Oceaneering International, Inc. (OII)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Oceaneering International, Inc. (OII) trades at $39.45 with AI Score 91/100 (Grade A+). Oceaneering International, Inc. Market cap: $3.93B, Sector: Energy.
Price live · AI analysis from May 10, 2026OII stock analysis for 2026: Analysts have set a consensus price target of $33.00 for Oceaneering International, Inc., suggesting 16.3% downside from the current price of $39.45. The AI MoonshotScore is 91/100, indicating a strong bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
OII: 6/7 perspectives are bullish. Dominant signal: Ray Dalio bullish.
How is this calculated? →Oceaneering International, Inc. (OII) Energy Operations & Outlook
Oceaneering International delivers engineered services and robotic solutions, primarily for the offshore energy sector, with diversification into defense and aerospace. Its subsea robotics and manufactured products segments drive revenue, while its global presence and technological expertise position it competitively in the energy and government services markets.
What Is the Investment Thesis for OII?
Oceaneering International presents a compelling investment case driven by its strong position in the offshore energy services market and diversification into defense and aerospace. With a P/E ratio of 10.6 and a profit margin of 12.1%, the company demonstrates solid profitability. Growth catalysts include increasing demand for subsea robotics and offshore project services. Key value drivers are its technological expertise, global presence, and diversified revenue streams. However, potential risks include volatility in oil prices and competition from other energy service providers. Investors should monitor the company's ability to maintain its market share and capitalize on growth opportunities in both the energy and defense sectors.
Based on FMP financials and quantitative analysis
OII Key Highlights
- Market Cap of $3.93B indicates a significant presence in the energy sector.
- P/E ratio of 10.6 suggests the company is potentially undervalued compared to its earnings.
- Profit Margin of 12.1% demonstrates the company's ability to generate profit from its revenue.
- Gross Margin of 20.0% reflects the efficiency of its operations and cost management.
- Beta of 1.19 indicates the stock is more volatile than the market, potentially offering higher returns but also higher risk.
Who Are OII's Competitors?
OII is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| LBRT Liberty Energy Inc. | $23.50 | -1.20% | $3.84B | 55 |
| PTEN Patterson-UTI Energy, Inc. | $8.71 | +0.52% | $3.30B | 32 |
| DHT DHT Holdings, Inc. | $17.21 | +0.20% | $2.77B | 47 |
| BSM Black Stone Minerals, L.P. | $13.54 | -1.78% | $2.88B | 99 |
| USAC USA Compression Partners, LP | $25.84 | -1.97% | $3.12B | 63 |
| PLSDF Pulse Seismic Inc. | $2.39 | +1.27% | $121.21M | 67 |
| LB LandBridge Company LLC | $76.84 | +4.19% | $5.92B | 63 |
| SEI Solaris Energy Infrastructure, Inc. | $67.46 | +0.40% | $4.84B | 63 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are OII's Key Strengths?
- Strong position in the offshore energy services market.
- Diversified revenue streams across multiple industries.
- Advanced technological capabilities in subsea robotics.
- Global presence and established customer relationships.
What Are OII's Weaknesses?
- Exposure to volatility in oil prices.
- Dependence on capital expenditures by energy companies.
- Potential for cost overruns in large-scale projects.
- Competition from other energy service providers.
What Could Drive OII Stock Higher?
- Increasing demand for subsea robotics driven by deepwater exploration and production activities.
- Expansion of offshore wind projects and renewable energy initiatives.
- Growing need for integrity management services for aging offshore infrastructure.
- Potential new contracts in the aerospace and defense sectors.
- Development and deployment of new autonomous mobile robot technologies.
What Are the Key Risks for OII?
- Insider selling — insiders were net sellers of roughly $10.1M recently.
- Volatility in oil prices and its impact on capital expenditures by energy companies.
- Economic downturns and reduced demand for energy services.
- Technological disruptions and the emergence of new competitors.
- Regulatory changes and environmental concerns affecting offshore operations.
- Geopolitical risks and security threats impacting global operations.
What Are the Growth Opportunities for OII?
- Expansion of Subsea Robotics Services: The increasing demand for deepwater exploration and production drives the need for advanced subsea robotics. Oceaneering's expertise in ROVs positions it to capture a larger share of this market, estimated to reach $4 billion by 2028. The company can leverage its existing fleet of 250 work-class ROVs and invest in new technologies to enhance its service offerings and expand its customer base. Timeline: Ongoing.
- Growth in Offshore Wind Projects: The global shift towards renewable energy sources creates opportunities for Oceaneering to provide its engineering and project management services to offshore wind projects. The offshore wind market is projected to grow significantly, reaching $100 billion by 2030. Oceaneering can leverage its expertise in subsea infrastructure and installation to secure contracts for wind farm development and maintenance. Timeline: Ongoing.
- Increased Demand for Integrity Management Services: As aging oil and gas infrastructure requires more frequent inspections and maintenance, the demand for integrity management services is expected to rise. Oceaneering's Integrity Management & Digital Solutions segment can capitalize on this trend by offering advanced software and analytical solutions to ensure the safety and reliability of offshore assets. The market for asset integrity management is projected to reach $45 billion by 2027. Timeline: Ongoing.
- Leveraging Autonomous Mobile Robots (AMRs) in Manufacturing: Oceaneering's Manufactured Products segment can expand its presence in the manufacturing sector by offering autonomous mobile robots and automated guided vehicle technology. The increasing adoption of automation in manufacturing facilities drives the demand for AMRs, which are projected to reach $8 billion by 2025. Oceaneering can leverage its expertise in robotics and engineering to develop customized AMR solutions for various manufacturing applications. Timeline: Ongoing.
- Expansion in Aerospace and Defense Technologies: Oceaneering's Aerospace and Defense Technologies segment can capitalize on increasing government spending on defense and space exploration activities. The company can leverage its engineering and manufacturing capabilities to secure contracts for defense-related projects and space exploration programs. The global defense budget is projected to reach $2.2 trillion by 2025, providing significant opportunities for growth. Timeline: Ongoing.
What Opportunities Does OII Have?
- Expansion in offshore wind and renewable energy projects.
- Increased demand for integrity management services.
- Growth in autonomous mobile robots and automation solutions.
- Leveraging expertise in aerospace and defense technologies.
What Threats Does OII Face?
- Economic downturns and reduced energy demand.
- Technological disruptions and new competitors.
- Regulatory changes and environmental concerns.
- Geopolitical risks and security threats.
What Are OII's Competitive Advantages?
- Technological Expertise: Oceaneering's advanced subsea robotics and engineering capabilities provide a competitive advantage.
- Global Presence: The company's global operations and infrastructure allow it to serve customers worldwide.
- Diversified Revenue Streams: Oceaneering's presence in multiple industries reduces its reliance on the energy sector.
- Long-Standing Relationships: The company has established long-term relationships with key customers in the energy and defense sectors.
What Does OII Do?
Founded in 1964 and headquartered in Houston, Texas, Oceaneering International, Inc. has evolved into a global provider of engineered services and products, primarily serving the offshore energy industry. Initially focused on diving services, the company expanded its capabilities to include subsea robotics, manufactured products, offshore projects, integrity management, and aerospace and defense technologies. Oceaneering's Subsea Robotics segment is a core business, offering remotely operated vehicles (ROVs) for drill support, subsea hardware installation, pipeline inspection, and maintenance. As of December 31, 2021, this segment operated 250 work-class ROVs. The Manufactured Products segment provides distribution and connection systems, including umbilicals and pipeline repair systems. The Offshore Projects Group delivers subsea installation and intervention services, including riserless light well intervention. The Integrity Management & Digital Solutions segment offers asset integrity management and software solutions. The Aerospace and Defense Technologies segment provides engineering and manufacturing services to U.S. government agencies. Oceaneering's diversification allows it to serve multiple industries, mitigating risk associated with fluctuations in the energy sector.
What Products and Services Does OII Offer?
- Provides remotely operated vehicles (ROVs) for subsea operations.
- Offers subsea hardware installation and construction services.
- Conducts pipeline inspection, survey, and facilities inspection.
- Provides maintenance and repair services for offshore infrastructure.
- Manufactures distribution and connection systems for the energy industry.
- Develops autonomous mobile robots and automated guided vehicle technology.
- Offers asset integrity management and software solutions.
- Provides engineering and manufacturing services for defense and aerospace applications.
How Does OII Make Money?
- Provides engineered services and products to the offshore energy industry.
- Generates revenue through long-term service contracts and project-based work.
- Offers a range of solutions, from subsea robotics to integrity management.
- Diversifies revenue streams across multiple industries, including defense and aerospace.
What Industry Does OII Operate In?
Oceaneering International operates in the oil and gas equipment and services industry, which is influenced by global energy demand and commodity prices. The industry is characterized by technological advancements in subsea robotics and offshore drilling. The competitive landscape includes companies like Liberty Energy Inc. (LBRT) and Patterson-UTI Energy, Inc. (PTEN). Oceaneering's diversification into defense and aerospace provides a buffer against the cyclical nature of the energy sector. The increasing focus on offshore wind and renewable energy projects presents both opportunities and challenges for the company.
Who Are OII's Key Customers?
- Offshore energy companies involved in exploration and production.
- Government agencies and prime contractors in the defense and aerospace sectors.
- Manufacturing companies seeking automation solutions.
- Companies in the entertainment industry utilizing entertainment systems.
How Oceaneering International, Inc. Is Valued
Oceaneering International, Inc. carries a market capitalization of $3.93B, placing it in the mid-cap category. Relative to its peer group, OII's quantitative score of 91/100 is above the peer average of 59/100.
Company Profile
Oceaneering International, Inc. operates in the Oil & Gas Equipment & Services industry within the Energy sector. It is headquartered in Houston, US. The company is led by CEO Roderick A. Larson. OII has traded publicly since 1975.
ROE 35%Key Financial Metrics
Return on equity for Oceaneering International, Inc. stands at 34.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 12.8%, showing how much profit it generates from its asset base. OII trades at a trailing price-to-earnings ratio of 10.64, below the Energy sector average of ~17x. Its free cash flow yield is 6.1%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.08 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 8.6%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 6/9Financial Health
Oceaneering International, Inc.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 4.35 places it in the safe zone, indicating low near-term bankruptcy risk.
FY2026 estForward Outlook
Wall Street analysts project Oceaneering International, Inc. revenue of about $2.91B for fiscal 2026, with EPS near $1.82.
Net sellingInsider Activity
Over the past six months, Oceaneering International, Inc. insiders filed 30 SEC Form 4 transactions — 21 sales and 9 purchases. On net that is roughly 229K shares disposed (about $10.1M), a signal worth weighing alongside the fundamentals.
OII Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- OII's exposure to the recovering offshore energy sector is fueling optimism. Think of it like the early days of the shale boom – renewed activity lifts all boats.
- Insider buying is often seen as a strong signal, suggesting those closest to the company see value. It's like the captain reinforcing the hull before a storm.
- Positive community sentiment indicates retail investors are backing OII's long-term strategy. This collective belief can drive momentum, similar to the Tesla community's support in 2020.
- The market's perception of OII as a key player in subsea robotics and engineering is strengthening, positioning them to capitalize on new offshore projects. It's like having the right tools for a specific job.
Bear Case
- Concerns about the long-term viability of offshore drilling are weighing on some investors. It's a bit like betting against the tide in the face of renewable energy growth.
- Mixed community sentiment reveals skepticism about OII's ability to maintain growth in a volatile energy market. This uncertainty can create selling pressure, similar to the doubts surrounding bank stocks in 2008.
- Recent market volatility and broader economic uncertainty are causing some to reduce exposure to cyclical sectors like energy services. It's like battening down the hatches during a hurricane.
- Increased competition in the subsea services market could erode OII's market share and profitability. It's like a new player entering the field with a disruptive technology.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
OII Latest News
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Oceaneering International Prices Private Placement of Senior Notes Due 2034
MT Newswires · Jun 25, 2026
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3 Unpopular Stocks with Open Questions
Yahoo! Finance: OII News · Jun 25, 2026
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Oceaneering Announces Pricing of Private Offering of $500 Million of Senior Notes
businesswire.com · Jun 25, 2026
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Oceaneering Announces Private Offering of $500 Million Senior Notes Due 2034
MT Newswires · Jun 24, 2026
OII Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for OII.
Price Targets
Consensus target: $33.00
OII MoonshotScore
What does this score mean?
The MoonshotScore rates OII's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Oceaneering International Prices Private Placement of Senior Notes Due 2034
3 Unpopular Stocks with Open Questions
Oceaneering Announces Pricing of Private Offering of $500 Million of Senior Notes
Oceaneering Announces Private Offering of $500 Million Senior Notes Due 2034
Latest Oceaneering International, Inc. Analysis
Leadership: Roderick A. Larson
CEO
Roderick A. Larson serves as the CEO of Oceaneering International, Inc. He has extensive experience in the energy industry, with a background in engineering and management. Prior to becoming CEO, Larson held various leadership positions within Oceaneering, including roles in operations, business development, and strategic planning. His expertise spans subsea technologies, offshore services, and project management. He is responsible for overseeing the company's global operations and driving its strategic growth initiatives.
Track Record: Under Roderick A. Larson's leadership, Oceaneering International has focused on expanding its technological capabilities and diversifying its revenue streams. Key achievements include strengthening the company's position in the subsea robotics market and expanding its presence in the aerospace and defense sectors. He has also overseen the implementation of cost-saving measures and operational efficiencies to improve profitability.
Oceaneering International, Inc. Energy Stock: Key Questions Answered
What does Oceaneering International, Inc. do?
Oceaneering International, Inc. provides engineered services, products, and robotic solutions to various industries, with a primary focus on the offshore energy sector. The company's core offerings include remotely operated vehicles (ROVs) for subsea operations, manufactured products such as distribution and connection systems, offshore project services, integrity management solutions, and aerospace and defense technologies. Oceaneering's business model revolves around providing specialized services and products that support the exploration, production, and maintenance of offshore energy infrastructure, as well as serving government and commercial clients in the defense and aerospace sectors.
What do analysts say about OII stock?
Analyst consensus on Oceaneering International, Inc. (OII) reflects a cautiously optimistic outlook, driven by the company's strong position in the offshore energy services market and its diversification efforts. Key valuation metrics, such as the P/E ratio of 10.6, suggest potential undervaluation. Growth considerations include the increasing demand for subsea robotics and the expansion of offshore wind projects. However, analysts also note the risks associated with oil price volatility and competition. Overall, analyst sentiment is neutral, emphasizing the need for investors to carefully assess the company's growth prospects and risk factors.
What are the main risks for OII?
The primary risks for Oceaneering International, Inc. include volatility in oil prices, which can significantly impact capital expenditures by energy companies and reduce demand for Oceaneering's services. Economic downturns and reduced energy demand also pose a threat. Additionally, technological disruptions and the emergence of new competitors could erode Oceaneering's market share. Regulatory changes and environmental concerns affecting offshore operations could increase costs and limit growth opportunities. Geopolitical risks and security threats could disrupt global operations and impact profitability. Investors should carefully consider these risks when evaluating OII.
What are the key factors to evaluate for OII?
Oceaneering International, Inc. (OII) holds an AI score of 91/100 (high). P/E: 10.6x vs the S&P 500's ~20-25x. Analysts target $33.00 (-16%). Not financial advice.
How frequently does OII data refresh on this page?
OII prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven OII's recent stock price performance?
Oceaneering International, Inc. (OII) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong position in the offshore energy services market. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider OII overvalued or undervalued right now?
Oceaneering International, Inc. (OII) trades at 10.6x earnings. Analysts target $33.00 (-16%) — downside risk seen. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying OII?
Before investing in Oceaneering International, Inc. (OII), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data as of 2026-05-10.
- Financial metrics are based on the most recent available data.
- Industry projections are based on third-party reports and estimates.