A hidden gem despite the volatility – Stock register
Oceaneering International Inc. (NYSE: OII) price closed lower on Friday, October 29, closing at $ 13.60, -3.34% lower than its previous close.
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Traders who pay close attention to intraday price movements should be aware that they have fluctuated between $ 13.44 and $ 14.25. The company’s P / E ratio over the past 12 months was 755.56, while its 5-year monthly beta was 3.55. Looking at the 52-week price action, we see that the stock hit a 52-week high of $ 18.20 and a 52-week low of $ 3.35. Over the past month, the stock has gained 2.10% in value.
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Oceaneering International Inc., which has a market valuation of $ 1.40 billion at the time of writing, is expected to release its quarterly earnings report from October 26, 2021 to November 1, 2021. Investor optimism over the The company’s current quarter earnings report is understandable. Analysts predicted that quarterly earnings per share would increase by $ 0.04 per share this quarter, but they predicted annual earnings per share of $ 0.19 for 2021 and $ 0.33 for 2022. This means that Analysts expect annual earnings per share growth of 170.40% this year and 73.70% next year.
Analysts predict the company will generate revenue of $ 485.42 million for the current quarter, with probable lows of $ 474 million and highs of $ 505.2 million. The average estimate suggests that sales will likely increase by 16.00% this quarter compared to what was recorded in the comparable quarter of last year. From an analyst perspective, the consensus estimate for the company’s annual revenue in 2021 is $ 1.89 billion. The company’s turnover is expected to increase by 3.30% compared to 2021.
Reviews of a company’s earnings provide a brief indication of the direction of a short-term stock, where in the case of Oceaneering International Inc. No upward or downward commentary has been posted during the course. of the last 7 days. Technically, indicators suggest that OII has an average short-term buy of 50%. Based on the stock’s mid-term indicator data, the stock is currently averaging as hold, while a long-term indicator average suggests the stock is currently on hold.
Here is the average analyst rating for the stock represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting that the stock should be viewed as a strong buy or a strong sell, respectively. The number of analysts who gave OII a recommendation rating is 10. Of these, 5 give it an expectation, while 5 recommend buying, while 0 assigns an overweight rating. 0 analyst (s) marked Oceaneering International Inc. (OII) as underweight while 0 advise sell. Analysts rated the stock overweight, likely prompting investors to take the opportunity to increase their holdings in the company’s shares.
A quick look shows that the OII price is currently -8.31% on the SMA20 and 0.76% on the SMA50. The RSI metric on the 14 day chart is currently showing 42.92 and the weekly volatility stands at 5.33%. Measured over the last 30 days, the indicator reached 5.45%. The beta value of Oceaneering International Inc. (NYSE: OII) currently stands at 3.32, while the Average True Range indicator is currently at 0.82. With analysts setting $ 15.00 to $ 20.00 as low and high price targets, we arrive at a consensus price target of $ 16.83 for the 12 month period. The current price is approximately -10.29% of the estimated low and -47.06% of the expected high, based on this estimate. Investors will be elated if the OII share price rises to $ 17.00, which is the consensus median price. At this level, the OII share price would be -25.0% lower than the current price.
To see how the Oceaneering International Inc. stock has performed relative to its industry peers, here are the numbers: OII stock’s performance was -3.34% in the last session and 253.25 % last year, while Helix Energy Solutions Group Inc. (HLX) traded -3.82% on the day and was positioned 56.85% higher than it was there is one year old. Another comparable company, Forum Energy Technologies Inc. (FET), saw its stock close down -0.84% in the last trading session, but rose 130.78% in one year. Additionally, TETRA Technologies Inc. (TTI) posted a decline of -2.71% on the day as its price continued to dip to 492.01% over the past year. Oceaneering International Inc. has a P / E ratio of 755.56. Also in the last trading session, the S&P 500 index jumped 0.19%, while the Dow Jones Industrial also had a positive session, up 0.25% on the day.
An estimate of daily trading volume from Oceaneering International Inc. (NYSE: OII) indicates that the 3-month average is 813.36K.
Currently, records show that 99.76 million shares of the company remain outstanding. Insiders hold 0.40% of the outstanding shares, while institutions hold 89.60%. However, given that the stock price has reached 71.07% year-to-date, investor interest is likely to be rekindled due to its potential to rise even higher.