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 -9.48% downside from OII’s last price of $23.20) 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 -9.48% downside from OII's last price of $23.20.
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% | -9.48% |
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 -9.48% decrease from OII last price ($23.20).
Oceaneering Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $21.00 |
| Last Closing Price | $23.20 | $23.20 | $23.20 |
| Upside/Downside | -100.00% | -100.00% | -9.48% |
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 $23.20. 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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $635.18M | $597.91M | $536.99M | $536.22M | $559.67M | - | $446.16M | $466.71M | $466.81M | $498.20M | $437.55M | $424.26M | $439.74M | $427.22M | $536.67M | $560.81M | $497.65M |
| Avg Forecast | $767.51M | $785.00M | $756.64M | $688.05M | $726.76M | $763.45M | $733.34M | $655.38M | $677.57M | $689.75M | $656.87M | $588.02M | $624.81M | $635.53M | $600.33M | $514.02M | $546.50M | $547.60M | $521.02M | $440.39M | $469.35M | $485.42M | $455.49M | $432.00M | $434.38M | $420.14M | $458.65M | $538.86M | $517.35M | $525.65M |
| High Forecast | $770.27M | $787.82M | $759.36M | $690.53M | $729.37M | $766.20M | $735.98M | $657.74M | $680.00M | $692.23M | $659.24M | $590.14M | $624.82M | $637.81M | $602.49M | $515.87M | $548.46M | $549.57M | $521.02M | $445.50M | $474.79M | $491.05M | $460.77M | $437.00M | $439.41M | $425.01M | $463.97M | $545.11M | $523.35M | $531.74M |
| Low Forecast | $764.75M | $782.18M | $753.92M | $685.58M | $724.14M | $760.71M | $730.71M | $653.03M | $675.13M | $687.27M | $654.51M | $585.91M | $624.80M | $633.24M | $598.17M | $512.17M | $544.53M | $545.63M | $521.02M | $435.72M | $464.36M | $480.27M | $450.65M | $427.41M | $429.76M | $415.67M | $453.78M | $533.14M | $511.85M | $520.06M |
| # Analysts | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | 1 | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.00% | 1.04% | 0.98% | 1.02% | - | 1.01% | 0.99% | 0.96% | 1.09% | 1.01% | 0.98% | 1.05% | 0.93% | 1.00% | 1.08% | 0.95% |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | 1 | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $63.12M | $47.99M | $31.93M | $44.71M | $47.55M | - | $495.00K | $15.77M | $50.05M | $57.15M | $49.85M | $49.11M | $65.52M | $31.04M | $342.55M | $-145.49M | $44.36M |
| Avg Forecast | $17.59M | $17.99M | $17.34M | $15.77M | $16.66M | $17.50M | $16.81M | $15.02M | $15.53M | $15.81M | $15.06M | $435.66K | $14.32M | $14.57M | $13.76M | $344.40K | $12.53M | $128.20M | $11.94M | $272.25K | $10.76M | $101.35M | $62.87M | $112.17M | $89.65M | $19.71M | $41.39M | $-58.12M | $-280.60M | $28.23M |
| High Forecast | $17.66M | $18.06M | $17.41M | $15.83M | $16.72M | $17.56M | $16.87M | $15.08M | $15.59M | $15.87M | $15.11M | $522.79K | $14.32M | $14.62M | $13.81M | $413.27K | $12.57M | $153.84M | $11.94M | $326.70K | $10.88M | $121.61M | $75.44M | $134.61M | $107.58M | $23.65M | $49.67M | $-46.50M | $-224.48M | $33.87M |
| Low Forecast | $17.53M | $17.93M | $17.28M | $15.71M | $16.60M | $17.44M | $16.75M | $14.97M | $15.47M | $15.75M | $15.00M | $348.53K | $14.32M | $14.51M | $13.71M | $275.52K | $12.48M | $102.56M | $11.94M | $217.80K | $10.64M | $81.08M | $50.29M | $89.74M | $71.72M | $15.77M | $33.11M | $-69.75M | $-336.71M | $22.58M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.33% | 3.49% | 92.72% | 3.57% | 0.37% | - | 1.82% | 1.47% | 0.49% | 0.91% | 0.44% | 0.55% | 3.32% | 0.75% | -5.89% | 0.52% | 1.57% |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | 1 | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $29.81M | $19.00M | $4.06M | $23.13M | $18.30M | - | $-19.21M | $-38.81M | $-7.37M | $6.24M | $-9.37M | $-25.00M | $-79.36M | $-24.79M | $-367.60M | $-262.91M | $-25.52M |
| Avg Forecast | $55.03M | $61.18M | $57.25M | $41.96M | $53.65M | $56.36M | $47.49M | $28.24M | $45.70M | $44.51M | $32.82M | $-16.91M | $25.82M | $33.24M | $30.20M | $-13.37M | $18.31M | $-18.88M | $12.38M | $-10.57M | $-131.64K | $-14.92M | $6.87M | $-21.07M | $-47.25M | $-63.49M | $-33.05M | $-731.33M | $-507.04M | $-16.24M |
| High Forecast | $55.29M | $61.47M | $57.52M | $42.15M | $53.90M | $56.62M | $47.72M | $28.37M | $45.92M | $44.72M | $32.97M | $-13.53M | $26.94M | $33.39M | $30.34M | $-10.69M | $18.40M | $-15.10M | $12.38M | $-8.45M | $-129.82K | $-11.94M | $8.24M | $-16.86M | $-37.80M | $-50.79M | $-26.44M | $-585.06M | $-405.64M | $-12.99M |
| Low Forecast | $54.77M | $60.90M | $56.98M | $41.76M | $53.39M | $56.10M | $47.27M | $28.11M | $45.49M | $44.31M | $32.66M | $-20.29M | $24.70M | $33.08M | $30.06M | $-16.04M | $18.23M | $-22.66M | $12.38M | $-12.68M | $-133.63K | $-17.91M | $5.49M | $-25.29M | $-56.70M | $-76.19M | $-39.66M | $-877.59M | $-608.45M | $-19.49M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 0.63% | -0.30% | 1.26% | -0.97% | - | 1.82% | 294.84% | 0.49% | 0.91% | 0.44% | 0.53% | 1.25% | 0.75% | 0.50% | 0.52% | 1.57% |
Oceaneering's average Quarter net income forecast for Dec 23 is $25.82M, with a range of $24.70M to $26.94M. OII's average Quarter net income forecast represents a -13.39% decrease compared to the company's last Quarter net income of $29.81M (Sep 23).
Oceaneering SG&A Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | 1 | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $56.77M | $51.88M | $50.81M | $47.92M | $48.88M | - | $46.52M | $91.73M | $44.08M | $45.58M | $42.87M | $42.84M | $49.40M | $47.72M | $55.74M | $59.72M | $54.26M |
| Avg Forecast | $79.33M | $81.14M | $78.21M | $71.12M | $75.12M | $78.91M | $75.80M | $67.74M | $70.04M | $71.30M | $67.90M | $40.94M | $64.58M | $65.69M | $62.05M | $32.37M | $56.49M | $112.91M | $53.86M | $25.59M | $48.51M | $89.26M | $50.14M | $96.47M | $80.97M | $39.52M | $63.63M | $110.90M | $115.17M | $34.53M |
| High Forecast | $79.62M | $81.43M | $78.49M | $71.38M | $75.39M | $79.20M | $76.08M | $67.99M | $70.29M | $71.55M | $68.14M | $49.13M | $64.58M | $65.93M | $62.28M | $38.84M | $56.69M | $135.50M | $53.86M | $30.70M | $49.08M | $107.11M | $60.16M | $115.76M | $97.16M | $47.42M | $76.35M | $133.07M | $138.20M | $41.43M |
| Low Forecast | $79.05M | $80.85M | $77.93M | $70.87M | $74.85M | $78.63M | $75.53M | $67.50M | $69.79M | $71.04M | $67.65M | $32.75M | $64.58M | $65.46M | $61.83M | $25.89M | $56.29M | $90.33M | $53.86M | $20.47M | $48.00M | $71.41M | $40.11M | $77.17M | $64.77M | $31.61M | $50.90M | $88.72M | $92.13M | $27.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.86% | 0.84% | 1.57% | 0.85% | 0.43% | - | 1.82% | 1.89% | 0.49% | 0.91% | 0.44% | 0.53% | 1.25% | 0.75% | 0.50% | 0.52% | 1.57% |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | - | - | 1 | - | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | 1 | 2 | 2 | 2 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.30 | $0.19 | $0.04 | $0.23 | $0.18 | - | $-0.19 | $-0.39 | $-0.07 | $0.06 | $-0.09 | $-0.25 | $-0.80 | $-0.25 | $-3.70 | $-2.66 | $-0.26 |
| Avg Forecast | $0.54 | $0.60 | $0.56 | $0.41 | $0.52 | $0.55 | $0.46 | $0.28 | $0.45 | $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 | $0.04 | $-0.06 | $-0.20 | $-0.15 | $-0.21 | $-0.19 | $-0.21 | $-0.22 |
| High Forecast | $0.54 | $0.60 | $0.56 | $0.41 | $0.53 | $0.55 | $0.47 | $0.28 | $0.45 | $0.44 | $0.32 | $0.07 | $0.26 | $0.33 | $0.30 | $0.08 | $0.18 | $0.14 | $0.12 | $-0.01 | $-0.00 | $0.03 | $0.04 | $-0.06 | $-0.20 | $-0.15 | $-0.21 | $-0.19 | $-0.21 | $-0.22 |
| Low Forecast | $0.53 | $0.59 | $0.56 | $0.41 | $0.52 | $0.55 | $0.46 | $0.27 | $0.44 | $0.43 | $0.32 | $0.06 | $0.24 | $0.32 | $0.29 | $0.08 | $0.18 | $0.13 | $0.12 | $-0.01 | $-0.00 | $0.03 | $0.04 | $-0.06 | $-0.20 | $-0.15 | $-0.22 | $-0.19 | $-0.21 | $-0.23 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 0.64% | 0.49% | 1.29% | 1.33% | - | 15.04% | 303.27% | -2.75% | 1.47% | 1.54% | 1.25% | 5.24% | 1.17% | 19.56% | 12.65% | 1.16% |
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 | $5.78 | $13.00 | 124.91% | Hold |
| OIS | Oil States | $4.58 | $7.50 | 63.76% | Hold |
| NR | Newpark Resources | $7.12 | $11.00 | 54.49% | Buy |
| DNOW | NOW | $12.27 | $18.00 | 46.70% | - |
| CHX | ChampionX | $28.60 | $38.33 | 34.02% | Buy |
| NEX | NexTier Oilfield Solutions | $10.61 | $13.50 | 27.24% | Hold |
| AROC | Archrock | $19.37 | $22.00 | 13.58% | Buy |
| OII | Oceaneering | $23.20 | $21.00 | -9.48% | Buy |
| FTI | TechnipFMC | $24.25 | $20.88 | -13.90% | 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 -9.48% from its last price of $23.2. 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 -9.48% (from the last price of $23.2 to the average price target of $21), down by -9.48% based on the highest stock price target, and down by -9.48% based on the lowest stock price target.
Can Oceaneering stock reach $30?
OII's average twelve months analyst stock price target of $21 does not support the claim that Oceaneering can reach $30 in the near future.
What are Oceaneering's analysts' financial forecasts?
Oceaneering's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.88B (high $2.89B, low $2.87B), average EBITDA is $65.99M (high $66.22M, low $65.75M), average net income is $185.74M (high $186.61M, low $184.87M), average SG&A $297.58M (high $298.65M, low $296.51M), and average EPS is $1.81 (high $1.82, low $1.8). OII's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3B (high $3.01B, low $2.99B), average EBITDA is $68.7M (high $68.95M, low $68.45M), average net income is $215.42M (high $216.42M, low $214.41M), average SG&A $309.81M (high $310.92M, low $308.7M), and average EPS is $2.1 (high $2.11, low $2.09).
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 $152.94M by -23.33%. The company's net income was $25.94M, beating the average estimation of $1.25M by 1976.03%. Apple's SG&A was $196.51M, missing the average forecast of $248.84M by -21.03%. 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 $33.24M by -10.30%. 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%