Oceaneering International (NYSE:OII) Upgraded by Wall Street Zen to “Buy” Rating

Posted by George Bondi on Jul 26th, 2026

Wall Street Zen upgraded shares of Oceaneering International (NYSE:OII – Free Report) from a hold rating to a buy rating in a research note released on Saturday.

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

Get Our Latest Research Report on Oceaneering International

Oceaneering International Price Performance

OII opened at $52.98 on Friday. Oceaneering International has a one year low of $20.79 and a one year high of $53.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.79. The company’s 50 day simple moving average is $39.81 and its 200-day simple moving average is $36.00. The stock has a market capitalization of $5.28 billion, a P/E ratio of 15.22 and a beta of 1.15.

Oceaneering International (NYSE:OII – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). Oceaneering International had a return on equity of 18.40% and a net margin of 12.19%.The company had revenue of $692.43 million during the quarter, compared to the consensus estimate of $671.35 million. During the same quarter last year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that Oceaneering International will post 1.89 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Roderick A. Larson sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.27, for a total transaction of $191,350.00. Following the sale, the chief executive officer owned 397,279 shares of the company’s stock, valued at $15,203,867.33. This trade represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OII. Wilmington Savings Fund Society FSB bought a new stake in shares of Oceaneering International during the third quarter worth $28,000. EverSource Wealth Advisors LLC boosted its stake in Oceaneering International by 335.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 1,111 shares during the period. Quarry LP acquired a new stake in shares of Oceaneering International in the 3rd quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Oceaneering International during the first quarter worth about $53,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Oceaneering International by 248.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock worth $55,000 after buying an additional 1,627 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Key Headlines Impacting Oceaneering International

Here are the key news stories impacting Oceaneering International this week:

Positive Sentiment: Oceaneering reported Q2 revenue of $768.2 million, up 10% year over year and above estimates, while diluted EPS of $0.65 also beat expectations. Profitability improved as net income, gross profit, and operating profit all rose, and the company highlighted record EBITDA. Article Title
Positive Sentiment: Management projected third-quarter 2026 consolidated revenue growth and EBITDA in the range of $115 million to $125 million, reinforcing expectations for continued momentum. Article Title
Neutral Sentiment: Several follow-up articles highlighted the earnings call, record EBITDA, and “strong earnings momentum,” which may be supporting investor confidence but do not appear to add new fundamental information. Article Title
Negative Sentiment: One post-earnings note argued that Oceaneering’s improved diversification may already be reflected in the stock, suggesting limited upside from here. Article Title

About Oceaneering International

(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.