
Oceaneering (OII) Stock Forecast & Price Target
Oceaneering (OII) Analyst Ratings
Bulls say
Oceaneering International is experiencing a positive outlook driven by an increasing demand for its services and products, with higher margin backlog expected to enhance margins through 2026 and 2027. The anticipated 50% increase in offshore project final investment decisions (FIDs) over the next five years provides the company with significant revenue visibility beyond 2025, while rising rig rates further bolster its pricing power. Additionally, Oceaneering's successful booking of over $100 million in orders for its Max Mover autonomous forklifts from a major automotive company highlights its strong positioning within the estimated $5 billion total addressable market for this technology.
Bears say
Oceaneering International has historically benefited from high deepwater rig rates, which can drive increased demand for its remotely operated vehicles (ROVs), but the current market conditions suggest a downward trend in rates, with ROV pricing trailing historical highs by 20%. The financial outlook may be further strained by the firm's reliance on the volatile offshore oil and gas market, as fluctuations in commodity prices directly impact operational revenues and profit margins. Additionally, despite a segment realignment aimed at enhancing cost efficiency and synergy, the challenges faced in the oil and gas sector may hinder the company's ability to capitalize on growth opportunities within its diversified segments, including renewables and mobility solutions.
This aggregate rating is based on analysts' research of Oceaneering and is not a guaranteed prediction by Public.com or investment advice.
Oceaneering (OII) Analyst Forecast & Price Prediction
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