Oceaneering International, Inc.

NYSE:OII Stock Report

Market Cap: US$5.2b

Oceaneering International Dividends and Buybacks

Dividend criteria checks 0/6

Oceaneering International does not currently pay a dividend.

Key information

0%

Dividend yield

0.7%

Buyback Yield

Total Shareholder Yield0.7%
Future Dividend Yield0%
Dividend Growthn/a
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio0%

Recent dividend and buyback updates

No updates

Recent updates

Narrative Update Jul 26

OII: Offshore Equipment Cycle Risk Will Limit Upside Despite Strong Q2

Analysts have raised the price target for Oceaneering International to $36.50 from $35.25, citing expectations for improving offshore equipment demand and a sector backdrop they view as more supportive for future orders. Analyst Commentary Recent research on Oceaneering International points to a mixed but constructive tone, with several price target increases and a focus on how offshore activity and equipment orders could influence the stock over the next few years.
Seeking Alpha Jul 23

Oceaneering International: Diversification Is Improving, But The Upside Looks Priced In

Summary Oceaneering International is shifting toward defense, aerospace, and underwater automation, reducing reliance on cyclical oil and gas markets. OII delivered 10% revenue growth and beat Q2 2026 analyst forecasts, with management maintaining a $400–440 million annual EBITDA outlook. A forward P/E of 25.7x and a low free cash flow margin suggest the current valuation leaves little room for execution missteps. Debt refinancing, low underwater robot utilization, and a higher P/B ratio highlight operational and financial risks despite improving business quality. Read the full article on Seeking Alpha
Narrative Update Jun 30

OII: Offshore Equipment Upswing And Debt Refinancing Will Shape FY26 Outlook

Analysts have raised their fair value estimate for Oceaneering International to $40 from $35, reflecting updated assumptions on revenue growth, margins, discount rate, and future P/E as they incorporate expectations for improving offshore equipment activity and order trends over the coming years. Analyst Commentary Recent Street research on Oceaneering International points to a more constructive tone, with bullish analysts lifting price targets and highlighting potential benefits from an improving offshore equipment backdrop.
Analysis Article Jun 20

Oceaneering International (OII) Stock Could Be 2.3% Overvalued After BlackRock Backing And Stronger Results

Institutional buying and improving fundamentals put Oceaneering International in focus Oceaneering International (OII) is drawing fresh attention after BlackRock and State Street increased their positions, alongside year-over-year gains in quarterly revenue and net profit and a solid financial health score within its industry. For you as an investor, this mix of stronger institutional interest and improving reported fundamentals sits against ongoing concerns about operating efficiency and...
Narrative Update Jun 16

OII: Elevated Earnings Multiple Will Likely Cap Future Share Price Upside

Analysts have lifted their fair value estimate for Oceaneering International from $25.00 to $31.00, citing updated assumptions around revenue growth, profit margins, and future P/E expectations, which are reflected in recent price target increases from firms such as Barclays and TD Cowen. Analyst Commentary Recent research on Oceaneering International highlights a mix of optimism around the higher fair value estimate and more cautious views that focus on execution and valuation risks.
Narrative Update Jun 02

OII: Offshore Contract Wins And FY26 Execution Will Shape Fair Outlook

Analysts have raised their average price target on Oceaneering International by $7, and the updated $35.25 fair value view is supported by recent target increases at several firms that cite a more constructive outlook on the stock. Analyst Commentary Recent research updates point to a more constructive stance on Oceaneering, with several firms revising their fair value estimates higher.
Narrative Update May 10

OII: FY26 EBITDA Targets And Mixed Offshore Delivery Will Shape Fair Outlook

Analysts raised their price target on Oceaneering International to $35.25 from $31.50, citing updated models that reflect recent target hikes from several firms, steady long term revenue growth assumptions, and a higher expected P/E multiple despite lower projected profit margins. Analyst Commentary Recent research updates present a mix of optimism and caution around Oceaneering International, with several firms lifting price targets while still highlighting execution risks and valuation questions.
New Narrative Apr 25

Oceaneering International, Inc. Reports Strong FY 2025 Earnings Growth with Margin Expansion and Robust Cash Generation

Executive Summary Analyst: Qudus Adebara (Founder of Wane Investment House) Oceaneering International, Inc. delivered a strong financial performance for the year ended December 31, 2025, reflecting improved offshore activity and operational efficiency across its core segments.
Narrative Update Apr 25

OII: Mixed Q4 And FY26 EBITDA Outlook Will Limit Further Upside

The analyst price target for Oceaneering International has moved higher into the mid $30s range, with recent Street research citing updated models after a mixed Q4, resilient pricing in key segments, ADTech strength, and reiterated FY26 EBITDA guidance with expectations for low to mid single digit revenue growth. Analyst Commentary Recent research updates point to higher price targets in the low to mid $30s range, but with ratings that remain cautious rather than outright bullish.
Narrative Update Apr 11

OII: FY26 Margin Reliance Will Likely Outrun Mixed Offshore Execution

Oceaneering International's fair value estimate has shifted from $27.50 to $31.50 as analysts factor in updated Q4 results, reaffirmed FY26 guidance, and revised price targets in the low to mid $30s range. Analyst Commentary Street research has broadly moved price targets for Oceaneering International into the low to mid US$30s range, reflecting updated Q4 data and reiterated FY26 guidance.
Narrative Update Mar 28

OII: Mixed Quarter And FY26 Outlook Will Restrain Further Upside

Oceaneering International's fair value estimate has been revised to $25.00 from $17.50 as analysts lift price targets into the low to mid $30s and incorporate updated models following recent quarterly results and reiterated FY26 guidance. Analyst Commentary Recent Street updates on Oceaneering International center on refreshed models after the latest quarterly report and FY26 outlook, with several firms lifting price targets into the low to mid $30s while maintaining neutral ratings.
Narrative Update Mar 14

OII: FY26 Guidance And Segment Resilience Will Shape A Steady Outlook

The analyst price target for Oceaneering International has shifted from $25 to $35 as analysts factor in updated models and recent research pointing to steady FY26 EBITDA guidance, modest revenue growth expectations, and resilience in areas like ADTech and SSR pricing despite mixed Q4 metrics. Analyst Commentary Recent research has tilted more constructive on Oceaneering International, with several bullish analysts lifting their valuation ranges after updating models around the latest Q4 print and forward guidance.
Narrative Update Feb 27

OII: Venezuela Hype Will Likely Outrun Offshore Execution Reality

Narrative Update on Oceaneering International Analysts have lifted their average price target on Oceaneering International by about $5, to roughly $27.50. This reflects updated models after the Q4 report and recent sector adjustments that factor in both revised growth expectations and more cautious views on how quickly Venezuela related opportunities could translate into offshore activity.
Analysis Article Jan 28

Oceaneering International, Inc. (NYSE:OII) Shares Fly 28% But Investors Aren't Buying For Growth

Oceaneering International, Inc. ( NYSE:OII ) shareholders have had their patience rewarded with a 28% share price jump...
Analysis Article Oct 21

Investors Don't See Light At End Of Oceaneering International, Inc.'s (NYSE:OII) Tunnel

With a price-to-earnings (or "P/E") ratio of 11.7x Oceaneering International, Inc. ( NYSE:OII ) may be sending bullish...
Narrative Update Sep 10

Global Energy Transition Will Shrink Offshore Oil Revenues

Upward revisions to Oceaneering International’s price target reflect stronger-than-expected Q2 results, resilient offshore drilling markets, robust demand trends, and improved earnings visibility, resulting in a new consensus fair value of $22.38. Analyst Commentary Upward price target revisions reflect updated models following stronger-than-expected Q2 results in the oil and gas equipment and services sector.
Analysis Article Aug 15

Oceaneering International, Inc. (NYSE:OII) Shares Could Be 42% Below Their Intrinsic Value Estimate

NYSE:OII 1 Year Share Price vs Fair Value Explore Oceaneering International's Fair Values from the Community and select...
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New Narrative Aug 10

Global Energy Transition Will Shrink Offshore Oil Revenues

Decarbonization and growth of renewables threaten Oceaneering's long-term oilfield service demand, limiting revenue potential and project backlog.
Seeking Alpha Apr 29

Oceaneering International: The Risks Are Real, But So Is The Upside

Summary Oceaneering International's shares are down 31.2% YTD, but their significant market share and diverse segments make them an attractive buy despite energy market uncertainties. The company boasts a 59% global market share in the ROV drill support industry and has shown robust revenue and profit growth across all segments. Management's optimistic 2025 outlook includes a projected EBITDA increase of 16.6%, despite potential risks from energy market volatility and geopolitical factors. Given the company's strong historical performance and current undervaluation, I assign a solid 'buy' rating, with potential for a 'strong buy' if energy market clarity improves. Read the full article on Seeking Alpha
Seeking Alpha Jun 07

Oceaneering International: Steady Offshore Activity But Short-Term Concerns Remain

Summary Oceaneering International aims to maintain stability in ROV utilization and vessel-based activities, with new contracts and pricing improvements in the ROV business. OII faces challenges in operating margin pressure in the Entertainment Systems and OMR businesses, as well as cash flow concerns. The stock is reasonably valued compared to peers, and I recommend a "hold" rating with expectations of higher medium-term gains. Read the full article on Seeking Alpha

Stability and Growth of Payments

Fetching dividends data

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.


Dividend Yield vs Market

Oceaneering International Dividend Yield vs Market
How does OII dividend yield compare to the market?
SegmentDividend Yield
Company (OII)0%
Market Bottom 25% (US)1.3%
Market Top 25% (US)4.1%
Industry Average (Energy Services)1.9%
Analyst forecast (OII) (up to 3 years)0%

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as OII has not reported any payouts.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/27 08:56
End of Day Share Price 2026/07/24 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Oceaneering International, Inc. is covered by 32 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel LebenBaird
Sungeun KimBarclays
James WestBarclays