Oceaneering International (NYSE:OII) Shares Gap Up – Here’s Why

Posted by on Jul 23rd, 2026

Oceaneering International, Inc. (NYSE:OII – Get Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $45.00, but opened at $47.22. Oceaneering International shares last traded at $50.3850, with a volume of 210,054 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently weighed in on OII shares. Citigroup upped their price objective on shares of Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oceaneering International in a research report on Friday, May 22nd. TD Cowen boosted their price target on shares of Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Barclays upped their price target on shares of Oceaneering International from $32.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Oceaneering International currently has a consensus rating of “Hold” and an average target price of $38.33.

Get Our Latest Analysis on OII

Oceaneering International Trading Up 7.2%

The company has a current ratio of 2.08, a quick ratio of 1.79 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $4.81 billion, a P/E ratio of 14.36 and a beta of 1.15. The company has a 50-day moving average price of $39.32 and a 200 day moving average price of $35.72.

Oceaneering International (NYSE:OII – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The company had revenue of $692.43 million for the quarter, compared to the consensus estimate of $671.35 million. During the same period in the previous year, the business earned $0.43 EPS. Oceaneering International’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts forecast that Oceaneering International, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Oceaneering International news, CEO Roderick A. Larson sold 5,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $38.27, for a total transaction of $191,350.00. Following the completion of the sale, the chief executive officer directly owned 397,279 shares of the company’s stock, valued at approximately $15,203,867.33. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OII. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Oceaneering International by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,154 shares of the oil and gas company’s stock valued at $1,312,000 after acquiring an additional 2,633 shares during the last quarter. Empowered Funds LLC grew its holdings in Oceaneering International by 1.9% in the first quarter. Empowered Funds LLC now owns 120,776 shares of the oil and gas company’s stock worth $2,634,000 after purchasing an additional 2,310 shares during the last quarter. Strs Ohio acquired a new position in shares of Oceaneering International during the first quarter worth $168,000. Norges Bank acquired a new position in shares of Oceaneering International during the second quarter worth $1,485,000. Finally, Invesco Ltd. lifted its holdings in shares of Oceaneering International by 8.0% during the 2nd quarter. Invesco Ltd. now owns 650,188 shares of the oil and gas company’s stock valued at $13,472,000 after purchasing an additional 48,382 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International Company Profile

(Get Free Report)

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.

Featured Articles

Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter.