NYSE:OII

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Oceaneering International

Executive Summary

Oceaneering International, Inc. provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. More Details


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Oceaneering International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OII is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: OII's weekly volatility has decreased from 17% to 11% over the past year.


Market Performance


7 Day Return

19.9%

OII

6.7%

US Energy Services

-0.4%

US Market


1 Year Return

73.2%

OII

38.4%

US Energy Services

36.2%

US Market

Return vs Industry: OII exceeded the US Energy Services industry which returned 38.5% over the past year.

Return vs Market: OII exceeded the US Market which returned 36.2% over the past year.


Shareholder returns

OIIIndustryMarket
7 Day19.9%6.7%-0.4%
30 Day47.2%18.2%-2.9%
90 Day94.1%28.7%5.0%
1 Year73.2%73.2%44.0%38.4%39.1%36.2%
3 Year-25.9%-25.9%-44.1%-49.3%48.4%39.0%
5 Year-54.5%-56.3%-42.1%-52.2%116.5%92.4%

Long-Term Price Volatility Vs. Market

How volatile is Oceaneering International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Oceaneering International undervalued compared to its fair value and its price relative to the market?

2.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: OII ($14.15) is trading above our estimate of fair value ($11.21)

Significantly Below Fair Value: OII is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: OII is unprofitable, so we can't compare its PE Ratio to the US Energy Services industry average.

PE vs Market: OII is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OII's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OII is overvalued based on its PB Ratio (2.5x) compared to the US Energy Services industry average (1.1x).


Next Steps

Future Growth

How is Oceaneering International forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

126.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OII is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: OII is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: OII is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: OII's revenue (3.6% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: OII's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OII is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Oceaneering International performed over the past 5 years?

-73.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OII is currently unprofitable.

Growing Profit Margin: OII is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OII is unprofitable, and losses have increased over the past 5 years at a rate of 73.6% per year.

Accelerating Growth: Unable to compare OII's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: OII is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (22.4%).


Return on Equity

High ROE: OII has a negative Return on Equity (-89%), as it is currently unprofitable.


Next Steps

Financial Health

How is Oceaneering International's financial position?


Financial Position Analysis

Short Term Liabilities: OII's short term assets ($1.2B) exceed its short term liabilities ($437.1M).

Long Term Liabilities: OII's short term assets ($1.2B) exceed its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: OII's debt to equity ratio (144.3%) is considered high.

Reducing Debt: OII's debt to equity ratio has increased from 50.4% to 144.3% over the past 5 years.

Debt Coverage: OII's debt is not well covered by operating cash flow (17%).

Interest Coverage: Insufficient data to determine if OII's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Oceaneering International current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate OII's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate OII's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if OII's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OII's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: OII is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OII's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Rod Larson (53 yo)

3.83yrs

Tenure

US$3,630,205

Compensation

Mr. Roderick A. Larson, also known as Rod, has been the President and Chief Executive Officer of Oceaneering International, Inc. since February 19, 2015 and May 5, 2017 respectively. Mr. Larson has been Pr...


CEO Compensation Analysis

Compensation vs Market: Rod's total compensation ($USD3.63M) is about average for companies of similar size in the US market ($USD3.62M).

Compensation vs Earnings: Rod's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Roderick Larson
President3.83yrsUS$3.63m0.47%
$ 6.6m
Alan Curtis
Senior VP & CFO5.58yrsUS$1.31m0.15%
$ 2.1m
Charles Davison
Chief Operating Officer1.75yrsUS$2.69m0.22%
$ 3.1m
David Lawrence
Senior VP9.17yrsUS$1.07m0.12%
$ 1.6m
Witland LeBlanc
VP & Chief Accounting Officer2yrsno data0.034%
$ 482.0k
Mark Peterson
Vice President of Corporate Development & Investor Relations2.33yrsno datano data
Holly Kriendler
Senior VP & Chief Human Resources Officer2.83yrsno data0.027%
$ 385.0k
John Kreider
Senior Vice President of Growth Strategiesno datano datano data
Robert Moschetta
Senior Vice President of Health Safety Environment7.83yrsno datano data
Eric Silva
Senior VP & Chief Transformation Officer7yrsno data0.092%
$ 1.3m
Martin McDonald
Senior Vice President of Subsea Robotics5.17yrsno data0.088%
$ 1.2m
Philip Beierl
Senior Vice President of Aerospace & Defense Technologies2.83yrsno data0.039%
$ 542.4k

3.8yrs

Average Tenure

56yo

Average Age

Experienced Management: OII's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Roderick Larson
President3.83yrsUS$3.63m0.47%
$ 6.6m
T. Collins
Independent Director19.17yrsUS$270.64k0.049%
$ 694.7k
M. McEvoy
Director9.83yrsUS$260.87k0.27%
$ 3.9m
Paul Murphy
Independent Director8.58yrsUS$287.24k0.046%
$ 651.0k
Steven Webster
Independent Director6yrsUS$256.74k0.063%
$ 881.6k
John Huff
Independent Non Executive Chairman30.58yrsUS$349.75k0.17%
$ 2.4m
William Berry
Independent Director4.75yrsUS$274.74k0.059%
$ 825.0k
Jon Erik Reinhardsen
Independent Director4.42yrsUS$269.56k0.059%
$ 825.0k
Deanna Goodwin
Independent Director3.08yrsUS$293.68k0.049%
$ 683.5k
Karen Beachy
Independent Non-Executive Director0.17yrno data0.018%
$ 246.1k
Kavitha Velusamy
Independent Non-Executive Director0.17yrno data0.018%
$ 246.1k

4.8yrs

Average Tenure

64yo

Average Age

Experienced Board: OII's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: OII insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Oceaneering International, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oceaneering International, Inc.
  • Ticker: OII
  • Exchange: NYSE
  • Founded: 1964
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: US$1.405b
  • Shares outstanding: 99.31m
  • Website: https://www.oceaneering.com

Number of Employees


Location

  • Oceaneering International, Inc.
  • 11911 FM 529
  • Houston
  • Texas
  • 77041
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OIINYSE (New York Stock Exchange)YesCommon StockUSUSDNov 1975
OIIDB (Deutsche Boerse AG)YesCommon StockDEEURNov 1975
0KANLSE (London Stock Exchange)YesCommon StockGBUSDNov 1975

Biography

Oceaneering International, Inc. provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The company’s Subsea Robotics segm...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/07 23:10
End of Day Share Price2021/03/05 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.