Oceaneering International Inc. (NYSE: OII) stock enjoyed a major increase of 13.8% on 7/25/24. The shares closed at $28.95. Moreover, trading volume in this advance was exceptionally high at 293% of normal. The stock has been strong relative to the market over the last nine months and has risen 9.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, OII is expected to continue to be a major Value Builder.
Oceaneering International has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Oceaneering International has a poor Appreciation Score of 30 but a neutral Power Rating of 50, resulting in the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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