $440.39M | $469.35M | $485.42M |
| Low Forecast | $831.37M | $821.58M | $811.91M | $802.36M | $792.91M | $783.58M | $774.36M | $765.25M | $748.30M | $773.81M | $749.26M | $675.81M | $726.54M | $735.69M | $715.53M | $662.55M | $689.24M | $690.74M | $656.87M | $588.02M | $624.80M | $635.53M | $600.33M | $514.02M | $546.50M | $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 | 1 | 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 | 1 | 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 | $19.06M | $18.83M | $18.61M | $18.39M | $18.17M | $17.96M | $17.75M | $17.54M | $17.15M | $17.74M | $17.17M | $15.49M | $16.65M | $16.86M | $16.40M | $15.19M | $15.80M | $15.90M | $15.06M | $435.66K | $14.32M | $14.57M | $13.76M | $344.40K | $98.61M | $12.55M | $11.94M | $272.25K | $10.76M | $11.13M |
| High Forecast | $19.06M | $18.83M | $18.61M | $18.39M | $18.17M | $17.96M | $17.75M | $17.54M | $17.15M | $17.74M | $17.17M | $15.49M | $16.65M | $16.86M | $16.40M | $15.19M | $15.80M | $15.97M | $15.06M | $522.79K | $14.32M | $14.57M | $13.76M | $413.27K | $118.33M | $12.55M | $11.94M | $326.70K | $10.76M | $11.13M |
| Low Forecast | $19.06M | $18.83M | $18.61M | $18.39M | $18.17M | $17.96M | $17.75M | $17.54M | $17.15M | $17.74M | $17.17M | $15.49M | $16.65M | $16.86M | $16.40M | $15.19M | $15.80M | $15.83M | $15.06M | $348.53K | $14.32M | $14.57M | $13.76M | $275.52K | $78.89M | $12.55M | $11.94M | $217.80K | $10.76M | $11.13M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.33% | 3.49% | 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 $14.32M, with a high of $14.32M and a low of $14.32M. This is -77.31% 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 | 1 | 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 | $59.20M | $66.60M | $57.13M | $40.83M | $55.13M | $56.26M | $47.93M | $33.78M | $41.92M | $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 | $77.99M | $85.95M | $75.66M | $57.24M | $70.70M | $78.41M | $68.05M | $49.90M | $59.20M | $66.60M | $57.13M | $40.83M | $55.13M | $56.26M | $47.93M | $33.78M | $41.92M | $44.37M | $32.88M | $-13.53M | $26.98M | $33.30M | $30.24M | $-10.69M | $-41.58M | $13.88M | $12.41M | $-8.45M | $-131.78K | $2.75M |
| Low Forecast | $77.99M | $85.95M | $75.66M | $57.24M | $70.70M | $78.41M | $68.05M | $49.90M | $59.20M | $66.60M | $57.13M | $40.83M | $55.13M | $56.26M | $47.93M | $33.78M | $41.92M | $44.03M | $32.85M | $-20.29M | $24.73M | $33.27M | $30.24M | $-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 | 1 | 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 | $77.35M | $79.99M | $77.45M | $69.86M | $75.10M | $76.05M | $73.96M | $68.49M | $71.24M | $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 | $85.94M | $84.92M | $83.92M | $82.94M | $81.96M | $81.00M | $80.04M | $79.10M | $77.35M | $79.99M | $77.45M | $69.86M | $75.10M | $76.05M | $73.96M | $68.49M | $71.24M | $72.01M | $67.90M | $49.13M | $64.58M | $65.69M | $62.05M | $38.84M | $106.87M | $56.60M | $53.86M | $30.70M | $48.51M | $50.18M |
| Low Forecast | $85.94M | $84.92M | $83.92M | $82.94M | $81.96M | $81.00M | $80.04M | $79.10M | $77.35M | $79.99M | $77.45M | $69.86M | $75.10M | $76.05M | $73.96M | $68.49M | $71.24M | $71.40M | $67.90M | $32.75M | $64.58M | $65.69M | $62.05M | $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 | 1 | 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 | $0.58 | $0.65 | $0.56 | $0.40 | $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 | $0.76 | $0.84 | $0.74 | $0.56 | $0.69 | $0.76 | $0.66 | $0.49 | $0.58 | $0.65 | $0.56 | $0.40 | $0.54 | $0.55 | $0.47 | $0.33 | $0.41 | $0.43 | $0.32 | $0.07 | $0.26 | $0.32 | $0.29 | $0.08 | $0.18 | $0.14 | $0.12 | $-0.01 | $-0.00 | $0.03 |
| Low Forecast | $0.76 | $0.84 | $0.74 | $0.56 | $0.69 | $0.76 | $0.66 | $0.49 | $0.58 | $0.65 | $0.56 | $0.40 | $0.54 | $0.55 | $0.47 | $0.33 | $0.41 | $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 |
|---|---|---|---|---|---|
| RES | RPC | $5.68 | $10.00 | 76.06% | Hold |
| NR | Newpark Resources | $6.57 | $11.00 | 67.43% | Buy |
| OIS | Oil States | $4.72 | $7.50 | 58.90% | Hold |
| HLX | Helix Energy Solutions Group | $9.22 | $14.00 | 51.84% | Buy |
| DNOW | NOW | $11.87 | $18.00 | 51.64% | - |
| CHX | ChampionX | $28.43 | $38.33 | 34.82% | Buy |
| NEX | NexTier Oilfield Solutions | $10.61 | $13.50 | 27.24% | Hold |
| AROC | Archrock | $20.19 | $22.00 | 8.96% | Buy |
| FTI | TechnipFMC | $26.39 | $26.18 | -0.80% | Buy |
| OII | Oceaneering | $25.45 | $21.00 | -17.49% | 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 -17.49% from its last price of $25.45. 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 -17.49% (from the last price of $25.45 to the average price target of $21), down by -17.49% based on the highest stock price target, and down by -17.49% 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 $3.12B, low $3.12B), average EBITDA is $71.42M (high $71.42M, low $71.42M), average net income is $267.06M (high $267.06M, low $267.06M), average SG&A $322.1M (high $322.1M, low $322.1M), and average EPS is $2.6 (high $2.6, low $2.6). OII's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $3.27B (high $3.27B, low $3.27B), average EBITDA is $74.89M (high $74.89M, low $74.89M), average net income is $296.83M (high $296.83M, low $296.83M), average SG&A $337.72M (high $337.72M, low $337.72M), and average EPS is $2.89 (high $2.89, low $2.89).
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 $14.57M by 333.31%. 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%