Oceaneering International – Consensus indicates 18.2% upside potential

Oceaneering International found using the ticker (OII) now have 9 analysts covering the stock with the consensus suggesting a buy rating. The range between the high target price and the low target price is between 22.5 and 12.5 with an average TP of 18.22. Given that the stock’s previous close was at 15.42, this now indicates that there is upside potential of 18.2%. There is a 50-day moving average of 14.74 and the 200-day moving average is 13.6. The company has a market cap of $1,511 million. Company website: https://www.oceaneering.com

The potential market capitalization would be $1,785 million based on market consensus.

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Oceaneering International provides engineering services, products and robotic solutions to the offshore energy, defense, aerospace, manufacturing and entertainment industries worldwide. The Company’s Subsea Robotics segment provides remotely operated vehicles (ROVs) for drilling support and ship-based services, including underwater equipment installation, construction, pipeline inspection, inspection and inspection of facilities, maintenance and repair. This segment also offers ROV tools and surveying services, such as hydrographic surveying and positioning services, as well as autonomous underwater vehicles for geosciences. As of December 31, 2021, this segment had 250 worker ROVs. Its Manufactured Products segment provides distribution and connection systems, including production control umbilicals and field development equipment, pipeline connection and repair systems to the power industry; and autonomous mobile robots and automated guided vehicle technologies and entertainment systems for various industries. The Company’s Offshore Projects Group segment offers subsea installation and work, including riserless skylight work and inspection services, as well as maintenance and repair services; installation and workover control systems and ROV workover control systems; project management and engineering; and drill pipe riser services and systems, and wellhead load relief solutions. Its Integrity Management & Digital Solutions segment provides asset integrity management; software and analytics solutions for the bulk cargo marine industry; and software, digital and connectivity solutions for the energy industry. The Company’s Aerospace and Defense Technology segment offers government services and products, including engineering and related manufacturing in defense and space exploration activities to US government agencies and their prime contractors. Oceaneering International was founded in 1964 and is based in Houston, Texas.

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