Oceaneering International (OII) has been under a strong bear grip, hence the stock is down -7.37% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.97% in the past 1 week. The stock has risen by 1.4% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.07% in the past 4 weeks.
Oceaneering International (NYSE:OII): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.85 and $27.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.27, notching a gain of 1.95% for the day. The total traded volume was 1,858,497 . The stock had closed at $27.73 on the previous day.
The stock has recorded a 20-day Moving Average of 2.55% and the 50-Day Moving Average is 7.68%. Oceaneering International, Inc. has dropped 16.71% during the last 3-month period . Year-to-Date the stock performance stands at -23.26%.
Oceaneering International (OII) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $46 and the lowest price target forecast is $23. The average forecast of all the analysts is $32.73 and the expected standard deviation is $6.35.
Oceaneering International, Inc. is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Companys business segments are contained within two businesses, such as services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies). The Companys four business segments within the Oil and Gas business includes Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects and Asset Integrity. The Company also provides remote asset management software services. The Company provides services and products, such as remotely operated vehicles, specialty subsea hardware, engineering and project management, subsea intervention services, including manned diving, and asset integrity and non-destructive testing services. The Companys foreign operations are principally focused in the North Sea, Africa, Brazil, Australia and Asia.