Oceaneering International Inc. (NYSE: OII) has recently enjoyed extremely important positive changes in investment behavior: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Small positive changes in fundamentals have recently occurred for Oceaneering International Inc. (NYSE: OII): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Oceaneering International has a slightly negative Appreciation Score of 32 but a good Power Rating of 82, producing the Neutral Value Trend Rating.
Recent Price Action
Oceaneering International Inc. (NYSE: OII) stock closed at $26.02 on 9/20/24 after a modest gain of 0.6%. Moreover, trading volume in this advance was exceptionally high at 241% of normal. The stock has risen 13.9% during the last week and has been exceptionally strong relative to the market over the last nine months.
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