Understanding the Risks of Investing in Oceaneering International Inc. (OII)


Oceaneering International Inc.’s recently made public that its SVP, OPGroup DYER CHRISTOPHER J unloaded Company’s shares for reported $0.1 million on Aug 04. In the deal valued at $21.49 per share,4,800 shares were sold. As a result of this transaction, DYER CHRISTOPHER J now holds 12,601 shares worth roughly $ 0.3 million.

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Then, GOODWIN DEANNA L sold 48,303 shares, generating $800,526 in total proceeds. Upon selling the shares at $16.57, the Director now owns 19,899 shares.

Before that, Childress Earl sold 9,251 shares. Oceaneering International Inc. shares valued at $161,874 were divested by the SVP, Chief Commercial Ofc. at a price of $17.50 per share. As a result of the transaction, Childress Earl now holds 79,391 shares, worth roughly $1.91 million.

The Benchmark Company initiated its Oceaneering International Inc. [OII] rating to a Buy in a research note published on Friday, January 19, 2023; the price target was $25. PT values the company’s stock at a premium of 3.88 to its Friday closing price.

Price Performance Review of OII

On Friday, Oceaneering International Inc. [NYSE:OII] saw its stock jump 5.44% to $24.03. On the same session, the stock had its day’s lowest price of $23.175, but rose to a high of $24.75. Over the last five days, the stock has gained 11.92%. Oceaneering International Inc. shares have risen nearly 37.39% since the year began. Nevertheless, the stocks have risen 171.53% over the past one year. While a 52-week high of $23.81 was reached on 09/01/23, a 52-week low of $7.25 was recorded on 05/31/23. SMA at 50 days reached $21.41, while 200 days put it at $18.56. A total of 1.35 million shares were traded, compared to the trading of 1.05 million shares in the previous session.

Levels Of Support And Resistance For OII Stock

The 24-hour chart illustrates a support level at 23.22, which if violated will result in even more drops to 22.41. On the upside, there is a resistance level at 24.80. A further resistance level may holdings at 25.56. The Relative Strength Index (RSI) on the 14-day chart is 69.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.96%. Stochastics %K at 79.76% indicates the stock is a holding.

How much short interest is there in Oceaneering International Inc.?

A steep rise in short interest was recorded in Oceaneering International Inc. stocks on Aug 14, 2023, dropping by -0.57 million shares to a total of 3.59 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.16 million shares. There was a decline of -15.88%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.15% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.8.

According to FactSet, Oceaneering International Inc.’s share price will average $23.14 in the next year, based on opinions of analysts polled by the firm. This is up nearly 5.31 percent from its previous closing price of $22.79. Analysts expect Oceaneering International Inc. stock to reach the higher price of $27.00, while the lowest price estimate is $17.00. However, 8 analysts have rated OII stock as an Overweight in their predictions for 2023.


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