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Oceaneering International

NYSE:OII
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OII
NYSE
$1B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

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 46 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
-3.2%
NYSE:OII
-5.9%
US Energy Services
-1.5%
US Market
1 Year Returns
-24.9%
NYSE:OII
-33.5%
US Energy Services
-4.2%
US Market
OII Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Oceaneering International (OII) -3.2% -16.3% -42% -24.9% -60.7% -81.4%
US Energy Services -5.9% -17.7% -33.8% -33.5% -38.3% -64.1%
US Market -1.5% -5.2% -11.2% -4.2% 27.3% 35.3%
1 Year Return vs Industry and Market
  • OII outperformed the Energy Services industry which returned -33.5% over the past year.
  • OII underperformed the Market in United States of America which returned -4.2% over the past year.
Price Volatility
OII
Industry
5yr Volatility vs Market

OII Value

 Is Oceaneering International undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Oceaneering International.

NYSE:OII Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:OII
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.846 (1 + (1- 21%) (56.16%))
1.222
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.222 * 7.05%)
11.56%

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.

NYSE:OII DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 28.54 56.15 47.81 40.71 34.67
Source Analyst x6 Analyst x6 Est @ -14.85% Est @ -14.85% Est @ -14.85%
Present Value
Discounted (@ 11.56%)
25.58 45.11 34.43 26.28 20.06
Present value of next 5 years cash flows $151.47
NYSE:OII DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $34.67 × (1 + 2.95%) ÷ (11.56% – 2.95%)
$414.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $414.40 ÷ (1 + 11.56%)5
$239.79
NYSE:OII Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $151.47 + $239.79
$391.26
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $391.26 / 98.53
$3.97
NYSE:OII Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.97
Current discount Discount to share price of $14.57
= -1 x ($14.57 - $3.97) / $3.97
-266.9%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NYSE:OII PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.26
NYSE:OII Share Price ** NYSE (2018-12-17) in USD $14.57
United States of America Energy Services Industry PE Ratio Median Figure of 37 Publicly-Listed Energy Services Companies 14.83x
United States of America Market PE Ratio Median Figure of 3,017 Publicly-Listed Companies 16.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Oceaneering International.

NYSE:OII PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:OII Share Price ÷ EPS (both in USD)

= 14.57 ÷ 0.26

56.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oceaneering International is overvalued based on earnings compared to the US Energy Services industry average.
  • Oceaneering International is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Oceaneering International's expected growth come at a high price?
Raw Data
NYSE:OII PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 56.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
119.3%per year
United States of America Energy Services Industry PEG Ratio Median Figure of 32 Publicly-Listed Energy Services Companies 0.55x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

NYSE:OII PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 56.51x ÷ 119.3%

0.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oceaneering International is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Oceaneering International's assets?
Raw Data
NYSE:OII PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $15.18
NYSE:OII Share Price * NYSE (2018-12-17) in USD $14.57
United States of America Energy Services Industry PB Ratio Median Figure of 89 Publicly-Listed Energy Services Companies 0.75x
United States of America Market PB Ratio Median Figure of 5,082 Publicly-Listed Companies 1.7x
NYSE:OII PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:OII Share Price ÷ Book Value per Share (both in USD)

= 14.57 ÷ 15.18

0.96x

* 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.
X
Value checks
We assess Oceaneering International's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Oceaneering International has a total score of 1/6, 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

 How is Oceaneering International expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

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!
Annual Growth Rate
119.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Oceaneering International expected to grow at an attractive rate?
  • Oceaneering International's earnings growth is expected to exceed the low risk savings rate of 3%.
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
Raw Data
NYSE:OII Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:OII Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 119.3%
NYSE:OII Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 10.5%
United States of America Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 38.1%
United States of America Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 9.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
Raw Data
NYSE:OII Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:OII Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 3,015 1
2021-12-31 2,760 1
2020-12-31 2,332 193 41 11
2019-12-31 2,073 150 -44 13
2018-12-31 1,904 100 -171 12
NYSE:OII Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
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
2015-12-31 3,063 564 231

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Oceaneering International's earnings are expected to grow significantly at over 20% yearly.
  • Oceaneering International's revenue is expected to grow by 10.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:OII Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Oceaneering International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:OII Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.46 0.65 0.28 5.00
2019-12-31 -0.45 -0.30 -0.74 7.00
2018-12-31 -1.74 -1.66 -1.81 5.00
NYSE:OII Past Financials Data
Date (Data in USD Millions) EPS *
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
2015-12-31 2.35

*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%).
X
Future performance checks
We assess Oceaneering International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Oceaneering International's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Oceaneering International's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Oceaneering International has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Oceaneering International has become profitable in the last year making it difficult to compare the US Energy Services industry average.
Earnings and Revenue History
Oceaneering International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Oceaneering International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:OII Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
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
2011-12-31 2,192.66 235.66 173.93

*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.
  • Oceaneering International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Oceaneering International used its assets less efficiently than the US Energy Services industry average last year based on Return on Assets.
  • 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.
X
Past performance checks
We assess Oceaneering International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Oceaneering International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x 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.
Raw Data

All data from Oceaneering International Company Filings, last reported 2 months ago.

NYSE:OII Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
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
2011-12-31 1,557.96 120.00 106.14
  • Oceaneering International's level of debt (52.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2% vs 52.7% today).
  • Debt is not well covered by operating cash flow (3.6%, less than 20% of total debt).
  • Oceaneering International earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Oceaneering International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Oceaneering International has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
0%
Current annual income from Oceaneering International dividends. Estimated to be 0.55% next year.
If you bought $2,000 of Oceaneering International shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NYSE:OII Annualized Past and Future Dividends
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 13 Analyst Estimates (S&P Global) See Below
United States of America Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1983 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:OII Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.12 5.00
2019-12-31 0.12 5.00
2018-12-31 0.00 5.00
NYSE:OII Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
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.
Current Payout to shareholders
What portion of Oceaneering International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Oceaneering International has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Oceaneering International's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Oceaneering International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Oceaneering International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rod Larson
COMPENSATION $2,512,439
AGE 51
TENURE AS CEO 1.6 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 in line with Oceaneering International recently becoming profitable.
  • Rod's remuneration is lower than 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:

3.3
Average Tenure
62
Average Age
  • The tenure for the Oceaneering International management team is about average.
Management Team

Rod Larson

TITLE
President
COMPENSATION
$3M
AGE
51
TENURE
1.6 yrs

Alan Curtis

TITLE
Senior VP & CFO
COMPENSATION
$827K
AGE
52
TENURE
3.3 yrs

Clyde Hewlett

TITLE
Chief Operating Officer
COMPENSATION
$1M
AGE
63
TENURE
3.3 yrs

David Lawrence

TITLE
Senior VP
COMPENSATION
$745K
AGE
58
TENURE
6.9 yrs

Steve Barrett

TITLE
Senior Vice President of Business Development
COMPENSATION
$741K
AGE
60
TENURE
3.4 yrs

W. Gerner

TITLE
Senior VP & Chief Accounting Officer
COMPENSATION
$953K
AGE
63
TENURE
12.3 yrs

Mark Peterson

TITLE
Vice President of Corporate Development & Investor Relations
TENURE
0.1 yrs

Marvin Migura

TITLE
Senior Vice President
COMPENSATION
$4M
AGE
67
TENURE
3 yrs

John Kreider

TITLE
Senior Vice President of Growth Strategies
AGE
66

Robert Moschetta

TITLE
Senior Vice President of Health Safety Environment
AGE
62
TENURE
5.6 yrs
Board of Directors Tenure

Average tenure and age of the Oceaneering International board of directors in years:

3.8
Average Tenure
65
Average Age
  • The tenure for the Oceaneering International board of directors is about average.
Board of Directors

John Huff

TITLE
Non Executive Chairman
COMPENSATION
$444K
AGE
72
TENURE
28.3 yrs

Rod Larson

TITLE
President
COMPENSATION
$3M
AGE
51
TENURE
1.6 yrs

Paul Murphy

TITLE
Director
COMPENSATION
$273K
AGE
58
TENURE
6.3 yrs

Steve Webster

TITLE
Director
COMPENSATION
$259K
AGE
67
TENURE
3.8 yrs

William Berry

TITLE
Director
COMPENSATION
$266K
AGE
65
TENURE
2.5 yrs

T. Collins

TITLE
Director
COMPENSATION
$267K
AGE
71
TENURE
16.9 yrs

M. McEvoy

TITLE
Director
COMPENSATION
$1M
AGE
67
TENURE
7.6 yrs

Jon Erik Reinhardsen

TITLE
Director
COMPENSATION
$243K
AGE
62
TENURE
2.2 yrs

Deanna Goodwin

TITLE
Director
AGE
52
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • Oceaneering International insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
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
X
Management checks
We assess Oceaneering International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

External News
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Simply Wall St News

What 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 -

Is 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 -

What 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 -

Is 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 -

Why 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 -

With 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 -

Is 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 -

Is 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 -

OII 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
$1,410,003,924
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
Staff numbers
8,200
Oceaneering International employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/17 23:40
End of day share price update: 2018/12/17 00:00
Last estimates confirmation: 2018/12/15
Last earnings filing: 2018/11/01
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.