Oceaneering International Inc. (NYSE: OII) stock closed at $29.00 on 11/6/24 after a major increase of 12.6%. Moreover, unusually high trading volume at 165% of normal accompanied the advance. The stock has risen 17.2% during the last week and has been strong relative to the market over the last nine months.
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). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Oceaneering International has a slightly negative Appreciation Score of 34 but a good Power Rating of 75, and the Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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