Oceaneering International
Oceaneering International, Inc. provides engineered services and products to the offshore oil and gas, defense, aerospace, and commercial theme park industries worldwide. The last earnings update was 5 days ago. More info.
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- Oceaneering International has significant price volatility in the past 3 months.
OII Share Price and Events
7 Day Returns
1 Year Returns
OII Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Oceaneering International (OII) | 9.7% | 4.7% | -1.7% | -9.8% | -41.4% | -76.4% |
| US Energy Services | -0.3% | 4.6% | -26.5% | -26.6% | -29.1% | -60.9% |
| US Market | 1.2% | 6.6% | 1.2% | 0.9% | 44.3% | 41.3% |
1 Year Return vs Industry and Market
- OII outperformed the Energy Services industry which returned -26.6% over the past year.
- OII underperformed the Market in United States of America which returned 0.9% over the past year.
OII Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Oceaneering International
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Oceaneering International.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 12 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 13.4% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Energy Services Unlevered Beta | Simply Wall St/ S&P Global | 1.06 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.061 (1 + (1- 21%) (47.95%)) |
1.464 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.46 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.464 * 7.27%) |
13.37% |
Discounted Cash Flow Calculation for NYSE:OII using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Oceaneering International is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 6.80 | 43.67 | 61.75 | 158.00 | 132.79 |
| Source | Analyst x3 | Analyst x6 | Analyst x2 | Analyst x1 | Est @ -15.95% |
|
Present Value Discounted (@ 13.37%) |
6.00 | 33.97 | 42.38 | 95.65 | 70.91 |
| Present value of next 5 years cash flows | $248.90 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $132.79 × (1 + 2.73%) ÷ (13.37% – 2.73%) |
$1,282.14 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $1,282.14 ÷ (1 + 13.37%)5 |
$684.61 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $248.90 + $684.61 |
$933.52 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $933.52 / 98.53 |
$9.47 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $9.47 |
| Current discount | Discount to share price of
$16.65
= -1 x ($16.65 - $9.47) / $9.47 |
-75.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Oceaneering International is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Oceaneering International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Oceaneering International's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $-2.16 |
| NYSE:OII Share Price ** | NYSE (2019-02-15) in USD | $16.65 |
| United States of America Energy Services Industry PE Ratio | Median Figure of 34 Publicly-Listed Energy Services Companies | 12.8x |
| United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 16.97x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Oceaneering International.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:OII Share Price ÷ EPS (both in USD) = 16.65 ÷ -2.16 |
-7.72x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Oceaneering International is loss making, we can't compare its value to the US Energy Services industry average.
- Oceaneering International is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Oceaneering International's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -7.72x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts |
87.8%per year |
| United States of America Energy Services Industry PEG Ratio | Median Figure of 29 Publicly-Listed Energy Services Companies | 0.65x |
| United States of America Market PEG Ratio | Median Figure of 2,115 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Oceaneering International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Oceaneering International's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $14.36 |
| NYSE:OII Share Price * | NYSE (2019-02-15) in USD | $16.65 |
| United States of America Energy Services Industry PB Ratio | Median Figure of 88 Publicly-Listed Energy Services Companies | 0.81x |
| United States of America Market PB Ratio | Median Figure of 5,122 Publicly-Listed Companies | 1.82x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:OII Share Price ÷ Book Value per Share (both in USD) = 16.65 ÷ 14.36 |
1.16x |
* Primary Listing of Oceaneering International.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Oceaneering International is overvalued based on assets compared to the US Energy Services industry average.
Value checks
We assess Oceaneering International's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check) Oceaneering International has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
OII Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Oceaneering International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Oceaneering International's earnings growth is expected to exceed the United States of America market average.
- Oceaneering International's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:OII Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts | 87.8% |
| NYSE:OII Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts | 9.8% |
| United States of America Energy Services Industry Earnings Growth Rate | Market Cap Weighted Average | 32.1% |
| United States of America Energy Services Industry Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 2,883 | 323 | 121 | 2 |
| 2021-12-31 | 2,600 | 234 | 49 | 4 |
| 2020-12-31 | 2,316 | 164 | -10 | 12 |
| 2019-12-31 | 2,068 | 129 | -110 | 12 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 1,909 | -212 | |
| 2018-09-30 | 1,899 | 28 | 25 |
| 2018-06-30 | 1,855 | 50 | 90 |
| 2018-03-31 | 1,892 | 83 | 125 |
| 2017-12-31 | 1,922 | 136 | 166 |
| 2017-09-30 | 1,926 | 222 | -18 |
| 2017-06-30 | 1,999 | 297 | -28 |
| 2017-03-31 | 2,109 | 346 | -8 |
| 2016-12-31 | 2,272 | 339 | 25 |
| 2016-09-30 | 2,505 | 449 | 63 |
| 2016-06-30 | 2,700 | 505 | 143 |
| 2016-03-31 | 2,884 | 605 | 187 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
All data from Oceaneering International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 1.20 | 1.20 | 1.20 | 1.00 |
| 2021-12-31 | 0.49 | 0.65 | 0.28 | 3.00 |
| 2020-12-31 | -0.15 | 0.28 | -0.54 | 6.00 |
| 2019-12-31 | -1.12 | -1.05 | -1.20 | 6.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | -2.16 |
| 2018-09-30 | 0.26 |
| 2018-06-30 | 0.91 |
| 2018-03-31 | 1.27 |
| 2017-12-31 | 1.69 |
| 2017-09-30 | -0.19 |
| 2017-06-30 | -0.29 |
| 2017-03-31 | -0.08 |
| 2016-12-31 | 0.25 |
| 2016-09-30 | 0.64 |
| 2016-06-30 | 1.47 |
| 2016-03-31 | 1.90 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Oceaneering International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Oceaneering International's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Oceaneering International has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
OII Past Performance
How has Oceaneering International performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Oceaneering International does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare Oceaneering International's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Oceaneering International's 1-year growth to the US Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
All data from Oceaneering International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 1,909.48 | -212.33 | 198.26 | |
| 2018-09-30 | 1,898.56 | 25.38 | 194.94 | |
| 2018-06-30 | 1,855.38 | 89.59 | 190.11 | |
| 2018-03-31 | 1,891.74 | 124.80 | 184.93 | |
| 2017-12-31 | 1,921.51 | 166.40 | 183.95 | |
| 2017-09-30 | 1,925.78 | -18.20 | 188.47 | |
| 2017-06-30 | 1,998.93 | -28.23 | 191.42 | |
| 2017-03-31 | 2,109.44 | -8.05 | 204.09 | |
| 2016-12-31 | 2,271.60 | 24.59 | 208.46 | |
| 2016-09-30 | 2,505.22 | 63.12 | 213.90 | |
| 2016-06-30 | 2,699.56 | 143.46 | 221.45 | |
| 2016-03-31 | 2,884.33 | 186.62 | 224.20 | |
| 2015-12-31 | 3,062.75 | 231.01 | 231.62 | |
| 2015-09-30 | 3,259.62 | 305.98 | 228.65 | |
| 2015-06-30 | 3,489.09 | 361.78 | 233.74 | |
| 2015-03-31 | 3,606.20 | 406.60 | 231.04 | |
| 2014-12-31 | 3,659.62 | 428.33 | 230.87 | |
| 2014-09-30 | 3,635.50 | 419.29 | 234.52 | |
| 2014-06-30 | 3,515.70 | 399.36 | 226.34 | |
| 2014-03-31 | 3,408.67 | 387.88 | 224.96 | |
| 2013-12-31 | 3,287.02 | 371.50 | 220.42 | |
| 2013-09-30 | 3,173.17 | 358.67 | 213.15 | |
| 2013-06-30 | 3,054.09 | 338.67 | 208.45 | |
| 2013-03-31 | 2,906.26 | 312.41 | 204.03 | |
| 2012-12-31 | 2,782.60 | 289.02 | 199.26 | |
| 2012-09-30 | 2,575.85 | 266.73 | 193.76 | |
| 2012-06-30 | 2,443.84 | 260.90 | 190.18 | |
| 2012-03-31 | 2,317.14 | 245.04 | 183.51 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Oceaneering International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Oceaneering International has efficiently used its assets last year compared to the US Energy Services industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Oceaneering International improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Oceaneering International's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Oceaneering International has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
OII Health
How is Oceaneering International's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Oceaneering International's finances.
The net worth of a company is the difference between its assets and liabilities.
- Oceaneering International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Oceaneering International's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Oceaneering International Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,415.30 | 786.58 | 354.26 |
| 2018-09-30 | 1,501.47 | 791.89 | 370.15 |
| 2018-06-30 | 1,570.53 | 791.63 | 370.54 |
| 2018-03-31 | 1,638.20 | 791.47 | 392.91 |
| 2017-12-31 | 1,664.52 | 792.31 | 430.32 |
| 2017-09-30 | 1,499.96 | 796.21 | 472.38 |
| 2017-06-30 | 1,491.15 | 795.80 | 482.34 |
| 2017-03-31 | 1,489.13 | 795.31 | 462.52 |
| 2016-12-31 | 1,516.64 | 793.06 | 450.19 |
| 2016-09-30 | 1,571.78 | 802.26 | 451.63 |
| 2016-06-30 | 1,591.64 | 802.34 | 403.19 |
| 2016-03-31 | 1,611.65 | 800.56 | 370.85 |
| 2015-12-31 | 1,578.73 | 795.84 | 385.24 |
| 2015-09-30 | 1,588.92 | 797.50 | 271.16 |
| 2015-06-30 | 1,598.16 | 793.62 | 190.63 |
| 2015-03-31 | 1,583.67 | 750.00 | 304.51 |
| 2014-12-31 | 1,657.47 | 743.47 | 430.71 |
| 2014-09-30 | 2,018.87 | 250.00 | 74.59 |
| 2014-06-30 | 2,172.63 | 80.00 | 103.33 |
| 2014-03-31 | 2,090.36 | 90.00 | 106.34 |
| 2013-12-31 | 2,043.44 | 0.00 | 91.43 |
| 2013-09-30 | 1,977.56 | 40.00 | 102.35 |
| 2013-06-30 | 1,874.54 | 75.00 | 119.31 |
| 2013-03-31 | 1,834.07 | 90.00 | 127.99 |
| 2012-12-31 | 1,815.46 | 94.00 | 120.55 |
| 2012-09-30 | 1,734.24 | 120.00 | 103.64 |
| 2012-06-30 | 1,624.65 | 125.00 | 85.59 |
| 2012-03-31 | 1,611.96 | 100.00 | 127.49 |
- Oceaneering International's level of debt (55.6%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0% vs 55.6% today).
- Debt is not well covered by operating cash flow (3.6%, less than 20% of total debt).
- Oceaneering International is making a loss, therefore interest payments are not well covered by earnings.
Financial health checks
We assess Oceaneering International's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Oceaneering International has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
OII Dividends
What is Oceaneering International's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Oceaneering International
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Oceaneering International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Oceaneering International's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| United States of America Energy Services Industry Average Dividend Yield | Market Cap Weighted Average of 17 Stocks | 3.3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1998 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | ||
| 2021-12-31 | 0.00 | 1.00 |
| 2020-12-31 | 0.00 | 5.00 |
| 2019-12-31 | 0.00 | 5.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-13 | 0.000 | 0.000 |
| 2018-11-01 | 0.000 | 0.000 |
| 2018-10-24 | 0.000 | 0.000 |
| 2018-08-01 | 0.000 | 0.000 |
| 2018-07-25 | 0.000 | 0.000 |
| 2018-05-03 | 0.000 | 0.000 |
| 2018-04-25 | 0.000 | 0.000 |
| 2018-03-01 | 0.000 | 0.000 |
| 2018-02-22 | 0.000 | 0.000 |
| 2017-11-02 | 0.000 | 0.000 |
| 2017-10-25 | 0.000 | 0.000 |
| 2017-08-03 | 0.600 | 2.448 |
| 2017-07-26 | 0.600 | 2.361 |
| 2017-05-03 | 0.600 | 2.466 |
| 2017-04-26 | 0.600 | 2.293 |
| 2017-02-24 | 0.600 | 2.250 |
| 2017-02-08 | 0.600 | 2.176 |
| 2016-11-07 | 0.600 | 2.190 |
| 2016-10-27 | 0.600 | 2.499 |
| 2016-07-21 | 1.080 | 4.000 |
| 2016-04-25 | 1.080 | 3.375 |
| 2016-02-10 | 1.080 | 3.529 |
| 2015-07-22 | 1.080 | 2.732 |
| 2015-04-22 | 1.080 | 2.192 |
| 2015-02-11 | 1.080 | 2.011 |
| 2014-10-29 | 1.080 | 1.799 |
| 2014-07-23 | 1.080 | 1.634 |
| 2014-04-23 | 1.080 | 1.463 |
| 2014-02-18 | 0.880 | 1.232 |
| 2013-10-28 | 0.880 | 1.146 |
| 2013-07-24 | 0.880 | 1.080 |
| 2013-04-23 | 0.880 | 1.197 |
| 2013-02-13 | 0.720 | 1.137 |
| 2012-10-31 | 0.720 | 1.290 |
| 2012-07-25 | 0.720 | 1.335 |
| 2012-04-25 | 0.720 | 1.502 |
| 2012-02-15 | 0.600 | 1.120 |
| 2011-10-26 | 0.600 | 1.290 |
| 2011-07-27 | 0.600 | 1.524 |
| 2011-05-09 | 0.600 | 1.503 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Oceaneering International has not reported any payouts.
- Unable to verify if Oceaneering International's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Oceaneering International's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Oceaneering International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Oceaneering International has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
OII Management
CEO
| COMPENSATION | $2,512,439 |
| AGE | 51 |
| TENURE AS CEO | 1.8 years |
CEO Bio
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 Program Manager for Formation Sampling and Testing at the Houston Technology Center since May 2009. He served as the Chief Operating Officer of Oceaneering International, Inc. since May 2012 to August 2015 and also served as its Senior Vice President from May 2012 to February 2015. He has over 25 years of oilfield service business experience. He served as President of Latin America at Baker Hughes Incorporated since January 2011. He joined Baker Hughes Incorporated in 1990 as a field engineer for Baker Atlas and after progressing to General Field Engineer, he served as District Engineer and Customer Service Manager in Venezuela until 1998 and as Deepwater Operations Manager for the Gulf of Mexico. He served as Vice President of Operations at the Gulf of Mexico Region. He has been a Director of Oceaneering International, Inc. since May 5, 2017. He has been an Independent Director at Newpark Resources, Inc. since March 2014. Mr. Larson holds a B.S. in Electrical and Electronic Engineering from North Dakota State University and an M.B.A. degree from Rice University.
CEO Compensation
- Rod's compensation has increased whilst company is loss making.
- Rod's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Oceaneering International management team in years:
- The tenure for the Oceaneering International management team is about average.
Management Team
Rod Larson
President
$3M
51
1.8 yrs
Alan Curtis
Senior VP & CFO
$827K
52
3.5 yrs
Clyde Hewlett
Chief Operating Officer
$1M
63
3.5 yrs
David Lawrence
Senior VP
$745K
58
7.1 yrs
Steve Barrett
Senior Vice President of Business Development
$741K
60
3.6 yrs
W. Gerner
Senior VP & Chief Accounting Officer
$953K
63
12.4 yrs
Mark Peterson
Vice President of Corporate Development & Investor Relations
0.3 yrs
Marvin Migura
Senior Vice President
$4M
67
3.2 yrs
John Kreider
Senior Vice President of Growth Strategies
66
Robert Moschetta
Senior Vice President of Health Safety Environment
62
5.8 yrs
Board of Directors Tenure
Average tenure and age of the Oceaneering International board of directors in years:
- The tenure for the Oceaneering International board of directors is about average.
Board of Directors
John Huff
Non Executive Chairman
$444K
72
28.5 yrs
Rod Larson
President
$3M
51
1.8 yrs
Paul Murphy
Director
$273K
58
6.5 yrs
Steve Webster
Director
$259K
67
3.9 yrs
William Berry
Director
$266K
65
2.7 yrs
T. Collins
Director
$267K
71
17.1 yrs
M. McEvoy
Director
$1M
67
7.8 yrs
Jon Erik Reinhardsen
Director
$243K
62
2.3 yrs
Deanna Goodwin
Director
52
1 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Oceaneering International insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 28. Dec 18 | Buy | David Lawrence | Individual | 28. Dec 18 | 28. Dec 18 | 2,500 | $11.99 | $29,987 | ||
| 21. Dec 18 | Buy | Roderick Larson | Individual | 21. Dec 18 | 21. Dec 18 | 5,000 | $11.34 | $56,700 | ||
| 21. Dec 18 | Buy | Alan Curtis | Individual | 21. Dec 18 | 21. Dec 18 | 5,000 | $11.50 | $57,500 | ||
| 27. Sep 18 | Sell | Clyde Hewlett | Individual | 27. Jun 18 | 27. Jun 18 | -283 | $24.90 | $-7,047 | ||
| 08. Aug 18 | Sell | T. Collins | Individual | 07. Aug 18 | 08. Aug 18 | -16,750 | $26.55 | $-443,846 | ||
| 02. Mar 18 | Sell | Robert Moschetta | Individual | 18. Dec 17 | 18. Dec 17 | -307 | $19.40 | $-5,956 | ||
| 21. Feb 18 | Buy | Eric Silva | Individual | 13. Feb 18 | 13. Feb 18 | 3 | $25.95 | $78 | ||
| 21. Feb 18 | Buy | Eric Silva | Individual | 13. Jun 17 | 13. Jun 17 | 3 | $25.39 | $76 | ||
Management checks
We assess Oceaneering International's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Oceaneering International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
OII News
Simply Wall St News
How Financially Strong Is Oceaneering International, Inc. (NYSE:OII)?
(NYSE:OII) with its market cap of US$1.4b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is
Simply Wall St - – Full articleWhat Kind Of Share Price Volatility Should You Expect For Oceaneering International Inc (NYSE:OII)?
In finance, Beta is a measure of volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.
Simply Wall St - – Full articleIs Oceaneering International Inc (NYSE:OII) Attractive At This PE Ratio?
and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … View our latest analysis for Oceaneering International
Simply Wall St - – Full articleWhat does Oceaneering International Inc's (NYSE:OII) Balance Sheet Tell Us About Its Future?
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Oceaneering International Inc (NYSE:OII), with a market cap of US$2.60b, often get neglected by retail investors. … Let’s take a look at OII’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further.
Simply Wall St - – Full articleIs Oceaneering International Inc (NYSE:OII) A Sell At Its Current PE Ratio?
and want to begin learning the link between Oceaneering International Inc (NYSE:OII)’s fundamentals and stock market performance. … Oceaneering International Inc (NYSE:OII) trades with a trailing P/E of 18.7x, which is higher than the industry average of 18.3x. … While this makes OII appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio
Simply Wall St - – Full articleWhy I Sold Oceaneering International Inc (NYSE:OII)
It's crucial to understand if a company has a strong future based on its current operations and financial status. … With top line and bottom line expected to decline going forward, there is high uncertainty around the sustainability of its current operations. … Although, comparing OII's current share price to its peers based on its industry and earnings level, it's undervalued by 112.94%, with a PE ratio of 10.95x vs.
Simply Wall St - – Full articleWith A -128.83% Earnings Drop Lately, Did Oceaneering International Inc (NYSE:OII) Underperform Its Industry?
Check out our latest analysis for Oceaneering International Was OII's recent earnings decline worse than the long-term trend and the industry? … For Oceaneering International, its most recent trailing-twelve-month earnings is -$18.2M, which, in comparison to the previous year's level, has turned from positive to negative. … Though Oceaneering International's past data is helpful, it is only one aspect of my investment thesis.
Simply Wall St - – Full articleIs Oceaneering International Inc's (NYSE:OII) Balance Sheet A Threat To Its Future?
For OII, the debt-to-equity ratio is 53.08%, which means, while the company’s debt could pose a problem for its earnings stability, it is not at an alarmingly high level yet. … NYSE:OII Net Worth Dec 31st 17 Debt to equity ratio is an important aspect of financial strength. … OII’s high cash coverage means that, although its debt levels are high, investors shouldn’t panic since the company is able to utilise its borrowings efficiently in order to generate cash flow.
Simply Wall St - – Full articleIs It Time To Buy Oceaneering International Inc (OII)?
Oceaneering International Inc (NYSE:OII), an energy company based in United States, saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $26.63 and falling to the lows of $19.04. … This is because OII’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. … If you are no longer interested in Oceaneering International, you can use our free platform to see my list of over 50 other stocks with a high growth potential.
Simply Wall St - – Full articleOII Company Info
Map
Description
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 Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services. As of December 31, 2017, this segment owned 279 work-class ROVs. The company’s Subsea Products segment constructs various specialty subsea hardware products, including subsea umbilicals utilizing thermoplastic hoses and steel tubes; termination assemblies; tooling, ROV tooling, and subsea work packages; production control equipment; installation and workover control systems; clamp connectors; pipeline connector and repair systems; subsea and topside control valves; and subsea chemical injection valves, as well as offers riserless light well intervention services. Its Subsea Projects segment performs subsea oilfield hardware installation and inspection, maintenance, and repair services; serves shallow water projects; and performs subsea intervention and hardware installation services, such as subsea well tie-backs, pipeline/flowline tie-ins and repairs, pipeline crossing, and umbilical and other subsea equipment installations, and subsea intervention services. The company’s Asset Integrity segment offers asset integrity services for the safety of their facilities onshore and offshore; third-party inspections to customers in the oil and gas, petrochemical, and power generation industries; and first-pass integrity evaluation and assessment, and nondestructive testing services. Its Advanced Technologies segment provides project management, engineering services, and equipment for applications in non-energy markets. The company was founded in 1964 and is headquartered in Houston, Texas.
Details
| Name: | Oceaneering International, Inc. |
| OII | |
| Exchange: | NYSE |
| Founded: | 1964 |
| $1,640,570,603 | |
| 98,532,769 | |
| Website: | http://www.oceaneering.com |
| Address: |
Oceaneering International, Inc. 11911 FM 529, Houston, Texas, 77041, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | OII | Common Stock | New York Stock Exchange | US | USD | 03. Nov 1975 | |
| DB | OII | Common Stock | Deutsche Boerse AG | DE | EUR | 03. Nov 1975 | |
| LSE | 0KAN | Common Stock | London Stock Exchange | GB | USD | 03. Nov 1975 |
Number of employees
Current staff
Industry
| Oil and Gas Equipment and Services | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/18 01:31 |
| End of day share price update: | 2019/02/15 00:00 |
| Last estimates confirmation: | 2019/02/15 |
| Last earnings filing: | 2019/02/13 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
