Oceaneering International, Inc. (OII) Stock Price & Analysis
Oceaneering International, Inc. (OII) closed at USD 36.62 on Thursday, October 22, 2026, down 16.94% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 44.09; the Oct 22, 2026 session ranged USD 34.93–40.39 on volume of 3,453,452 shares. Market capitalization is $3.64B, with a 52-week range of USD 22.13–54.25 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 07:53 UTC.
Also available as compact Markdown for AI agents: nexqual.com/OII.md
Key facts (OII)
- Last four reported quarters (through Sep 30, 2026): revenue $2.91B, net income $331M (11.4% margin), free cash flow $288M (SEC filings).
- Valuation: P/E 11.0x (avg 15.8x at the last 3 fiscal year-ends), EV/EBITDA 8.3x, net cash $251M.
- Insider open-market sales, last ~7 months: 8 Form 4 filings, $4.7M; 7 not under a Rule 10b5-1 plan ($4.4M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Sell (mean 3.50 on a 1–5 scale) (4 analysts), mean target USD 46 (range 38–52).
- Total return with dividends: 1Y +53.9% vs S&P 500 +14.9%; 5Y +137.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-21, EPS estimate USD 0.5, revenue estimate $718M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (OII)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.87B | $2.07B | $2.42B | $2.66B | $2.78B | $2.91B |
| Gross profit | $264M | $307M | $399M | $485M | $568M | — |
| Operating income | $39.8M | $111M | $181M | $246M | $305M | $304M |
| Net income | -$49.3M | $25.9M | $97.4M | $147M | $354M | $331M |
| EPS (diluted) | -$0.49 | $0.26 | $0.95 | $1.44 | $3.49 | — |
| Free cash flow | $175M | $39.8M | $109M | $96.1M | $208M | $288M |
| Gross margin | 14.1% | 14.9% | 16.5% | 18.2% | 20.4% | — |
| Operating margin | 2.1% | 5.4% | 7.5% | 9.3% | 10.9% | 10.4% |
| Net margin | -2.6% | 1.3% | 4.0% | 5.5% | 12.7% | 11.4% |
| Revenue growth | +2.3% | +10.5% | +17.4% | +9.8% | +4.6% | — |
| Cash + short-term investments | $545M | $575M | $462M | $505M | $696M | — |
| Total debt | $702M | $701M | $477M | $482M | $487M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Sep 30, 2026) (OII)
P/E 11.0x · P/S 1.3x · EV/EBITDA 8.3x · EV/Sales 1.2x · P/FCF 12.7x · P/B 3.0x · FCF yield 7.90% · Earnings yield 9.09% · Buyback yield (TTM) 0.69% · Net cash $251M · EV $3.39B
P/E at fiscal year-ends: Dec 2025 6.9x, Dec 2024 18.1x, Dec 2023 22.3x.
Insider sales (SEC Form 4, open-market, last ~7 months) (OII)
1 of 8 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Larson Roderick A. | President and CEO | 6,000 | $265K | 0.9% | Yes (adopted June 30, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-07 | Murphy Paul B Jr | Director | 10,000 | $484K | 12.7% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-07-30 | Dyer Christopher J | SVP, OPGroup | 1,200 | $57K | 5% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-07-30 | McEvoy M Kevin | Director | 3,000 | $144K | 2.2% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-07-30 | Childress Earl | SVP, Chief Commercial Ofc. | 12,701 | $593K | 35.7% | No | Too little history (no open-market trades in 2025) |
| 2026-06-30 | Goodwin Deanna L | Director | 7,000 | $285K | 16.3% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-05-18 | Larson Roderick A. | President and CEO | 5,000 | $191K | 0.8% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-12…2026-05-13 | McDonald Martin J | SVP, Subsea Robotics | 70,000 | $2.7M | 58.7% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (OII)
Consensus Sell (mean 3.50 on a 1–5 scale), 4 analysts; mean target USD 46 (low 38, high 52).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-11 | Citigroup | Target raised | Neutral | $40 → $52 |
| 2026-07-27 | Barclays | Target raised | Equal-Weight | $39 → $47 |
Total return (dividends reinvested) (OII)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +53.9% | +137.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +54.1% | +18.9% |
| Volatility (annualized) | 49.2% | 51.3% |
| Max drawdown | -32.3% (Aug 2026→Oct 2026) | -53.7% (Mar 2022→Sep 2022) |
OII revenue by business segment (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Subsea Robotics Member | $233.0M | 29.7% | +6.5% |
| Offshore Projects Group | $172.5M | 22.0% | +0.9% |
| Manufactured Products Member | $168.2M | 21.4% | +7.5% |
| Aerospace and Defense Technologies Member | $135.1M | 17.2% | +7.3% |
| Integrity Managements & Digital Solutions Member | $75.8M | 9.7% | +7.1% |
| Total revenue | $784.6M | 100% | — |
OII revenue by product line (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Service | $2.21B | 79.3% | +5.2% |
| Product | $576.0M | 20.7% | +2.4% |
| Total revenue | $2.78B | 100% | — |
OII revenue by region (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Non-US | $455.3M | 58.0% | +12.4% |
| — United Kingdom (part of Non-US) | $112.0M | 14.3% | +26.2% |
| — Africa (part of Non-US) | $101.4M | 12.9% | -3.2% |
| — Norway (part of Non-US) | $73.6M | 9.4% | +8.0% |
| — Brazil (part of Non-US) | $64.0M | 8.2% | +8.0% |
| — Asia Pacific (part of Non-US) | $63.1M | 8.0% | +4.5% |
| — Other Geographical (part of Non-US) | $41.2M | 5.3% | +73.2% |
| UNITED STATES | $329.2M | 42.0% | -2.5% |
| Total revenue | $784.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
OII company outlook (results filed Oct 21, 2026)
- “As compared to the fourth quarter of 2025: Consolidated fourth quarter 2026 revenue is expected to increase and EBITDA is expected to be in the range of $85 million to $95 million.”
- “At the segment level, for the fourth quarter of 2026: • SSR revenue is expected to increase and operating income is expected to decrease, reflecting lower ROV utilization as certain rigs transit from the U.S.”
- “Initial Full-Year 2027 Guidance • Consolidated EBITDA is expected to be in the range of $430 million to $480 million. • Free cash flow generation is expected to exceed the level forecasted for 2026. • Share repurchase activity is expected to continue.”
- “Oceaneering will provide more specific guidance on its expectations for 2027 in its fourth quarter 2026 earnings release and conference call.”
Analysts expect $717.7M for the current quarter, 697.5% above the midpoint of the company's guidance ($90.0M).
Quoted word-for-word from the SEC 8-K results press release.
OII analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $0.50 | $0.47 | +5.5% | $717.7M | 3 |
| Next quarter (ends Mar 2027) | $0.47 | $0.00 | — | $721.0M | 2 |
| Current fiscal year (ends Dec 2026) | $2.06 | $1.89 | +9.0% | $2.95B | 2 |
| Next fiscal year (ends Dec 2027) | $2.32 | $2.08 | +11.4% | $3.06B | 3 |
OII options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 29 | 47.6% | ±11.0% |
| Dec 18, 2026 | 57 | 46.4% | ±14.7% |
| Jan 15, 2027 | 85 | 43.6% | ±17.1% |
| Mar 19, 2027 | 148 | 46.0% | ±23.2% |
| Apr 16, 2027 | 176 | 47.1% | ±25.7% |
| May 21, 2027 | 211 | 49.4% | ±29.2% |
| Aug 20, 2027 | 302 | 49.3% | ±34.8% |
| Nov 19, 2027 | 393 | 49.7% | ±40.1% |
30-day implied volatility 47% vs 63.9% realized over the last 30 trading days. Put/call ratio (volume) 0.73. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 07:53 UTC)
| Price | USD 36.62 |
|---|---|
| Change | ▼ 16.94% (down) |
| Previous Close | USD 44.09 |
| Open | USD 39.43 |
| Day Range | USD 34.93 – 40.39 |
| 52-Week Range | USD 22.13 – 54.25 |
| Volume | 3,453,452 shares |
| Market Cap | $3.64B |
| Exchange | NYQ |
Technical Analysis (OII)
Nexqual's technical model rates OII "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 07:53 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 22.04 (oversold) |
| vs SMA50 | Below (USD 47.58) |
| MACD | -1.48 (negative) |
Analyst Ratings (OII)
Wall Street analysts rate OII "Sell" based on 4 analysts, with a mean price target of USD 46 (range USD 38–52), per Nexqual as of October 23, 2026 at 07:53 UTC.
| Consensus Rating | Sell |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 46 |
| High Target | USD 52 |
| Low Target | USD 38 |
| Buy / Hold / Sell | 0 / 3 / 1 |
Earnings (OII)
| Next Earnings Date | 2026-10-21 |
|---|---|
| EPS Estimate | USD 0.5 |
| Revenue Estimate | $717.71M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 0.5 vs est 0.59 ▼ miss |
| 2026-06-30 | USD 0.63 vs est 0.45 ▲ beat |
| 2026-03-31 | USD 0.3 vs est 0.33 ▼ miss |
| 2025-12-31 | USD 0.45 vs est 0.31 ▲ beat |
Source: Nexqual, October 23, 2026 at 07:53 UTC.
Financials & Fundamentals (OII)
| Total Revenue | $2.87B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +10.00% |
| Gross Margin | +19.82% |
| Operating Margin | +11.49% |
| Profit Margin | +12.19% |
| ROE | +34.57% |
| Debt / Equity | 0.7 |
| Current Ratio | 2.18 |
| Total Cash | $636.47M |
| Total Debt | $822.16M |
| Free Cash Flow (last four quarters to Sep 2026, SEC 10-Q / 10-K) | $288.11M (9.9% of revenue) |
Source: Nexqual, October 23, 2026 at 07:53 UTC.
Financial Health Score (OII)
Nexqual rates Oceaneering International, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 07:53 UTC.
| Growth | Mixed — Revenue +4.6% YoY (annual), slow |
|---|---|
| Profitability | Mixed — Gross margin 20%, operating 11% (last 12 months) |
| Balance Sheet | Strong — $742M cash and investments vs $491M debt (Sep 2026, SEC), net cash |
| Cash Flow | Solid — FCF $288M (last 4 quarters to Sep 2026, SEC), 10% margin |
| Efficiency | Strong — ROE 35%, ROA 7.4% |
Ownership (OII)
| Insider Ownership | +1.28% |
|---|---|
| Institutional Ownership | +108.15% |
| Shares Outstanding | 99.53M |
| Float | 97.97M |
| Short % of Float | +9.68% |
Source: Nexqual, October 23, 2026 at 07:53 UTC.
Leadership (OII)
Oceaneering International, Inc. is led by Roderick A. Larson, President, CEO & Director, per Nexqual as of October 23, 2026 at 07:53 UTC.
| President, CEO & Director | Roderick A. Larson |
|---|---|
| Senior VP & COO | Benjamin M. Laura |
| Senior Vice President of Subsea Robotics | Martin J. McDonald |
| Senior VP & Chief Financial Officer | Michael W. Sumruld |
| Senior Director of Investor Relations | Hilary Frisbie |
Major Backers & Investors (OII)
Notable institutional backers of Oceaneering International, Inc. include Brown Advisory Inc., American Century Companies Inc, Earnest Partners LLC, according to Nexqual as of October 23, 2026 at 07:53 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Brown Advisory Inc. | 4.99% |
| American Century Companies Inc | 4.04% |
| Earnest Partners LLC | 3.56% |
| Neuberger Berman Group, LLC | 3.24% |
| Morgan Stanley | 3.08% |
| Franklin Value Investors Trust-FRANKLIN SMALL CAP VALUE FUND | 1.78% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 16.48% |
| Vanguard Group | 12.47% |
| State Street | 5.02% |
| Dimensional Fund Advisors | 3.56% |
Source: Nexqual, October 23, 2026 at 07:53 UTC.
From Oceaneering International, Inc.'s Latest SEC 10-K Filing (filed 2026-02-20)
Key Strengths & Strategy (as disclosed to the SEC)
- We also believe we are the industry leader in providing ROV services for offshore drill support, with an estimated 60% market share of the 136 contracted floating drilling rigs at the end of 2025.
- Our work-class ROV fleet size was 250 as of December 31, 2025, 2024 and 2023 and included eight IsurusTM work-class ROV systems (which are capable of operating in high-current conditions and are ideal for renewables projects and high-speed surveys) and our battery-operated Liberty electric ROV ("E-ROV") system, which we developed to address customer objectives regarding cost and personnel efficiencies, along with safety and environmental considerations.
Legal & Regulatory Risks (Item 1A, quoted)
- The legislative and regulatory responses to climate change and its effects have the potential to negatively affect our business in many ways, including increasing the costs to provide the services and products of our Energy business, reducing the demand for and consumption of certain of those services and products, and the economic health of the regions in which we operate, all of which can create financial risks.
- Our business could also be impacted by governmental initiatives to incentivize the conservation of energy or the use of alternative energy sources.
- Concerns and negative public perception regarding us, our sustainability goals and our industry could adversely affect our business operations, which could result in reduced revenue and increased costs.
- Laws and governmental regulations may add to our costs or adversely affect our operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 07:53 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt