Oceaneering International – Consensus indicates 25.3% upside potential

Oceaneering International found using the ticker (OII) now have 9 total analysts covering the stock. The consensus rating is “Buy”. The target price ranges between 22.5 and 12.5 calculating the average target price we have 18.56. Now, with the previous closing price of 14.81, this indicates that there is 25.3% upside potential. The 50-day moving average now stands at 14.94 while the 200-day moving average is at 13.56. The company’s market capitalization is $1,474 million. Company website: https://www.oceaneering.com

The potential market capitalization would be $1,847 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 shipping 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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