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Oceaneering International Inc (OII)


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Upturn Advisory Summary
10/20/2025: OII (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $23.5
1 Year Target Price $23.5
0 | Strong Buy |
0 | Buy |
4 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 8.6% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.32B USD | Price to earnings Ratio 11.67 | 1Y Target Price 23.5 |
Price to earnings Ratio 11.67 | 1Y Target Price 23.5 | ||
Volume (30-day avg) 4 | Beta 1.5 | 52 Weeks Range 15.46 - 30.98 | Updated Date 10/20/2025 |
52 Weeks Range 15.46 - 30.98 | Updated Date 10/20/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.98 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-10-22 | When - | Estimate 0.4443 | Actual - |
Profitability
Profit Margin 7.31% | Operating Margin (TTM) 11.34% |
Management Effectiveness
Return on Assets (TTM) 8.15% | Return on Equity (TTM) 26.86% |
Valuation
Trailing PE 11.67 | Forward PE 18.76 | Enterprise Value 2784105519 | Price to Sales(TTM) 0.84 |
Enterprise Value 2784105519 | Price to Sales(TTM) 0.84 | ||
Enterprise Value to Revenue 1.01 | Enterprise Value to EBITDA 6.58 | Shares Outstanding 100207596 | Shares Floating 98423901 |
Shares Outstanding 100207596 | Shares Floating 98423901 | ||
Percent Insiders 1.94 | Percent Institutions 97.22 |
Upturn AI SWOT
Oceaneering International Inc

Company Overview
History and Background
Oceaneering International, Inc. was founded in 1964. Initially focused on diving services for the offshore oil and gas industry, it expanded into remotely operated vehicles (ROVs), subsea hardware, and other engineering solutions. It has grown through acquisitions and organic development to become a major player in the subsea services sector.
Core Business Areas
- Subsea Robotics: Provides ROV services, tooling, and technology for inspection, maintenance, and repair of subsea infrastructure.
- Offshore Projects Group: Offers engineering, project management, and subsea hardware solutions for offshore oil and gas development.
- Subsea Technologies: Designs, manufactures, and supports subsea intervention systems, umbilicals, and tooling.
- Aerospace and Defense Technologies: Specializes in engineering and manufacturing for aerospace and defense applications, including life support systems and thermal protection.
Leadership and Structure
Roderick A. Larson is the President and Chief Executive Officer. The company is structured with executive leadership overseeing the various business segments, supported by corporate functions like finance, legal, and human resources.
Top Products and Market Share
Key Offerings
- ROV Services: ROV services for subsea inspection, maintenance, and repair. Competitors include TechnipFMC (FTI) and Saipem. Oceaneering's ROV market share fluctuates but it is consistently one of the leaders.
- Umbilicals: Subsea umbilicals for power, communication, and control of subsea equipment. Competitors include Prysmian Group and Nexans. Market share data varies by region and project, but Oceaneering is a significant supplier.
- Subsea Hardware: Engineering and manufacturing of subsea hardware components. Competitors include Aker Solutions and Subsea 7. Market share is project-dependent.
- Aerospace Life Support Systems: Systems used in Aerospace for survival of the crew during space missions. This is an important product because human life is at stake for NASA space missions. Competitors include Collins Aerospace and Lockheed Martin Space.
Market Dynamics
Industry Overview
The subsea services industry is driven by offshore oil and gas exploration and production, renewable energy development (offshore wind), and increasing demand for subsea infrastructure maintenance. The aerospace and defense sector is driven by government spending and demand for advanced technologies.
Positioning
Oceaneering is a leading provider of subsea engineering and applied technology solutions. The company differentiates itself through its integrated service offerings and technological expertise.
Total Addressable Market (TAM)
The TAM for subsea services is estimated to be in the billions of dollars annually. Oceaneering is well-positioned to capture a significant portion of this market through its broad range of offerings. Oceaneering is also increasing position in the Aerospace and Defence sector where it has been growing market share.
Upturn SWOT Analysis
Strengths
- Diversified service offerings
- Strong technological expertise
- Global presence
- Established relationships with key customers
Weaknesses
- Dependence on offshore oil and gas market
- Exposure to cyclical industry downturns
- High capital expenditure requirements
- Debt levels
Opportunities
- Growth in offshore wind energy sector
- Increasing demand for subsea infrastructure maintenance
- Expansion into new geographic markets
- Advancements in subsea robotics and automation
Threats
- Decline in offshore oil and gas prices
- Increased competition
- Regulatory changes impacting offshore activities
- Geopolitical instability
Competitors and Market Share
Key Competitors
- TechnipFMC (FTI)
- Saipem (SPM.MI)
- Subsea 7 (SUBC.OL)
Competitive Landscape
Oceaneering competes with other major subsea services providers based on technology, price, and geographic presence. It has a strong reputation for innovation and project execution. However, its reliance on oil and gas makes it more susceptible to market downturns. FTI has strong partnerships and a similar growth. Subsea 7 has more global outreach than Oceaneering International Inc.
Major Acquisitions
Blue Ocean Solutions
- Year: 2015
- Acquisition Price (USD millions): 40
- Strategic Rationale: Expanded Oceaneering's service offerings in the Gulf of Mexico.
Growth Trajectory and Initiatives
Historical Growth: Historical growth needs to be pulled from financial analysis tools.
Future Projections: Future projections needs to be pulled from financial analysis tools.
Recent Initiatives: Oceaneering is focused on expanding its presence in the offshore wind energy sector and developing new subsea technologies to improve efficiency and reduce costs.
Summary
Oceaneering International Inc. is a key player in the subsea services industry, offering a wide array of products and services. The company's reliance on the oil and gas sector makes it vulnerable to price fluctuations, but its strategic expansion into renewable energy provides growth. Recent initiatives will allow the company to mitigate that risk in the future, especially as the aerospace and defense sector continues to be strong. A well positioned company.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Oceaneering International Inc. Investor Relations
- Third-party market research reports
- Financial news sources
Disclaimers:
This analysis is based on available information and is not financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Oceaneering International Inc
Exchange NYSE | Headquaters Houston, TX, United States | ||
IPO Launch date 1990-03-26 | President, CEO & Director Mr. Roderick A. Larson | ||
Sector Energy | Industry Oil & Gas Equipment & Services | Full time employees 10400 | Website https://www.oceaneering.com |
Full time employees 10400 | Website https://www.oceaneering.com |
Oceaneering International, Inc. provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries in the United States, Africa, the United Kingdom, Norway, Brazil, Asia, Australia, and internationally. It operates in Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments. The company offers remotely operated vehicles (ROVs) for drill support and vessel-based services, such as subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair; ROV tooling; and survey services, such as hydrographic survey, positioning services, and autonomous underwater vehicles for geoscience. It also provides distribution and connection systems, such as production control umbilicals and field development hardware, pipeline connection and repair systems, and subsea and topside control valves to the energy industry; and autonomous mobile robotic technology and entertainment systems to various industries. In addition, the company offers subsea installation and intervention products, including riserless light well intervention services, as well as inspection, maintenance, and repair services; installation and workover control systems, and ROV workover control systems; diving services; project management and engineering solutions; and drill pipe riser services and systems, and wellhead load relief solutions. Further, it provides asset integrity management services; software and analytical solutions for the bulk cargo maritime industry; and software, digital, and connectivity solutions for the energy industry, as well engineering and related manufacturing in defense and space exploration activities to the United States' government agencies and their prime contractors. The company was founded in 1964 and is headquartered in Houston, Texas.

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