Oceaneering International, Inc. (OII): From Top to Bottom

Oceaneering International, Inc. (NYSE:OII) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Equipment & Services. The stock has been active on the tape, currently trading at $28.52, up from yesterday’s close by 0.81%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

It’s important to get a feel for how any stock is actually valued on the market based on its core numbers. Oceaneering International, Inc. (OII) currently trades with a market capitalization of $2.80B. That value represents a market adjusting for revenues that have been falling by -26.10% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For OII, the company currently has $451.62M of cash on the books, which is offset by $802.26M current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $428.41M over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 0 on a per share basis this quarter. Perhaps, that suggests something about why 95.30% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how has been acting. Looking at the stock’s movement on the chart, Oceaneering International, Inc. recorded a 52-week high of 36.92. It is now trading 8.63 off that level. The stock is trading 28.63 its 50-day moving average by 0.34. The stock carved out a 52-week low down at 22.47.

In recent action, Oceaneering International, Inc. (OII) has made a move of -7.16% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 31.41, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 97.31M with 10.90% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of OII.

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