Oceaneering International – Consensus indicates upside potential of 51.2%

Oceaneering International with ticker code (OII) now have 8 total analysts covering the stock. The consensus rating is “Buy”. The range between the high target price and the low target price is between 25 and 14.5 and has an average objective at 18.81. Together with the stock’s previous close at 12.44, this indicates that there is upside potential of 51.2%. There is a 50-day moving average of 14.75 and the 200-day MA is 13.43. The company has a market capitalization of $1,233 million. Visit the company’s website at: https://www.oceaneering.com

The potential market capitalization would be $1,865 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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