For its third fiscal quarter (ending September 30), Oceaneering International Inc. (NYSE: OII) has reported E.P.S. of $0.40 compared to $0.30 a year ago. E.P.S. were $1.33 for the latest four quarters through September 30 versus $0.76 for the same period a year ago.
Recent Price Action
On 10/23/24, Oceaneering International Inc. (NYSE: OII) stock declined by -2.7%, closing at $23.23. Moreover, trading volume in this decline was above average at 125% of normal. The stock has declined -6.1% during the last week but 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 (High 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 38 but a good Power Rating of 79, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment