Alert: Negative Investment/Fundamental Signals (12/7/23)-Oceaneering International Inc. (NYSE: OII)


Oceaneering International Inc. (NYSE: OII). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and its longer term price trend turned down.

Notable negative changes in Oceaneering International Inc. (NYSE: OII) fundamentals have recently occurred: the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

OII is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Oceaneering International has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Oceaneering International has a poor Appreciation Score of 23 but a very high Power Rating of 95, resulting in the High Neutral Value Trend Rating.

Recent Price Action

Oceaneering International Inc. (NYSE: OII) stock declined slightly by -0.3% on 12/7/23. The stock closed at $19.12. However, below average trading volume at 80% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -8.0% during the last week.

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